Property profile

10232 51st St Phoenix, AZ 85044

OFF-MARKET
Flex space
Property ID
US07-0099414
33,123 SF 2.66 ac lot Built 1985
Entity Owned 10-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1985
Construction CONCRETE
Total area 33,123 SF
Lot 2.66 ac (115,913 SF)
Zoning code IND.PK.
APN 301-41-350
UPID US07-0099414

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Health Medical Clinic

Location

10232 51st St Phoenix, AZ 85044-5205
Phoenix metro Census 116709 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.08M
Blend (final) Blend
$905k

Owner & transaction history

since 2015
7 recorded transactions
2015
Price N/A
2011
Price N/A
2007
$9.7M
2007
$5.0M
2007
$9.3M
2006
Price N/A
2005
$4.2M

Zoning & alternative use

IND.PK. · Phoenix, AZ
Top alternative use upside
Auto repair, garage $14.0M +92.1%
Retail stores $9.9M +35.5%
Medical building $8.8M +20.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10232 51st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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