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    2040/2050 Baseline Rd Phoenix, AZ 85041

    Sponsored
    For Lease
    Contact for pricing

    Phoenix Retail Pads - Two Spaces Available

    Lot size:
    2 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional commercial property, located at 2040/2050 W Baseline Rd in Phoenix, Arizona, presents a rare opportunity for investors and businesses alike. Classified as retail land with a PAD (Pad-Ready) subtype, this Maricopa County site offers two available spaces, ideal for multiple tenants. The property is situated in the vibrant city of Phoenix, AZ, 85041, boasting convenient access and high visibility. The precise square footage is not specified, but the listing highlights the unique characteristic of being the last developable land at this location. This presents a significant advantage for businesses seeking a prime retail space with future expansion potential. The property's strategic location within a bustling commercial area ensures high foot traffic and excellent exposure. This is a remarkable chance to secure a foothold in a thriving market, with the added benefit of owning the last available land for development within the immediate vicinity. The multiple tenancy option allows for diverse business models and potential for increased rental income. This property is perfect for entrepreneurs looking to establish a presence in a high-demand area or for investors seeking a strong return on investment. Don't miss this unique opportunity to acquire a piece of prime Phoenix real estate.

    Property Features for 2040/2050 Baseline Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2 SF

    Unit(s) available at that property

    Space
    AVAILABLE PAD
    Size
    1 SF
    Space
    AVAILABLE PAD
    Size
    1 SF

    HighLights

    • Last developable land parcel at this location.
    • Centrally located on the Baseline Road corridor.
    • Prime retail site in a growing trade area with a captive submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.103212
    Latitude
    33.37906

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    FAQs

    What type of property is this?
    Land - Phoenix Retail Pads - Two Spaces Available
    Where is this land located?
    The property is located at 2040/2050 Baseline Rd Phoenix, AZ.
    What are key features of this property?
    This property features: Last developable land parcel at this location.; Centrally located on the Baseline Road corridor.; Prime retail site in a growing trade area with a captive submarket.
    Request Owner's contact information
    2040/2050 Baseline Rd Phoenix, AZ 85041
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    Phoenix, AZ 85041
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    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.

    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
    2040/2050 Baseline Rd Phoenix, AZ 85041
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