Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1911 Bethany Home Rd Phoenix, AZ 85015
    Back to Search
    Property profile & analytics

    1911 Bethany Home Rd, Phoenix, AZ 85015

    View on Map
    • Bowling alleys
    • 45,970 SF
    • 3.76 lot acres
    Off-Market
    Property ID
    US07-2251043
    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
    $37,235,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bowling alleys

    Property Details for 1911 Bethany Home Rd

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    3.76 lot acres
    Zone code
    C-2
    Property type
    Bowling alleys
    APN
    153-08-079P
    APU
    15308079P

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2019 $7,037,333 Istar Bowling Centers II LP Amf Bowling Centers INC Grant Deed —
    Nov 1, 2016 $4,250,000 Amf Bowling Centers INC University Of Chicago Grant Deed —
    Apr 15, 2016 — University Of Chicago Greenberg Realty Corp Grant Deed · related —
    Jun 4, 1998 — Greenberg Realty Corp Commonwealth Leasing Corp Quit Claim Deed · related —
    — — Greenberg Realty Corp — Deed Of Trust · related —
    — — Greenberg Realty Corp — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $50,492,000
      Market price range: $4.77M - $368M
      AI Estimate
      $23,973,000
      Market price range: $3.71M - $234M

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.101
    Latitude
    33.5236
    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
    $78,905
    $0.00
    $0.00
    $1,030,426
    -
    $3,848,700
    $2,396,305
    $6,245,005

    Comparable in this City

    • Value Estimation by Request
      32.65 Acres

      6215 15th Ave

      GOLF COURSE
      6215 15th Ave, Phoenix, AZ 85015-2002
      View Details
    • Value Estimation
      $1,480,000
      240 SF

      1815 Camelback Rd

      GOLF COURSE
      1815 Camelback Rd, Phoenix, AZ 85015
      View Details
    • Value Estimation
      $1,480,000
      240 SF

      1825 Montebello Ave

      GOLF COURSE
      1825 Montebello Ave, Phoenix, AZ 85015
      View Details
    • Value Estimation by Request
      0.46 Acres

      2021 Turney Ave

      COMMERCIAL (GENERAL)
      2021 Turney Ave, Phoenix, AZ 85015-4626
      View Details
    • Value Estimation by Request
      0.21 Acres

      Phoenix, AZ 85015

      VACANT COMMERCIAL LAND
      Phoenix, AZ 85015
      View Details
    • Value Estimation by Request
      0.22 Acres

      4808 17th Ave

      VACANT COMMERCIAL LAND
      4808 17th Ave, Phoenix, AZ 85015
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Rental Community in Phoenix

      Renovated apartment community with operational upside in West Phoenix.
      6535 N 17Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      73,532 SF

      Medical Office Building For Sale

      Four-story medical office building in Phoenix Opportunity Zone.
      5501 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      2,453 SF

      Parkwood Professional Plaza Suites

      Office and medical suites for sale or lease.
      5501 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      Pending

      Phoenix Land Parcel For Sale

      4.5 acre parcel with C3 and R1-4 zoning.
      2401-2435 W Indian School Rd, Phoenix, AZ 85015
      View Details
    • Contact for pricing

      Retail Center with Upcoming Improvements

      Retail property with high traffic and planned upgrades.
      W Camelback Rd, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      1,811 SF

      Phoenix Office Building For Sale

      Office building with high visibility and strong traffic counts.
      2204-2206 W Indian School Rd, Phoenix, AZ 85015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,002 SF

      Spacious Commercial Property in Phoenix

      43,002 SF commercial space with classrooms, gym, and playground.
      5050 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • $12 SF/Yr

      Phoenix Office Space For Lease

      Move-in ready office suites with easy access to Phoenix amenities.
      3120 N 19Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      3,000 SF

      Dominant Phoenix Shopping Center Space

      Retail space available in a well-anchored Phoenix shopping center.
      1703-1751 W Bethany Home Rd, Phoenix, AZ 85015
      View Details
    • $25 SF/Yr
      2,636 SF

      Renovated Medical Office Space

      Recently renovated medical office space in the Camelback corridor.
      5040 North 15Th Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      1,760 SF

      Phoenix Industrial Space For Rent

      Accessible industrial space near I-17 and Metro Light Rail.
      2045 W Glendale Ave, Phoenix, AZ 85015
      View Details
    • Contact for pricing
      1,560 SF

      Retail Space with Upgrades

      Retail property for lease with planned upgrades and high visibility.
      1615 W Camelback Rd, Phoenix, AZ 85015
      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.
    1911 Bethany Home Rd
    Phoenix, AZ 85015
    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

    Thank You for Inquiry
    1911 Bethany Home Rd, Phoenix, AZ, 85015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!