Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5635 Thomas Rd Phoenix, AZ 85018-8116

    • Commercial real estate
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1050329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dustun Vertrees, North&CO / Real Estate Agent
    • Mid Mod Phoenix / Design Agency / Real Estate Agency
    • Eliza Kiburz, Realtor / Real Estate Agent
    • The Ackerman Team / Real Estate Agency
    • Macy Mendyke / Real Estate Agent

    Property Details for 5635 Thomas Rd

    Lot size
    0.47 lot acres
    Zone code
    S-R
    Property type
    Commercial real estate
    APN
    129-28-001
    APU
    12928001

    Description

    This ±8,672 square foot, single-story Class B office building, located at 5635 E Thomas Road in Phoenix, Arizona, presents a compelling owner-user opportunity. Built in 1988 and extensively renovated in 2019, the property boasts contemporary finishes throughout and is situated in the highly desirable Arcadia area. The building offers prominent signage opportunities on Thomas Road, a major thoroughfare with approximately 29,000 vehicles passing daily, providing excellent visibility and direct exposure to the Arizona Country Club. The location offers easy access to major freeways including Loop 101, Loop 202, and SR-51, ensuring seamless commutes. The property features multiple points of entry/exit, two private patios, and ample parking with convenient drive-around access. The building is zoned S-R and has an APN of 129-28-001 & 129-28-002. Its proximity to upscale dining, shopping, hotels, and retail amenities in Arcadia, Biltmore, and Old Town Scottsdale, along with nearby attractions like the Global Ambassador, Phoenician, Buck & Rider, and Steak 44, enhances its appeal. The asking price is $3,500,000. The property could potentially be delivered fully furnished.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.959
    Latitude
    33.4797
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,594
    $0.00
    $0.00
    $83,639
    -
    $506,900
    $0.00
    $506,900

    Comparable in this City

    • Value Estimation by Request
      2.58 Acres

      3279 Camelback Rd

      COMMERCIAL (GENERAL) • 2.58 Acres
      3279 Camelback Rd, Phoenix, AZ 85018
      View Details
    • Value Estimation by Request
      0.46 Acres

      3101 36th St

      COMMERCIAL (GENERAL) • 0.46 Acres
      3101 36th St, Phoenix, AZ 85018-6230
      View Details
    • Value Estimation by Request
      0.46 Acres

      3017 38th St

      COMMERCIAL (GENERAL) • 0.46 Acres
      3017 38th St, Phoenix, AZ 85018-7008
      View Details
    • Value Estimation by Request
      0.33 Acres

      4848 42nd Pl

      COMMERCIAL (GENERAL) • 0.33 Acres
      4848 42nd Pl, Phoenix, AZ 85018-3722
      View Details
    • Value Estimation by Request
      1.12 Acres

      3401 Thomas Rd

      COMMERCIAL (GENERAL) • 1.12 Acres
      3401 Thomas Rd, Phoenix, AZ 85018-7469
      View Details
    • Value Estimation by Request
      0.59 Acres

      5601 Thomas Rd

      COMMERCIAL (GENERAL) • 0.59 Acres
      5601 Thomas Rd, Phoenix, AZ 85018-8116
      View Details

    Similar Nearby for Sale

    • $3,750,000
      1.30 Acres

      Prime Phoenix Development Land

      1.3-Acre Commercial Lot, R-5 Zoning
      5301 Thomas Rd, Phoenix, AZ 85018
      View Details
    • $2,000,000
      0.50 Acres

      Arcadia Office Complex - Phoenix

      Prime commercial space, high visibility
      4302 32Nd St, Phoenix, AZ 85018
      View Details
    • $1,490,000
      2,428 SF

      Arcadia Freestanding Building For Sale

      Freestanding building in Arcadia with Indian School frontage.
      3850 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      3,106 SF

      Freestanding Building with Drive-Thru

      3,106 SF freestanding building ideal for quick-service restaurants.
      4046 E Thomas Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      5,881 SF

      Phoenix Retail Suite For Sale

      Centrally located retail suite in Phoenix with high traffic counts.
      1920 W Camelback Rd, Phoenix, AZ 85018
      View Details
    • $11,600,000

      Arcadia Area Condos For Sale

      Eight high-end condos in Phoenix's Arcadia area, each with private elevator.
      4525 N 40Th St, Phoenix, AZ 85018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,756 SF

      Phoenix Retail Space: Camelback East Village

      Prime Phoenix Retail, 5,756 SF Available
      0 32Nd St, Phoenix, AZ 85018
      View Details
    • $21 SF/Yr
      11,400 SF

      Prime Phoenix Office Space Available

      Midtown Phoenix Office Building, 2,373 SF Available
      3313 Indian School Rd, Phoenix, AZ 85018
      View Details
    • $35 SF/Yr
      75,000 SF

      The Centre: Phoenix Office Space

      Class A Office Suites, Midtown Phoenix
      4440 32Nd St, Phoenix, AZ 85018
      View Details
    • $1.40 SF/Yr
      10,463 SF

      Industrial Space with I-10 Frontage

      Industrial space featuring offices, loading docks, and I-10 frontage.
      4100 S 38Th St, Phoenix, AZ 85018
      View Details
    • $2,000 /Mo

      Furnished Condo Near Old Town

      Sophisticated, fully furnished 2-bedroom condo with utilities included.
      5525 E Thomas Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      1,320 SF

      Arcadia Area Retail Space

      Retail space in prominent power center with strong tenant lineup.
      4535-4539 E Thomas Rd, Phoenix, AZ 85018
      View Details
    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.
    5635 Thomas Rd
    Phoenix, AZ 85018-8116
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.