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Property profile & analytics
OFF-MARKET
Warehouses
8800 21st Pl Phoenix, AZ 85042
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0424228
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
289 SF
Lot
12.12 ac (527,947 SF)
Zoning code
S-1
APN
300-17-008
UPID
US07-0424228
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
En Familia INC · 6 yrs held
En Familia INC
since 2019
7 recorded transactions
Zoning & alternative use
S-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of S-1 zone is to provide for very low density farm or residential uses to protect and preserve low density areas in their present or desired character
Zone name
Ranch Or Farm Residence
General category
RESIDENTIAL
Zone area
55,708.09 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,889
Tax year 2022
Assessed value
$328,778
Assessed 2024
Previous assessed
$188,110
+74.8% YoY
Effective rate
1.49%
On assessed value
Land market value
$3,278,500
Improvement market value
$9,281
Total market value
$3,287,781
Applied tax rate
661,300.0000
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
1973
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
289 SF
Lot
12.12 ac (527,947 SF)
Zoning code
S-1
APN
300-17-008
UPID
US07-0424228
Jurisdiction
MARICOPA
Zoning & alternative use
S-1 · Phoenix, AZZoning S-1 · permitted uses
S-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 S-1 zone is to provide for very low density farm or residential uses to protect and preserve low density areas in their present or desired character
Zone name
Ranch Or Farm Residence
General category
RESIDENTIAL
Zone area
55,708.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
12.12 ac
Current owner
From public records · entity-resolved
En Familia INC
Entity
Mailing address
3015 N 33RD DR, PHOENIX, AZ 85017-5204
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
$950,000
En Familia INC
Family Life Works LLC
Grant Deed
$585,000 · Raza Dev Fund
Feb 6, 2017
—
Family Life Works LLC
Lina Maria LLC
Grant Deed
related
—
Jun 30, 2015
—
Armando Hernandez
Hernandez Armando J & Nancy G
Quit Claim Deed
related
—
Dec 28, 2012
$500,000
En Familia INC INC
Lina Maria LLC
Grant Deed
—
Feb 26, 2009
$500,000
Lina Maria LLC
Multicultural Radio Broadcasti
Grant Deed
—
Feb 18, 2004
—
Multicultural Radio Broadcasti
Radio Unica Of Phoenix INC
Quit Claim Deed
related
—
Jan 20, 1999
$222,200
Radio Unica Of Phoenix INC
Children's Radio Of Phoenix
Grant Deed
related
—
Jun 2, 1997
$109,217
Children's Radio Of Phoenix INC
Bonneville Corp
Grant Deed
—
May 3, 1991
—
Inter Bonneville
Westinghouse Bro
Grant Deed
related
—
—
—
Family Life Works LLC
—
Deed Of Trust
related
$275,000 · Raza Development Fund
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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