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Property profile & analytics
OFF-MARKET
Estimated value
$140,375,000
Showrooms
859 86th Ave Tolleson, AZ 85353-9221
Individually Owned
7-yr Hold
Free & Clear
Property ID
US07-1150035
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
CONCRETE
Total area
203,372 SF
Lot
12.47 ac (543,301 SF)
Zoning code
I-1
APN
101-12-616
UPID
US07-1150035
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
-
Taylor Farms (Papa John's Salad and Produce) Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$160.14M
Blend (final)
Blend
$140.38M
Owner & transaction history
Prologis-exchange Westside Bus · 7 yrs held
Prologis-exchange Westside Bus
since 2018
7 recorded transactions
Zoning & alternative use
I-1 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Light Industrial Park District (I-1): promote and protect light manufacturing, warehouses, research and development industries, to cluster industries into planned industrial parks, to minimize incompatibility of industrial uses with adjacent land uses, provide sufficient space in appropriate locations for businesses and manufacturing firms free from offensiv…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,568.72 ac
Source
code of ordinances
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
Blend value · Realmo final
$140.38M
Range $126.34M – $154.41M · ±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
$690 / 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
$296,088
Tax year 2023
Assessed value
$4,284,060
Assessed 2024
Previous assessed
$4,117,111
+4.1% YoY
Effective rate
6.91%
On assessed value
Land market value
$2,730,200
Improvement market value
$23,233,800
Total market value
$25,964,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
203,372 SF
Lot
12.47 ac (543,301 SF)
Zoning code
I-1
APN
101-12-616
UPID
US07-1150035
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tolleson, AZZoning 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
Zoning description
Light Industrial Park District (I-1): promote and protect light manufacturing, warehouses, research and development industries, to cluster industries into planned industrial parks, to minimize incompatibility of industrial uses with adjacent land uses, provide sufficient space in appropriate locations for businesses and manufacturing firms free from offensive land uses in modern, landscaped buildings and surroundings; and (2) General Industrial District (I-2): promote and protect large and intensive industrial manufacturing plants and their appurtenant uses, to provide attractive and well maintained planned industrial parks for the location of the activities. (Ord. 274, passed 7-28-1987)
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,568.72 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
12.47 ac
Current owner
From public records · entity-resolved
Prologis-exchange Westside Bus
Individual
Free & Clear · 7 yrs held
Mailing address
60 STATE ST #1200, BOSTON, MA 02109-1800
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2018
—
Prologis-exchange Westside Bus
Bpp Pacific Indl Az Reit Owne
Grant Deed
related
—
Dec 12, 2017
—
Bpp Pacific Indl Az Reit Owne
—
Deed
related
—
Nov 18, 2016
$82,066,340
Bpp Pacific Indl Az Reit O
Lba Realty Fund III-co Ix
Grant Deed
—
Nov 18, 2016
—
Bpp Pacific Indl Az Reit Owne
—
Deed
related
$112,000,000 · Miscellaneous Ins Co
Jan 28, 2008
—
Lba Rlty Fund III Co Ix LLC
Owner Name Unavailable
Grant Deed
related
$50,000,000 · Prudential Insurance Co
—
—
Lba Realty Fund III-co Ix LLC
—
Deed Of Trust
related
$224,000,000 · Miscellaneous Ins Co
—
—
Bpp Pacific Indl Az Reit Owne
—
Loan Modification
related
$112,000,000 · Miscellaneous Ins Co
—
—
Bpp Pacific Indl Az Reit Owne
—
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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