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    4216 Bethany Home Rd Phoenix, AZ 85019
    Property profile & analytics

    4216 Bethany Home Rd Phoenix, AZ 85019

    View on Map
    • Restaurants
    • 100,260 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Princesa / Hotel & Motel / Resort

    Property Details for 4216 Bethany Home Rd

    Property size
    100,260 SF
    Property type
    Restaurants
    Property subtype
    Office properties & Spaces

    Description

    Bethany Square Shopping Center, located at 4216 W Bethany Home Rd, Phoenix, AZ 85019, offers a diverse range of commercial spaces for lease. This Class C property boasts a total of 100,260 square feet, encompassing office, industrial, and restaurant uses. The flexible layout allows for multiple tenants, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 21,386 square feet. Currently, there are 19,542 square feet of vacant space available, providing ample opportunity for businesses seeking expansion or relocation. The building features a 14-foot ceiling height, providing excellent vertical space. The property is zoned C-2, Phoenix, within Maricopa County, and is ideally suited for medical offices and flex-use businesses. This prime location offers excellent visibility and accessibility, making it an attractive option for a variety of commercial enterprises. Interested parties should inquire about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.151
    Latitude
    33.5245

    Comparable in this City

    • Value Estimation
      $1,600,000
      5,168 SF

      3660 Bethany Home Rd

      MEDICAL BUILDING • 5,168 SF
      3660 Bethany Home Rd, Phoenix, AZ 85019-1953
      View Details
    • Value Estimation
      $1,365,000
      6,300 SF

      3540 Camelback Rd

      DENTAL BUILDING • 6,300 SF
      3540 Camelback Rd, Phoenix, AZ 85019-2707
      View Details
    • Value Estimation
      $620,000
      2,355 SF

      3902 Camelback Rd

      MEDICAL BUILDING • 2,355 SF
      3902 Camelback Rd, Phoenix, AZ 85019-5824
      View Details
    • Value Estimation
      $5,730,000
      49,640 SF

      3801 40th Ave

      LIGHT INDUSTRIAL • 49,640 SF
      3801 40th Ave, Phoenix, AZ 85019
      View Details
    • Value Estimation
      $1,515,000
      7,040 SF

      3835 Clarendon Ave

      LIGHT INDUSTRIAL • 7,040 SF
      3835 Clarendon Ave, Phoenix, AZ 85019-3717
      View Details
    • Value Estimation
      $2,435,000
      13,960 SF

      3602 Osborn Rd

      LIGHT INDUSTRIAL • 13,960 SF
      3602 Osborn Rd, Phoenix, AZ 85019-4053
      View Details

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    • Contact for pricing
      2,078 SF

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      Harquahala Valley Land For Sale

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      Bethany Home Road Commercial Land

      0.67 acre corner property with seller financing available.
      4101 W Bethany Home Rd, Phoenix, AZ 85019
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    Similar Nearby for Lease

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      Renovated Industrial Flex Space

      Renovated industrial warehouses with excellent access and versatile zoning.
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      2,748 SF

      Industrial Office/Warehouse Building For Rent

      2,748 SF industrial office/warehouse building on 1.90 AC site.
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      1,792 SF

      Arcadia Restaurant Space Available

      Restaurant space in the heart of Arcadia for lease.
      3701-3717 E Indian School Rd, Phoenix, AZ 85019
      View Details
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      1,770 SF

      Retail and Office Space Available

      Retail and office spaces in central Phoenix location for rent.
      3601-3627 E Indian School Rd, Phoenix, AZ 85019
      View Details
    • Contact for pricing
      20,000 SF

      Office Space with Mountain Views

      Office space with exclusive amenities and convenient parking.
      4210 E Camelback Rd, Phoenix, AZ 85019
      View Details
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      10,000 SF

      Phoenix Industrial Property with Yard

      10,000 SF industrial space with fenced yard for lease.
      3811 W Indian School Rd, Phoenix, AZ 85019
      View Details
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    Phoenix, AZ 85019
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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.

    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
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    4216 Bethany Home Rd, Phoenix, AZ, 85019
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