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Property profile & analytics
OFF-MARKET
Estimated value
$39,910,000
Warehouses
835 47th Ave Phoenix, AZ 85043-2813
Entity Owned
29-yr Hold
Free & Clear
Property ID
US07-1335052
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
80,380 SF
Lot
8.16 ac (355,450 SF)
Zoning code
A-1
APN
103-34-011A
UPID
US07-1335052
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
-
Cosic Logistics 6 Warehouse & Storage
-
Atlantic Relocation Systems - Atlas Van Lines Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.31M
Blend (final)
Blend
$39.91M
Owner & transaction history
Twosome Realty INC · 29 yrs held
Twosome Realty INC
since 1997
1 recorded transaction
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$56.0M
+112.5%
Restaurant
$42.9M
+62.9%
Auto repair, garage
$34.0M
+28.9%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$26,345,000
Current use
COMMERCIAL (GENERAL)
$55,980,000
Change: +112% · Conversion: Difficult
RESTAURANT
$42,925,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,965,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$24,120,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$23,950,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$39.91M
Range $35.92M – $43.90M · ±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
$497 / 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
$138,692
Tax year 2023
Assessed value
$1,782,116
Assessed 2024
Previous assessed
$1,538,704
+15.8% YoY
Effective rate
7.78%
On assessed value
Land market value
$1,885,300
Improvement market value
$8,915,400
Total market value
$10,800,700
Applied tax rate
51,300.0000
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
80,380 SF
Lot
8.16 ac (355,450 SF)
Zoning code
A-1
APN
103-34-011A
UPID
US07-1335052
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZZoning A-1 · permitted uses
A-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$26.3M
COMMERCIAL (GENERAL)
Est. value
$56.0M
RESTAURANT
Est. value
$42.9M
AUTO REPAIR, GARAGE
Est. value
$34.0M
OFFICE BUILDING
Est. value
$24.1M
RETAIL STORES
Est. value
$24.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
8.16 ac
Current owner
From public records · entity-resolved
Twosome Realty INC
Entity
Free & Clear · 29 yrs held
Mailing address
1314 CHATTAHOOCHEE AVE NW, ATLANTA, GA 30318-2829
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 1997
$622,036
Twosome Realty INC
Mcdlf Holding Co
Grant Deed
—
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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