Financial
Distress signals
Property profile

8222 S 48Th St Phoenix, AZ 85044

FOR LEASE
Office buildings
Property ID
US07-0537401
117,345 SF 5.49 ac lot Built 1989
Last sale Dec 2021 · $16,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class B office building, located at 8222 S 48th Street in Phoenix, Arizona, offers 110,187 square feet of versatile executive office space. The property boasts a highly desirable location, directly adjacent to the Arizona Grand Golf Course and South Mountain Reserve Park, providing tenants with tranquil views and a peaceful work environment. The building is conveniently situated near the I-10 Freeway, offering easy access to Sky Harbor International Airport and a wide array

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$96k
Tax billed · 2023
Assessed value · 2024$2.57M
Effective rate3.74%

Value estimate

· Sep 2026
$22.98M
$20.68M – $25.27M
Sales comparison$20.24M
NOI build-up
Gross scheduled income$3.68M
Vacancy & credit loss−$945k
Operating expenses−$683k
NOI · 9,753,919.05% cap applied$2.05M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$167/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$73 – $286
Qualifying comparables8

Cap rate analysis

How does the asset earn?
9,753,919.05%
$2.05M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-O
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby r...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency42.4
Dental Office38.9
Building Supply38.1

Location

8222 S 48Th St Phoenix, AZ 85044
County assessor Recorded deeds · 10 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8211 48th, Phoenix, AZ 85044-5355 $5,101,000 Dec 2025 56,680 SF
4801 Thistle Lndg, Phoenix, AZ 85044-6459 $77,300,000 May 2024 104,360 SF
4809 Thistle Lndg, Phoenix, AZ 85044-6498 $77,300,000 May 2024 104,360 SF
4811 Thistle Lndg, Phoenix, AZ 85044-6469 $77,300,000 May 2024 94,208 SF
4805 Thistle Lndg, Phoenix, AZ 85044-6478 $77,300,000 May 2024 94,208 SF
15210 50th, Phoenix, AZ 85044-9131 $17,650,000 Jul 2022 68,464 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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