Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4150 12Th St Phoenix, AZ 85014

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Second Chance Rentals / Real Estate Rental Agency
    • Step-By-Step Transitional Living / Assisted Living Facility
    • Gold Creek / General Contractor

    Property Details for 4150 12Th St

    Property type
    Land

    Description

    This exceptional development opportunity presents a fully approved, permit-ready site for a 52-unit apartment complex in the heart of Phoenix, Arizona. Situated on a 55,678 sq ft lot (APN 155-16-075A) at 4150 N 12th St, 85014, this R5-zoned property boasts a central location, less than a mile from the 51 Freeway and a light rail station. The project features well-designed one-bedroom units, each including in-unit laundry and large walk-in closets. Amenities include a luxury pool, clubhouse, and outdoor spaces. The mid-century modern architectural design is highly sought-after in this rapidly developing area. Initial plans called for 44 units, but a revised plan for 52 units is ready for submission, with site preparation already completed to accommodate the larger project. Construction drawings for the 52-unit plan are available. Surface parking and wood-frame construction are incorporated to maintain cost-effectiveness. This presents a rare opportunity to develop a high-demand, affordable housing option in a prime location near Biltmore Fashion Park and 7th Street Restaurant Row. The asking price is $3,000,000.

    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
    -112.057
    Latitude
    33.4965

    Comparable in this City

    • Value Estimation by Request

      4325 Longview Ave

      Land
      4325 Longview Ave, Phoenix, AZ 85014
      View Details
    • Value Estimation by Request

      4145 8Th St

      Land
      4145 8Th St, Phoenix, AZ 85014
      View Details
    • Value Estimation by Request
      2,530 SF

      6239 14Th St

      Multifamily properties • 2,530 SF
      6239 14Th St, Phoenix, AZ 85014
      View Details
    • Value Estimation by Request

      720 Montecito Ave

      Multifamily properties
      720 Montecito Ave, Phoenix, AZ 85014
      View Details
    • Value Estimation by Request
      0.39 Acres

      901 Claremont St

      Multifamily properties • 0.39 Acres
      901 Claremont St, Phoenix, AZ 85014
      View Details
    • Value Estimation by Request
      2,380 SF

      6225 10Th Pl

      Multifamily properties • 2,380 SF
      6225 10Th Pl, Phoenix, AZ 85014
      View Details

    Similar Nearby for Sale

    • $639,000
      1,820 SF

      Updated Home in North Central Phoenix

      Updated 3-bedroom home with modern amenities in a sought-after community.
      710 E Tuckey Ln, Phoenix, AZ 85014
      View Details
    • $1,115,000

      Phoenix Fourplex Investment Opportunity

      Four-unit property near Biltmore with income potential and no HOA.
      3422 N 12Th Pl, Phoenix, AZ 85014
      View Details
    • New
      $999,000

      Phoenix Multifamily Investment Opportunity

      Polished 5-unit property in prime Phoenix location.
      4450 N Longview Ave, Phoenix, AZ 85014
      View Details
    • $1,975,000

      New Phoenix Fourplex Investment Opportunity

      Fully leased, new construction fourplex in central Phoenix.
      4307 N 13Th Pl, Phoenix, AZ 85014
      View Details
    • $949,500

      Updated Tri-Plex in Uptown Phoenix

      Updated tri-plex in Uptown Phoenix, ideal for investors.
      6239 N 14Th St, Phoenix, AZ 85014
      View Details
    • $560,000
      1,852 SF

      Updated Townhome with Mountain Views

      Tastefully updated 3-bedroom townhome in a coveted Phoenix location.
      6518 N 12Th Pl, Phoenix, AZ 85014
      View Details

    Similar Nearby for Lease

    • $2,164 /Mo
      1,258 SF

      Luxury Townhome in Central Phoenix

      New townhome with modern amenities, convenient location in Phoenix.
      4435 N Longview Ave, Phoenix, AZ 85014
      View Details
    • $1,650 /Mo

      Remodeled Condo in Central Phoenix

      Remodeled 2 bed, 2 bath ground unit condo for rent.
      5303 N 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Midtown Phoenix Land Opportunity

      Land for rent in revitalized Midtown Phoenix.
      4001 N 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Retail Land For Lease

      Retail land available for lease in a dense trade area.
      710 W Camelback Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      Long-term ground lease available, build-to-suit opportunity.
      4641 W Indian School Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      79,316 SF

      Phoenix Retail Space for Lease

      Prime Phoenix Salon Space Available
      5555 7Th St, Phoenix, AZ 85014
      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.
    4150 12Th St
    Phoenix, AZ 85014
    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.