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    1302 Indian School Rd Phoenix, AZ 85013-3110
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    1302 Indian School Rd Phoenix, AZ 85013-3110

    View on Map
    • Warehouses
    • 10,000 SF
    • 0.81 lot acres
    Off-Market
    Last Sale Aug 27, 2021
    Property ID
    US07-2505491
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,195,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Central Towing / Auto Repair Shop
    • Mike's Auto Repair / Auto Repair Shop
    • Swift Recovery Towing / Auto Repair Shop

    Property Details for 1302 Indian School Rd

    Year built
    1994
    Construction
    CONCRETE
    Lot size
    0.81 lot acres
    Property size
    10,000 SF
    Zone code
    C-1
    Property type
    Warehouses
    APN
    155-40-130B
    APU
    15540130B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,224,000
      Market price range: $1.35M - $4.38M
      AI Estimate
      $2,162,000
      Market price range: $1.27M - $4.29M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,595,000
      Current use
      RETAIL STORES
      $2,980,000
      Change: +15% Conversion: Moderate
      MEDICAL BUILDING
      $2,655,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $2,560,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,545,000
      Change: -2% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.089
    Latitude
    33.4954
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,774
    $0.00
    $0.00
    $186,154
    -
    $483,700
    $644,509
    $1,128,209

    Comparable in this City

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      62,772 SF

      717 Pierson St

      MINI-WAREHOUSE, STORAGE • 62,772 SF
      717 Pierson St, Phoenix, AZ 85013-2432
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    • Value Estimation
      $4,100,000
      24,210 SF

      555 Turney Ave

      WAREHOUSE, STORAGE • 24,210 SF
      555 Turney Ave, Phoenix, AZ 85013-2945
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    • Value Estimation by Request
      784 SF

      21 Camelback Rd

      WAREHOUSE, STORAGE • 784 SF
      21 Camelback Rd, Phoenix, AZ 85013
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    • Value Estimation
      $690,000
      5,250 SF

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      WAREHOUSE, STORAGE • 5,250 SF
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    • Value Estimation
      $1,355,000
      5,996 SF

      648 Hazelwood St

      WAREHOUSE, STORAGE • 5,996 SF
      648 Hazelwood St, Phoenix, AZ 85013-2727
      View Details
    • Value Estimation by Request
      2,000 SF

      716 Hazelwood St

      WAREHOUSE, STORAGE • 2,000 SF
      716 Hazelwood St, Phoenix, AZ 85013-2643
      View Details

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      Melrose District Retail Opportunity

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    • $600,000
      0.43 Acres

      Phoenix Vacant Lot Opportunity

      Large vacant lot in desirable Phoenix neighborhood.
      5704 N 11Th Ave, Phoenix, AZ 85013
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    • Contact for pricing
      1,680 SF

      450 W Indian School Rd, Phoenix, AZ 85013

      Retail space • 1,680 SF
      450 W Indian School Rd, Phoenix, AZ 85013
      View Details

    Similar Nearby for Lease

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      Multi-Tenant Office Spaces Available

      Office spaces for lease at 7th Ave & Indian School.
      550 W Indian School Rd, Phoenix, AZ 85013
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease at 333 W Thomas Road.
      333 W Thomas Rd, Phoenix, AZ 85013
      View Details
    • $22 SF/Yr
      1,782 SF

      Modern Office Space Available

      Office space with easy access and modernized features for rent.
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    • Contact for pricing
      2,036 SF

      Retail Space in High-Traffic Center

      Remodeled retail space in a high-traffic Phoenix shopping center.
      5825-5897 W Indian School Rd, Phoenix, AZ 85013
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 2,102 sq. ft.
      Northwest 7Th Ave, Phoenix, AZ 85013
      View Details
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    1302 Indian School Rd
    Phoenix, AZ 85013-3110
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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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