Property profile

1200 40th St Phoenix, AZ 85008

OFF-MARKET
Office Spaces
Property ID
US07-1440643
494,960 SF Built 2022
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2022
Total area 494,960 SF
APN 121-01-639
UPID US07-1440643

Cap rate & NOI

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

Location

1200 40th St Phoenix, AZ 85008-5407
Phoenix metro Census 113601 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
$484.65M
Blend (final) Blend
$436.16M

Owner & transaction history

since 2024
6 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2023
Price N/A
2023
Price N/A
2023
Price N/A

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
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