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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Warehouses
8415 Sherman St, Tolleson, AZ 85353-3307
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0809143
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
CONCRETE
Total area
13,836 SF
Lot
1.08 ac (46,996 SF)
Zoning code
I-1
APN
101-12-627
UPID
US07-0809143
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
-
CopperState Fire Protection, A Pye-Barker Fire & Safety Company General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.06M
Owner & transaction history
8415 Sherman LLC · 5 yrs held
8415 Sherman LLC
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
I-1 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+64.4%
Neighborhood: shopping center
$4.4M
+54.3%
Medical building
$3.5M
+24.4%
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%
$2,370,000
6.5%
$2,190,000
7%
$2,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,830,000
Current use
RETAIL STORES
$4,655,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,370,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$3,525,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,310,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10% · vs last sale $3.00M (Oct 9 2020)
Last sale anchor
$3.00M
Oct 9 2020
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
$221 / 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
$21,082
Tax year 2023
Assessed value
$315,414
Assessed 2024
Previous assessed
$317,492
-0.7% YoY
Effective rate
6.68%
On assessed value
Land market value
$322,400
Improvement market value
$1,589,200
Total market value
$1,911,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,836 SF
Lot
1.08 ac (46,996 SF)
Zoning code
I-1
APN
101-12-627
UPID
US07-0809143
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tolleson, AZ
Zoning I-1 · permitted uses
I-1 · 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
$2.8M
RETAIL STORES
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE Current
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
Lot
1.08 ac
Current owner
From public records · entity-resolved
8415 Sherman LLC
Entity
Mailing address
11225 W BERNARDO CT #100, SAN DIEGO, CA 92127-1638
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2020
$3,000,000
8415 Sherman LLC
Q4 Phoenix LLC
Special Warranty Deed
$1,900,000 · Wells Fargo Bank NA
Dec 28, 2017
$1,274,000
Q4 Phoenix LLC
Tolleson Industrial LP
Warranty Deed
$1,636,250 · Capitalsource
Nov 1, 2016
—
Tolleson Industrial LP
—
Deed
related
$1,100,000 · Firstbank
Apr 19, 2013
$4,484,926
Tolleson Industrial LP
Tolleson Commerce Center LLC
Special Warranty Deed
$2,000,000 · Firstbank
Nov 7, 2011
—
Tolleson Commerce Center LLC
—
Deed Of Trust
related
$107,875,000 · Wells Fargo Bank
Apr 4, 2011
—
Tolleson Commerce Center LLC
Johnson Bk
Grant Deed
related
—
Mar 31, 2011
$4,100,000
Tolleson Commerce Center LLC
Johnson Bk
Grant Deed
—
Dec 30, 2010
—
Johnson Bk
Black Hat Sherman Street LLC
Deed In Lieu Of Foreclosure
related
—
Apr 10, 2008
—
Black Hat Sherman Street LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Tolleson Industrial LP
—
Deed Of Trust
related
$1,800,000 · Firstbank
—
—
Tolleson Industrial LP
—
Deed Of Trust
related
$1,100,000 · Firstbank
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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