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

    1708 Van Buren St Phoenix, AZ 85007-2418

    • Office buildings
    • 1,255 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2022
    $440,000
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    4.4%
    Office buildings
    Location Intelligence
    Property ID
    US07-2679300
    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

    • Landgrave Mexican Imports Iron Gates / Contractor
    • 2nd Chance Automotive Group Phoenix Used Car Dealer Truck, SUV, Sedan, Coupes / Used Car Dealer

    Property Details for 1708 Van Buren St

    Year built
    1920
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    1,255 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    111-24-049
    APU
    11124049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $355,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $638,000
      Market price range: $265k - $639k
      AI Estimate
      $638,000
      Market price range: $265k - $639k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $480,000
      Current use
      AUTO REPAIR, GARAGE
      $530,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.096
    Latitude
    33.4516
    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
    $4,383
    $0.00
    $0.00
    $67,908
    -
    $321,700
    $89,865
    $411,565

    Comparable in this City

    • Value Estimation by Request
      8,069 SF

      109 10th Ave

      OFFICE BUILDING • 8,069 SF
      109 10th Ave, Phoenix, AZ 85007
      View Details
    • Value Estimation by Request
      91,920 SF

      210 12th Ave

      OFFICE BUILDING • 91,920 SF
      210 12th Ave, Phoenix, AZ 85007-3101
      View Details
    • Value Estimation by Request
      58,820 SF

      206 17th Ave

      OFFICE BUILDING • 58,820 SF
      206 17th Ave, Phoenix, AZ 85007-3213
      View Details
    • Value Estimation by Request
      8,775 SF

      1800 Watkins St

      OFFICE BUILDING • 8,775 SF
      1800 Watkins St, Phoenix, AZ 85007-4410
      View Details
    • Value Estimation by Request
      144,015 SF

      250 7th Ave

      OFFICE BUILDING • 144,015 SF
      250 7th Ave, Phoenix, AZ 85007-2753
      View Details
    • Value Estimation by Request
      4,018 SF

      1801 Madison St

      OFFICE BUILDING • 4,018 SF
      1801 Madison St, Phoenix, AZ 85007
      View Details

    Similar Nearby for Sale

    • $2,375,000
      12,500 SF

      Phoenix Office/Flex Building For Sale

      12,500 SF office/flex building in Phoenix, Arizona.
      713-735 Grand Ave, Phoenix, AZ 85007
      View Details
    • $389,900
      1,500 SF

      Single Tenant Office Building

      Single tenant office building near St. Joseph’s Hospital Camp.
      2721 N 7Th Ave, Phoenix, AZ 85007
      View Details
    • $349,000
      3,152 SF

      Freestanding Building with Fenced Yard

      3,152 SF building on a 27,000 SF lot.
      517 S 17Th Ave, Phoenix, AZ 85007
      View Details
    • $1,859,000
      5,720 SF

      Phoenix Office Building Near Capitol

      Office building adjacent to Arizona State Capitol with flexible zoning.
      1835 W Adams St, Phoenix, AZ 85007
      View Details
    • $4,615,000
      29,212 SF

      Phoenix Executive Office Complex

      Historic Armory: Multi-Tenant Investment
      1614 Roosevelt St, Phoenix, AZ 85007
      View Details
    • $1,350,000
      4,800 SF

      Phoenix Industrial Property For Sale

      4,800 SF industrial property available in Phoenix, Arizona.
      1825 W Grant St, Phoenix, AZ 85007
      View Details

    Similar Nearby for Lease

    • $5,209,800
      2,624 SF

      Phoenix Office Space for Rent

      Office space featuring polished concrete floors and on-site parking.
      1614 W Roosevelt St, Phoenix, AZ 85007
      View Details
    • Contact for pricing
      9,583 SF

      Downtown Phoenix Warehouse/Retail/Office Space

      Warehouse, retail, and office spaces available for lease in Phoenix.
      1805 W Van Buren St, Phoenix, AZ 85007
      View Details
    • Contact for pricing
      23,565 SF

      Phoenix Office Space for Rent

      Office space available in Phoenix with negotiable tenant improvements.
      1717 E Grant St, Phoenix, AZ 85007
      View Details
    • $4,250 /Mo
      1,885 SF

      Phoenix Office with Storage Yard

      Office building with storage yard near Downtown Phoenix and airport.
      1309 W Lincoln St, Phoenix, AZ 85007
      View Details
    • Contact for pricing
      1,963 SF

      Versatile Commercial Suites Available

      Flexible suites for office, retail, restaurant, and warehouse uses.
      1008 E Buckeye Rd, Phoenix, AZ 85007
      View Details
    • Contact for pricing

      Phoenix Land For Lease

      Land available for lease in Phoenix, Arizona.
      6030 W Buckeye Rd, Phoenix, AZ 85007
      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.
    1708 Van Buren St
    Phoenix, AZ 85007-2418
    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.