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Property profile & analytics
FOR LEASE
Flex space
8399 West Van Buren St, Tolleson, AZ 85353
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-1498689
For Lease
1 / 3
$23,840,000
8399 West Van Buren St, Tolleson, AZ 85353
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Construction
CONCRETE
Total area
86,913 SF
Lot
10.27 ac (447,196 SF)
Zoning code
PAD
APN
101-12-618
UPID
US07-1498689
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
-
Buckeye Cleaning Centers Big Box & Wholesale Store Building Supply
-
Fox River Packaging Big Box & Wholesale Store
-
Express Trading International Distribution Center Logistics Company
-
Herbco Phoenix (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Premier Distribution Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.84M
Owner & transaction history
Ci486 Tolleson LLC · 2 yrs held
Ci486 Tolleson LLC
since 2023
Last sale
$19.8M
5 recorded transactions
Zoning & alternative use
PAD · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$38.6M
+93.4%
Retail stores
$29.2M
+46.5%
Neighborhood: shopping center
$27.5M
+37.6%
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
$19,995,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$19,955,000
Current use
AUTO REPAIR, GARAGE
$38,590,000
Change: +93% · Conversion: Easy
RETAIL STORES
$29,240,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$27,450,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$22,130,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$20,785,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$23.84M
Range $21.46M – $26.22M · ±10% · vs last sale $19.83M (Oct 19 2023)
Last sale anchor
$19.83M
Oct 19 2023
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
$274 / 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
$208,583
Tax year 2023
Assessed value
$3,657,588
Assessed 2024
Previous assessed
$3,011,567
+21.5% YoY
Effective rate
5.70%
On assessed value
Land market value
$2,866,000
Improvement market value
$19,301,200
Total market value
$22,167,200
Applied tax rate
171,700.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
86,913 SF
Lot
10.27 ac (447,196 SF)
Zoning code
PAD
APN
101-12-618
UPID
US07-1498689
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Tolleson, AZ
Zoning PAD · permitted uses
PAD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$20.0M
AUTO REPAIR, GARAGE
Est. value
$38.6M
RETAIL STORES
Est. value
$29.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.5M
MEDICAL BUILDING
Est. value
$22.1M
OFFICE BUILDING
Est. value
$20.8M
INDUSTRIAL (GENERAL) 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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
10.27 ac
Current owner
From public records · entity-resolved
Ci486 Tolleson LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1900 AVE OF THE STARS STE #320, LOS ANGELES, CA 90067-4305
Ownership since
2023
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
Oct 19, 2023
$19,825,000
Ci486 Tolleson LLC
Cam Investment 376 LLC
Special Warranty Deed
—
Oct 19, 2023
—
Cohen Holdings 2015 LLC
Cam Investment 376 LLC
Special Warranty Deed
—
Jul 26, 2019
—
Novi Tolleson Tic Member LLC
Novi Industrial Capital LLC
Quit Claim Deed
$7,350,000 · Miscellaneous Ins Co
Sep 28, 2018
$14,500,000
Cam Investment 376 LLC
Haindl-seefried V Lllp
Trustees Deed
$7,350,000 · Miscellaneous Ins Co
Mar 11, 2008
—
General Dev Az LLC
Owner Name Unavailable
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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