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Property profile & analytics
OFF-MARKET
Estimated value
$5,905,000
Warehouses
8121 Harrison St, Tolleson, AZ 85353-3328
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US07-1321103
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
CONCRETE
Total area
20,000 SF
Lot
2.98 ac (129,591 SF)
Zoning code
I-2
APN
104-12-001X
UPID
US07-1321103
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
-
Western Ag Enterprises Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.00M
Blend (final)
Blend
$5.91M
Owner & transaction history
Western Ag Enterprises INC · 30 yrs held
Western Ag Enterprises INC
since 1996
7 recorded transactions
Zoning & alternative use
I-2 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.9M
+117.0%
Retail stores
$6.7M
+64.4%
Neighborhood: shopping center
$6.3M
+54.3%
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 Tolleson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tolleson 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,095,000
Current use
AUTO REPAIR, GARAGE
$8,880,000
Change: +117% · Conversion: Easy
RETAIL STORES
$6,730,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,315,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$5,090,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$4,785,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$5.91M
Range $5.31M – $6.50M · ±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
$295 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$30,016
Tax year 2023
Assessed value
$597,746
Assessed 2024
Previous assessed
$601,069
-0.6% YoY
Effective rate
5.02%
On assessed value
Land market value
$754,900
Improvement market value
$2,867,800
Total market value
$3,622,700
Applied tax rate
450,000.0000
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
20,000 SF
Lot
2.98 ac (129,591 SF)
Zoning code
I-2
APN
104-12-001X
UPID
US07-1321103
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Tolleson, AZ
Zoning I-2 · permitted uses
I-2 · Tolleson, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tolleson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$8.9M
RETAIL STORES
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.98 ac
Current owner
From public records · entity-resolved
Western Ag Enterprises INC
Entity
Mailing address
8121 W HARRISON ST, TOLLESON, AZ 85353-3328
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 1996
$505,000
Western Ag Enterprises INC
Harrison Group
Grant Deed
$490,000 · Sonoma National Bank
—
—
Western Ag Ents INC
—
Loan Modification
related
$3,000,000 · Bank Of America
—
—
Western Ag Ents INC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Western Ag Ents INC
—
Deed Of Trust
related
$2,300,000 · Bank Of America
—
—
Western Ag Enterprises INC
—
Deed Of Trust
related
$750,000 · Bank Of America
—
—
Western Ag Enterprises INC
—
Deed Of Trust
related
$415,000 · Bank Of America
—
—
Western Ag Enterprises INC
—
Deed Of Trust
related
$500,000 · Bank One Arizona
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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