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Property profile & analytics
FOR SALE
Warehouses
951 W Watkins St Phoenix, AZ 85007
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1999147
For Sale
1 / 2
$9,895,000
951 W Watkins St, Phoenix, AZ 85007
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
CONCRETE
Total area
7,700 SF
Lot
1.71 ac (74,479 SF)
Zoning code
A-2
APN
105-37-022A
UPID
US07-1999147
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
-
Story Cannabis Industrial Manufacturer Production Facility
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
Watkins 951 W LLC · 3 yrs held
Watkins 951 W LLC
since 2023
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$66,958
Tax year 2022
Assessed value
$816,899
Assessed 2024
Previous assessed
$680,289
+20.1% YoY
Effective rate
8.20%
On assessed value
Land market value
$859,300
Improvement market value
$4,091,600
Total market value
$4,950,900
Applied tax rate
11,300.0000
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
For Sale
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
3
Total area
7,700 SF
Lot
1.71 ac (74,479 SF)
Zoning code
A-2
APN
105-37-022A
UPID
US07-1999147
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
3
Lot
1.71 ac
Current owner
From public records · entity-resolved
Watkins 951 W LLC
Entity
Mailing address
2780 S JONES BLVD STE #200, LAS VEGAS, NV 89146-5623
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$10,422,000
Watkins 951 W LLC
951 W Watkins LLC
Special Warranty Deed
$7,422,000 · 951 W Watkins LLC
Dec 31, 2020
—
951 W Watkins LLC
—
Deed
related
$2,000,000 · Amborn B D & K Trust (rt)
Nov 6, 2017
—
951 W Watkins LLC
—
Grant Deed
related
$2,045,000 · 3719 75th Street
Dec 9, 2016
—
951 W Watkins LLC
—
Deed
related
$2,200,000 · National Bk/az
Sep 26, 2016
$2,392,680
640 S Smith LLC
Berger Steven N|world On Watkins LLC
Trustees Deed
related
—
Feb 21, 2013
—
World On Watkins LLC
—
Deed Of Trust
related
$2,309,000 · Zions First National Bank
Nov 27, 2012
$4,618,000
World On Watkins LLC
Watkins Industrial LLC
Grant Deed
$2,309,000 · Zions First National Bank
Nov 20, 2008
—
Watkins Industrial LLC
Watkins Industrial LLC
Quit Claim Deed
—
Aug 14, 2007
—
Smt Investors
Mt Baldy
Grant Deed
related
—
—
—
951 W Watkins LLC
—
Deed Of Trust
related
$2,200,000 · National Bk/az
—
—
951 W Watkins LLC
—
Deed Of Trust
related
$2,000,000 · Amborn B D & K Trust (rt)
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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