Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1002 N 27th Ave Phoenix, AZ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Located in Phoenix's Central Industrial District, near major transportation routes.

    Type:LAND
    Lot size:
    0.56 Acres
    Added:
    Feb 1, 2024
    Days on Market:
    819
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 1002 N 27th Ave

    General Information

    Standard status
    Active
    Lot size
    0.56 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Matt Schrauth

    Listing agent Matt Schrauth

    Listing office Avison Young | Phoenix

    Listing date Feb 1, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Avison Young | Phoenix

    Overview

    Phoenix Industrial Land For Sale

    This land is situated within Phoenix’s Central Industrial District, approximately 9 miles from Phoenix Sky Harbor Airport. The property is located just south of Interstate 10 and west of the I-17 freeway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.118
    Latitude
    33.459

    Nearby Similar for Sale

    • $425,000

      Phoenix Commercial Land For Sale

      C-2 zoned vacant lot with high visibility and easy access.
      2824 N 36th Avenue, Phoenix, AZ 85009
      View Details
    • $699,000

      Phoenix Commercial Land Opportunity

      C-2 zoned land parcel in central Phoenix.
      1125 N 7TH Street, Phoenix, AZ 85006
      View Details
    • $695,000

      Renovated Phoenix Property with Guesthouse

      Renovated Phoenix property featuring a main house and detached guesthouse.
      1005 E MARIPOSA Street, Phoenix, AZ 85014
      View Details
    • $499,900

      Phoenix Land in Sanctuary Development

      Large 1+ acre hillside lot in Ahwatukee Foothills.
      1960 E CLUBHOUSE Drive, Phoenix, AZ 85048
      View Details
    • $499,000

      Phoenix Multifamily Value-Add Opportunity

      Multifamily property with two separate structures in central Phoenix.
      1212 E TAYLOR Street, Phoenix, AZ 85006
      View Details
    • $500,000

      Prime Hillside Lot Opportunity

      1.13-acre corner lot with panoramic views in gated community.
      2516 W PRAIANO Way, Phoenix, AZ 85086
      View Details
    • $3,000,000

      Phoenix Land Redevelopment Opportunity

      Rare 4-acre land in South Mountain corridor, Phoenix, Arizona.
      2803 E BASELINE Road, Phoenix, AZ 85042
      View Details
    • $399,000

      Renovated Duplex in North Mountain

      Remodeled duplex with private yards, mountain views, and modern upgrades.
      10839 N 15TH Avenue N, Phoenix, AZ 85029
      View Details
    • $427,000

      Phoenix Duplex Value-Add Opportunity

      Duplex in convenient location with income potential and upside.
      2226 N 28TH Street, Phoenix, AZ 85008
      View Details
    • $560,000

      Phoenix Triplex with Updated Interiors

      Well-maintained Phoenix triplex with updated interiors and ample parking.
      1215 E MISSION Lane, Phoenix, AZ 85020
      View Details
    • $900,000

      Remodeled Multifamily Property in Phoenix

      Turnkey investment with immediate cash flow in Phoenix, Arizona.
      2925 N 38TH Street, Phoenix, AZ 85018
      View Details
    • $850,000

      Phoenix Triplex: Strong Income Potential

      Gated triplex near Biltmore Area with modernized interiors and zero vacancy.
      4514 N 14TH Place, Phoenix, AZ 85014
      View Details

    FAQs

    What type of property is this?
    Land - Located in Phoenix's Central Industrial District, near major transportation routes.
    Where is this land located?
    The property is located at 1002 N 27th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: Located in Phoenix's Central Industrial District; Proximity to Interstate 10 and I‑17 freeway; 9‑miles from Phoenix Sky Harbor Airport
    (602) 684-6209 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Schrauth
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!