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Property profile & analytics
OFF-MARKET
Estimated value
$96,225,000
Refrigerated & Cold Storage
9600 151st Ave Waddell, AZ 85355-8044
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0862827
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2022
Total area
274,500 SF
Lot
30.97 ac (1,349,103 SF)
APN
501-42-007G
UPID
US07-0862827
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
$98.20M
Blend (final)
Blend
$96.23M
Owner & transaction history
Lineage Logistics LLC · 2 yrs held
Lineage Logistics LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$156.5M
+178.6%
Auto repair, garage
$121.9M
+117.0%
Retail stores
$92.3M
+64.4%
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 Waddell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waddell 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
Alternative Use
Use
Estimation
RESTAURANT
$156,500,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$121,880,000
Change: +117% · Conversion: Easy
RETAIL STORES
$92,340,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$86,695,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$69,890,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$65,650,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$96.23M
Range $86.60M – $105.85M · ±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
$351 / 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
$381,220
Tax year 2023
Assessed value
$9,912,696
Assessed 2024
Effective rate
3.85%
On assessed value
Land market value
$4,709,800
Improvement market value
$55,367,144
Total market value
$60,076,944
Applied tax rate
890,702.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2022
Buildings
2
Stories
1
Total area
274,500 SF
Lot
30.97 ac (1,349,103 SF)
APN
501-42-007G
UPID
US07-0862827
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$156.5M
AUTO REPAIR, GARAGE
Est. value
$121.9M
RETAIL STORES
Est. value
$92.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$86.7M
MEDICAL BUILDING
Est. value
$69.9M
OFFICE BUILDING
Est. value
$65.7M
RESTAURANT
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
2022
Stories
1
Buildings
2
Lot
30.97 ac
Current owner
From public records · entity-resolved
Lineage Logistics LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 6328, SUN VALLEY, ID 83354-6328
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
—
Lineage Logistics LLC
Cold Summit Phoenix 1 Joint Venture
Lease
—
Apr 16, 2021
$6,466,700
Cold Summit Phoenix 1 Joint Venture
Western Trans LLC
Special Warranty Deed
—
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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