New search
Property profile & analytics
OFF-MARKET
Estimated value
$16,055,000
Flex space
9831 51st St, Phoenix, AZ 85044-5675
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3336119
Property summary
AI-generated overview
This exceptional 18,000-square-foot manufacturing facility, situated in the desirable Chandler Ind submarket of Maricopa County, presents a unique leasing opportunity. Built in 1985, the property offers a blend of established infrastructure and potential for modern upgrades. Currently, a single, sizable space of 3,053 square feet is immediately available for lease within the larger multi-tenant building. The building features one convenient drive-in bay, enhancing loading and unloading efficiency. This location is ideal for businesses seeking a well-established industrial space in a thriving area. The property's substantial size allows for flexibility in layout and configuration to suit diverse manufacturing needs. The available space provides ample room for production, storage, and office areas. Prospective tenants will appreciate the strategic location within the Chandler Ind submarket, offering easy access to major transportation routes and a skilled workforce. This is an excellent opportunity to secure a well-maintained industrial space in a prime location, ready for immediate occupancy. The property's multi-tenant nature provides a collaborative environment, while the available space offers the privacy and functionality needed for a successful operation. Serious inquiries are encouraged to explore this compelling leasing opportunity further. Contact us today to schedule a viewing and discuss your specific requirements.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
CONCRETE
Total area
40,632 SF
Lot
5.8 ac (252,822 SF)
Zoning code
IND.PK.
APN
301-41-521C
UPID
US07-3336119
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
-
Mr. Electric of Phoenix Metro Electrical Service General Contractor
-
Beratung Llc Consultant
-
Mills Engineering LLC Engineer
-
WestMount Tech Center Business Service Center Corporate Office
-
Envision Luxury Builders Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.10M
Blend (final)
Blend
$16.06M
Owner & transaction history
Portfolio 5 Williams · 19 yrs held
Portfolio 5 Williams
since 2006
5 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.7M
+142.7%
Auto repair, garage
$17.2M
+92.1%
Retail stores
$12.1M
+35.5%
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
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
$21,700,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,170,000
Change: +92% · Conversion: Easy
RETAIL STORES
$12,110,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$10,785,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,545,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,340,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$16.06M
Range $14.45M – $17.66M · ±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
$395 / 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
$82,905
Tax year 2023
Assessed value
$1,667,639
Assessed 2024
Previous assessed
$1,309,731
+27.3% YoY
Effective rate
4.97%
On assessed value
Land market value
$4,014,700
Improvement market value
$6,092,200
Total market value
$10,106,900
Applied tax rate
281,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
40,632 SF
Lot
5.8 ac (252,822 SF)
Zoning code
IND.PK.
APN
301-41-521C
UPID
US07-3336119
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$21.7M
AUTO REPAIR, GARAGE
Est. value
$17.2M
RETAIL STORES
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$10.8M
WAREHOUSE, STORAGE
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
5.8 ac
Current owner
From public records · entity-resolved
Portfolio 5 Williams
Individual
Mailing address
3190 CLEARVIEW WAY STE #200, SAN MATEO, CA 94402-3751
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
G W Williams Co
—
Deed
related
$47,500,000 · Boston Private Bank & Trust Company
Nov 14, 2006
—
Portfolio 5 Williams
G W Williams
Quit Claim Deed
related
$10,550,000 · New York Life Insurance
Apr 27, 2006
$16,225,000
Gw Williams Co
Westmount Tech LLC
Grant Deed
—
Feb 26, 1996
—
Tech L L C Westmount
Dynam Westmount Tech L P
Quit Claim Deed
related
—
Apr 28, 1995
$6,125,000
Westemount Tech L P Dynam
Metropolitan Life Ins Co
Grant Deed
$4,250,000
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9831 51st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
