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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Warehouses
9801 Litchfield Rd Waddell, AZ 85355
Entity Owned
26-yr Hold
Free & Clear
Property ID
US07-1353239
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1970
Construction
STEEL FRAME
Total area
6,604 SF
Lot
155.06 ac (6,754,627 SF)
Zoning code
AD-3
APN
501-43-012C
UPID
US07-1353239
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
$2.36M
Blend (final)
Blend
$2.32M
Owner & transaction history
Phoenix City (az) · 26 yrs held
Phoenix City (az)
since 2000
3 recorded transactions
Zoning & alternative use
AD-3 · Waddell, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+178.6%
Auto repair, garage
$2.9M
+117.0%
Retail stores
$2.2M
+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
$3,765,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,930,000
Change: +117% · Conversion: Easy
RETAIL STORES
$2,220,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,085,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$1,680,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,580,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±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
$293
Tax year 2023
Assessed value
$3,312,258
Assessed 2024
Previous assessed
$2,918,985
+13.5% YoY
Effective rate
0.01%
On assessed value
Land market value
$21,919,400
Improvement market value
$162,318
Total market value
$22,081,718
Applied tax rate
890,002.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
6,604 SF
Lot
155.06 ac (6,754,627 SF)
Zoning code
AD-3
APN
501-43-012C
UPID
US07-1353239
Jurisdiction
MARICOPA
Zoning & alternative use
AD-3 · Waddell, AZZoning AD-3 · permitted uses
AD-3 · Waddell, AZ
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
$3.8M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
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
1970
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
155.06 ac
Current owner
From public records · entity-resolved
Phoenix City (az)
Entity
Free & Clear · 26 yrs held
Mailing address
3400 E SKY HBR BLVD STE #3300, PHOENIX, AZ 85034-4405
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2000
—
Phoenix City (az)
Tal Wi Wi Ranches LLC
Trustees Deed
related
—
Oct 1, 1999
—
Tai Mi Wi Ranches LLC
Mckee Trust
Grant Deed
related
—
Aug 18, 1997
—
Robert H Mckee Trust
Robert H Mckee
Quit Claim Deed
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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