Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1510 19th Dr Phoenix, AZ 85009-6540

    • Office buildings
    • 10,910 SF
    • 37.75 lot acres
    OFF-MARKET
    Value Estimations
    $19,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1297539
    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.

    Current Use by Public Records

    • Coffelt-Lamoreaux Recreation Center / Family Recreation Center
    • coffelt-lamoreaux homes - apartments in phoenix, az / Real Estate Agency
    • Coffelt-Lamoreaux Park Apartment homes / Housing Complex
    • Wesley Health Center at Coffelt-Lamoreaux / Community Health Centre
    • Coffelt / Community Health Centre / Health Care Facility

    Property Details for 1510 19th Dr

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    37.75 lot acres
    Property size
    10,910 SF
    Zone code
    R-3
    Property type
    Office buildings
    APN
    105-05-005A
    APU
    10505005A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,635,000
      Market price range: $5.11M - $19.6M
      AI Estimate
      $19,635,000
      Market price range: $5.11M - $19.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.102
    Latitude
    33.4334
    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
    $0.00
    $0.00
    $0.00
    $7,660,125
    -
    $10,213,500
    $40,854,000
    $51,067,500

    Comparable in this City

    • Value Estimation by Request
      1,008 SF

      2142 Grant St

      OFFICE BUILDING • 1,008 SF
      2142 Grant St, Phoenix, AZ 85009
      View Details
    • Value Estimation
      $38,755,000
      69,859 SF

      2801 Durango St

      OFFICE BUILDING • 69,859 SF
      2801 Durango St, Phoenix, AZ 85009-6356
      View Details
    • Value Estimation by Request
      540 SF

      2522 Mcdowell Rd

      OFFICE BUILDING • 540 SF
      2522 Mcdowell Rd, Phoenix, AZ 85009-2907
      View Details
    • Value Estimation
      $1,395,000
      2,103 SF

      1910 Jefferson St

      OFFICE BUILDING • 2,103 SF
      1910 Jefferson St, Phoenix, AZ 85009-5223
      View Details
    • Value Estimation
      $3,380,000
      2,000 SF

      2626 Holly St

      OFFICE BUILDING • 2,000 SF
      2626 Holly St, Phoenix, AZ 85009-2607
      View Details
    • Value Estimation by Request
      250 SF

      2836 Mcdowell Rd

      OFFICE BUILDING • 250 SF
      2836 Mcdowell Rd, Phoenix, AZ 85009
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,390 SF

      Freestanding Office Building in Phoenix

      Two-story office building for sale in Midtown Phoenix.
      1622 N Black Canyon Hwy, Phoenix, AZ 85009
      View Details
    • $12,081,356

      Phoenix Office Space Available

      Office building with approximately 10,000 square feet of space.
      1911 North 22Nd Ave, Phoenix, AZ 85009
      View Details
    • $12,500,000
      40,620 SF

      Phoenix Medical/Educational Facility For Sale

      Medical and educational facility with lease and investment opportunities.
      15601 N 28Th Ave, Phoenix, AZ 85009
      View Details
    • $800,000

      Historic Phoenix Building with Units

      Historic 4,144 SF building with 7 units in Phoenix.
      2021 W Washington St, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      8,000 SF

      Phoenix Industrial Flex Property For Sale

      Industrial flex property in Phoenix, suitable for various business uses.
      723 S 37Th Ave, Phoenix, AZ 85009
      View Details
    • $500,000

      Prime Phoenix Commercial Land

      59,273 SF Lot, I-10 Access
      1530 43Rd Ave, Phoenix, AZ 85009
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,530 SF

      Prime Phoenix Retail Space

      West Phoenix Office & Retail Shops
      835 43Rd Ave, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      217,800 SF

      Southwest Phoenix Industrial Land

      5-Acre Industrial Lot, 217,800 SF
      3420 35Th Ave, Phoenix, AZ 85009
      View Details
    • $1.00 SF/Yr
      4,360 SF

      Phoenix Warehouse with Grade Level Door

      Industrial warehouse space featuring a grade level door and convenient access.
      2739 W Palm Ln, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      850,000 SF

      Prime Warehouse Space Available

      Large Industrial Warehouse, Multiple Suites
      625 27Th Ave, Phoenix, AZ 85009
      View Details
    • $1.00 SF/Yr
      4,000 SF

      Industrial Warehouse Space Available

      4,000 SF warehouse space for lease near I-10 and I-17.
      2745 N 28Th Ave, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      2,448 SF

      Industrial Warehouse Space Available

      Industrial warehouse space featuring overhead doors and truckwells for lease.
      2633 N 37Th Ave, Phoenix, AZ 85009
      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.
    1510 19th Dr
    Phoenix, AZ 85009-6540
    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.
    Sign Up Successful!
    You now have access to more from Realmo!