Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial & Office Suites For Lease Title is generated by Realmo AI

    4620 E Elwood St, Phoenix, AZ 85040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.15 SF/Yr $13,794/Mo (calc)

    Industrial and office suites available for lease at Elwood & 48th.

    Type:Industrial
    Property size:
    143,940 SF
    Added:
    Jan 26, 2026
    Days on Market:
    112
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 4620 E Elwood St

    General Information

    Standard status
    Active
    Size
    143,940 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 4620 E Elwood St Contact us

    We can help!

    Listing Contact
    Mike Goldwater

    Listing agent Mike Goldwater

    Listing office

    Listing date Jan 26, 2026

    Source Cpiaz

    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 Mike Goldwater

    HighLights

    • Industrial & Office Suites For Lease
    • Located at Elwood & 48th St
    • Year Built: 1985

    Overview

    This property offers industrial and office suites for lease. The property is located at Elwood & 48th St. The property has a size of 143940 square feet.
    Location Intelligence

    Current Use by Public Records

    INS Investigations Bureau Law Firm Perc Pacific Environmental ... Environmental Consultant Airtech Environmental Lab Sustainability Organization Orange Coast Analytical, ... Laboratory Dorian Studio Photography Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.986
    Latitude
    33.4147

    Nearby Similar for Lease

    • $129-$5,346/Mo
      11-1,292 SF

      Spaces One Renaissance Tower

      2 Central Ave, Unit 1800, Phoenix, AZ 85004
      View Details
    • $129-$6,090/Mo
      11-1,292 SF

      Union Hills Office Plaza

      2550 Union Hills Dr, Unit 350, Phoenix, AZ 85027
      View Details
    • $129-$2,906/Mo
      11-1,292 SF

      Washington at Sky Harbor

      4600 Washington St, Unit 300, Phoenix, AZ 85034
      View Details
    • Sponsored
      Contact for pricing

      AZ, Phoenix - Clarendon

      300 Clarendon Ave, Phoenix, AZ 85013
      View Details
    • $129-$8,086/Mo
      11-1,292 SF

      Desert Ridge Corporate

      20860 Tatum Blvd, Unit 300, Phoenix, AZ 85050
      View Details
    • $129-$4,206/Mo
      11-1,292 SF

      AZ, Phoenix - 3rd St

      2025 3Rd St, Unit 3RD, Phoenix, AZ 85004
      View Details
    • $129-$3,204/Mo
      11-1,292 SF

      Century Link Tower

      20 Thomas Rd, Unit 2200, Phoenix, AZ 85012
      View Details
    • $129-$5,348/Mo
      11-1,292 SF

      Paradise Valley

      11811 Tatum Blvd, Unit 3031, Phoenix, AZ 85028
      View Details
    • $129-$6,946/Mo
      11-1,292 SF

      AZ, Phoenix - E Camelback Rd

      2701 Camelback Rd, Unit 150, Phoenix, AZ 85016
      View Details
    • $129-$4,703/Mo
      11-1,292 SF

      Esplanade III

      2415 Camelback Rd, Unit 700, Phoenix, AZ 85016
      View Details
    • $129-$3,776/Mo
      11-1,292 SF

      AZ, Phoenix- S 16th St

      6044 16Th St, Unit 1ST, Phoenix, AZ 85042
      View Details
    • $129-$5,386/Mo
      11-1,292 SF

      AZ, Phoenix - N 7th St

      19820 7Th St, Unit 2ND, Phoenix, AZ 85024
      View Details

    FAQs

    What type of property is this?
    Specialty property - Industrial and office suites available for lease at Elwood & 48th.
    Where is this specialty property located?
    The property is located at 4620 E Elwood St Phoenix, AZ.
    What is the lease rate?
    The lease rate is $1.15 SF/Yr.
    What are key features of this property?
    This property features: Industrial & Office Suites For Lease; Located at Elwood & 48th St; Year Built: 1985
    (480) 621-4020
    We can help!
    Listing Contact
    Mike Goldwater
    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

    Thank You for Inquiry
    4620 E Elwood St, Phoenix, AZ 85040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!