Sign Up Successful!
You now have access to more from Realmo!
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

    1617 Harvard St Phoenix, AZ 85006

    • Warehouses
    • 10,030 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2895936
    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

    • Warehouses

    Property Details for 1617 Harvard St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.37 lot acres
    Property size
    10,030 SF
    Zone code
    C-2
    Property type
    Warehouses
    APN
    117-05-055
    APU
    11705055

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,786,000
      Market price range: $1.36M - $4.39M
      AI Estimate
      $1,736,000
      Market price range: $1.28M - $4.30M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,605,000
      Current use
      MEDICAL BUILDING
      $2,660,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,555,000
      Change: -2% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,205,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.047
    Latitude
    33.4736
    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
    $12,109
    $0.00
    $0.00
    $149,507
    -
    $339,500
    $566,600
    $906,100

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      2009 Fillmore St

      WAREHOUSE, STORAGE • 1,500 SF
      2009 Fillmore St, Phoenix, AZ 85006
      View Details
    • Value Estimation
      $2,060,000
      4,752 SF

      716 Roosevelt St

      WAREHOUSE, STORAGE • 4,752 SF
      716 Roosevelt St, Phoenix, AZ 85006
      View Details
    • Value Estimation
      $580,000
      1,340 SF

      2348 Pierce St

      WAREHOUSE, STORAGE • 1,340 SF
      2348 Pierce St, Phoenix, AZ 85006-4215
      View Details
    • Value Estimation
      $1,345,000
      4,676 SF

      2124 Van Buren St

      WAREHOUSE, STORAGE • 4,676 SF
      2124 Van Buren St, Phoenix, AZ 85006-3942
      View Details
    • Value Estimation
      $1,515,000
      8,956 SF

      2202 Mcdowell Rd

      WAREHOUSE, STORAGE • 8,956 SF
      2202 Mcdowell Rd, Phoenix, AZ 85006-2432
      View Details
    • Value Estimation
      $2,350,000
      14,864 SF

      2122 Van Buren St

      WAREHOUSE, STORAGE • 14,864 SF
      2122 Van Buren St, Phoenix, AZ 85006-3942
      View Details

    Similar Nearby for Sale

    • $875,000
      2,941 SF

      Updated Warehouse Near Downtown Phoenix

      Turn-key warehouse with versatile space and convenient freeway access.
      1818 E Brill St, Phoenix, AZ 85006
      View Details
    • $1,500,000
      0.56 Acres

      1543 Van Buren St

      Retail properties • 5,000 SF
      1543 Van Buren St, Phoenix, AZ 85006
      View Details
    • Contact for pricing
      164,055 SF

      Manufacturing or Distribution Building

      164,055 SF manufacturing or distribution building with office space.
      3865 W Van Buren St, Phoenix, AZ 85006
      View Details
    • $539,999

      Remodeled Home with Detached Casita

      Remodeled 3-bedroom home with a separate 1-bedroom casita.
      2047 E Virginia Ave, Phoenix, AZ 85006
      View Details
    • $1,100,000
      Pending

      Phoenix Land in Historic District

      Two R-5 lots in a prime location.
      926 E Fillmore St, Phoenix, AZ 85006
      View Details
    • New
      $795,000

      Phoenix Multifamily Value-Add Opportunity

      Value-add multifamily investment in Phoenix with renovation upside.
      1318 E Culver St, Phoenix, AZ 85006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,953 SF

      Historic Flex Space in Phoenix

      Versatile space ideal for industrial, warehousing, office, or flex use.
      1401 E Van Buren St, Phoenix, AZ 85006
      View Details
    • Contact for pricing
      43,963 SF

      Phoenix Warehouse with Office Space

      43,963 SF warehouse with 15,000 SF office space.
      801 S 16Th St, Phoenix, AZ 85006
      View Details
    • $4,000 /Mo
      3,523 SF

      Air Conditioned Flex Warehouse Space

      3,523 SF flex warehouse with air conditioning for lease.
      1613 E Mckinley St, Phoenix, AZ 85006
      View Details
    • Contact for pricing
      31,739 SF

      Phoenix Warehouse with Secured Yard

      31,739 SF warehouse with secured yard near downtown Phoenix.
      2250 S 7Th St, Phoenix, AZ 85006
      View Details
    • Contact for pricing
      16,640 SF

      Phoenix Warehouse Space Available

      Warehouse space near downtown Phoenix and Sky Harbor Airport.
      2133 S 7Th St, Phoenix, AZ 85006
      View Details
    • Contact for pricing
      1,900 SF

      Phoenix Warehouse with Loading Door

      Warehouse space featuring restroom, foyer, and loading door.
      1801-1805 W Van Buren St, Phoenix, AZ 85006
      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.
    1617 Harvard St
    Phoenix, AZ 85006
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.