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

    1520 Indianola Ave Phoenix, AZ 85014-5129

    • Specialty properties
    • 20,722 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1303377
    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

    • Phoenix Electrical JATC Apprenticeship Program / Training Center

    Property Details for 1520 Indianola Ave

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    1.32 lot acres
    Property size
    20,722 SF
    Zone code
    R-3
    Property type
    Specialty properties
    APN
    118-01-109
    APU
    11801109

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $72,169,000
      Market price range: $6.23M - $418M
      AI Estimate
      $64,056,000
      Market price range: $5.09M - $403M

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.049
    Latitude
    33.4925
    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
    $680,640
    -
    $1,419,200
    $3,118,398
    $4,537,598

    Comparable in this City

    • Value Estimation
      $12,285,000
      3,737 SF

      4175 9th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,737 SF
      4175 9th St, Phoenix, AZ 85014-4778
      View Details
    • Value Estimation
      $49,700,000
      15,120 SF

      4040 14th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 15,120 SF
      4040 14th St, Phoenix, AZ 85014-4917
      View Details
    • Value Estimation
      $24,690,000
      2,478 SF

      6333 12th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,478 SF
      6333 12th St, Phoenix, AZ 85014-1308
      View Details
    • Value Estimation
      $2,750,000
      837 SF

      1320 Highland Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 837 SF
      1320 Highland Ave, Phoenix, AZ 85014-3731
      View Details
    • Value Estimation
      $1,105,000
      2,975 SF

      1401 Thomas Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,975 SF
      1401 Thomas Rd, Phoenix, AZ 85014-5722
      View Details
    • Value Estimation
      $42,095,000
      12,806 SF

      6306 7th St

      CHARITABLE ORGANIZATION • 12,806 SF
      6306 7th St, Phoenix, AZ 85014-1549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,313 SF

      NNN Leased Investment Opportunity

      NNN leased Dollar Tree with rental increases and renewal options.
      1240 East Indian School Rd, Phoenix, AZ 85014
      View Details
    • $994,001

      Phoenix NNN Investment Opportunity

      Single tenant NNN property in central Phoenix location.
      4601 N 12Th St, Phoenix, AZ 85014
      View Details
    • $475,000
      744 SF

      Phoenix Multi-Unit Income Property

      Income-producing property with single-family home and two studio apartments.
      3810 N 9Th Pl, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      8,500 SF

      Phoenix Office Building For Sale

      8,500 SqFt office building available in Phoenix, Arizona.
      714 E Rose Ln, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      4,122 SF

      Freestanding Restaurant Building For Rent

      Restaurant building with frontage on Camelback Rd, available July 2025.
      1534 W Camelback Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      8,076 SF

      Turnkey Restaurant Near Biltmore Corridor

      Upscale restaurant with extensive FF&E on high-traffic Camelback Rd.
      1041 E Camelback Rd, Phoenix, AZ 85014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      AZ, Phoenix- N 12th St

      Workspaces, services and support to help you work better in MD, Beltsville - Powder Mill Rd
      4641 12Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Retail Space in Neighborhood Center

      Retail space available in neighborhood center off Missouri Ave.
      5555 N 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Retail Land For Lease

      Retail land available for lease in a dense trade area.
      710 W Camelback Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Phoenix Office Space For Rent

      Office space available in a vibrant Phoenix location.
      3770 N 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease at 16th St & Bethany Home.
      1480 E Bethany Home Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Office Space in Midtown Phoenix

      Office space available for lease in Midtown Central Phoenix.
      4408 N 12Th St, Phoenix, AZ 85014
      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.
    1520 Indianola Ave
    Phoenix, AZ 85014-5129
    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!