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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Warehouses
7603 Alsup Rd, Litchfield Park, AZ 85340-9619
Entity Owned
~
Est. High Equity
Property ID
US07-0986120
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
STEEL FRAME
Total area
29,978 SF
Lot
19.5 ac (849,420 SF)
Zoning code
RU-43
APN
501-49-010J
UPID
US07-0986120
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bickman Farms Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$3.07M
Owner & transaction history
623 Real Estate Holdings LLC
623 Real Estate Holdings LLC
since 2026
5 recorded transactions
Zoning & alternative use
RU-43 · Litchfield Park, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Litchfield Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Litchfield Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$21,995
Tax year 2022
Assessed value
$289,817
Assessed 2024
Previous assessed
$244,849
+18.4% YoY
Effective rate
7.59%
On assessed value
Land market value
$104,130
Improvement market value
$1,871,656
Total market value
$1,975,786
Applied tax rate
790,007.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
5
Rooms
7
Bathrooms
2
Total area
29,978 SF
Lot
19.5 ac (849,420 SF)
Zoning code
RU-43
APN
501-49-010J
UPID
US07-0986120
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Litchfield Park, AZ
Zoning RU-43 · permitted uses
RU-43 · Litchfield Park, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Litchfield Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
5
Rooms
7
Bathrooms
2
Lot
19.5 ac
Current owner
From public records · entity-resolved
623 Real Estate Holdings LLC
Entity
Mailing address
PO BOX 25, TOLLESON, AZ 85353-0025
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$10,000,000
623 Real Estate Holdings LLC
Everkrisp Vegetables INC
Special Warranty Deed
$8,000,000 · Desert Financial Cu
Aug 7, 2015
$990,000
Everkrisp Vegetables INC In
Ek Cooling LLC
Grant Deed
—
Jan 4, 1999
$900,000
E K Cooling LLC
Bickman Trust
Grant Deed
$800,000 · Seller
Jun 3, 1997
$860,366
Joseph D Bickman Trust
Joseph K Bickman Estate
Trustees Deed
related
—
—
—
Joseph K Bickman Estate
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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