Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2009 Ironwood Dr Phoenix, AZ 85021-1918
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2009 Ironwood Dr Phoenix, AZ 85021-1918

    View on Map
    • Warehouses
    • 3,834 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US07-1365341
    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
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TM Quartz & Granite Countertops Phoenix / Kitchen & Bath Showroom / Interior Design
    • Gregory & Associates / Industrial Manufacturer / Production Facility

    Property Details for 2009 Ironwood Dr

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Property size
    3,834 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    149-62-025
    APU
    14962025

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $886,000
      Market price range: $519k - $1.68M
      AI Estimate
      $862,000
      Market price range: $489k - $1.64M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $995,000
      Current use
      OFFICE BUILDING
      $1,390,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $1,140,000
      Change: +15% Conversion: Moderate
      MEDICAL BUILDING
      $1,020,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $975,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.102
    Latitude
    33.5755
    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
    2022
    $3,828
    $0.00
    $0.00
    $74,217
    -
    $120,200
    $329,600
    $449,800

    Comparable in this City

    • Value Estimation
      $31,800,000
      99,770 SF

      10425 25th Ave

      MINI-WAREHOUSE, STORAGE • 99,770 SF
      10425 25th Ave, Phoenix, AZ 85021-1611
      View Details
    • Value Estimation
      $21,995,000
      130,940 SF

      2045 Northern Ave

      MINI-WAREHOUSE, STORAGE • 130,940 SF
      2045 Northern Ave, Phoenix, AZ 85021-5157
      View Details
    • Value Estimation
      $545,000
      3,500 SF

      9240 11th Ave

      WAREHOUSE, STORAGE • 3,500 SF
      9240 11th Ave, Phoenix, AZ 85021
      View Details
    • Value Estimation
      $2,485,000
      10,440 SF

      9609 21st Dr

      WAREHOUSE, STORAGE • 10,440 SF
      9609 21st Dr, Phoenix, AZ 85021-1896
      View Details
    • Value Estimation
      $510,000
      2,320 SF

      9203 11th Ave

      STORAGE YARD, OPEN STORAGE • 2,320 SF
      9203 11th Ave, Phoenix, AZ 85021-3014
      View Details
    • Value Estimation
      $1,470,000
      3,600 SF

      1960 Wn Ln

      WAREHOUSE, STORAGE • 3,600 SF
      1960 Wn Ln, Phoenix, AZ 85021-1925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,400 SF

      Industrial Lot Near I-17 Freeway

      Secured industrial lot with development potential near I-17.
      9222 N 14Th Ave, Phoenix, AZ 85021
      View Details
    • $1,800,000
      16,000 SF

      Phoenix Industrial Building with Yard

      16,000 SF industrial building with secure yard for sale.
      9211 N 9Th Ave, Phoenix, AZ 85021
      View Details
    • $710,000
      4,079 SF

      Tri-Level Office Building in Phoenix

      Office and warehouse space with distinctive architectural features.
      351 W Hatcher Rd, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      1,044 SF

      Phoenix Warehouse Unit For Sale

      Warehouse unit for sale featuring oversized doors and controlled access.
      1635 W Palmer Dr, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      20,715 SF

      Phoenix Warehouse with Air Conditioning

      Air-conditioned warehouse in Phoenix, ideal for manufacturing.
      9619 N 21St Dr, Phoenix, AZ 85021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,315 SF

      Renovated Warehouse Space Available

      Modern warehouse space with excellent access to transportation routes.
      2440 W Mission Ln, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      3,496 SF

      Renovated Warehouse Space Available

      Modern warehouse space with excellent access to transportation routes.
      2340 W Mission Ln, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      1,440 SF

      Industrial Suites with I-17 Access

      Air-conditioned industrial suites with roll-up doors and I-17 access.
      2225 W Mountain View Rd, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      3,250 SF

      Renovated Warehouse Space Available

      Warehouse space for rent with modern finishes and freeway access.
      2331 W Royal Palm Rd, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      921 SF

      Renovated Warehouse Space Available

      Modern warehouse space with excellent freeway access for lease.
      8146 N 23Rd Ave, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      77,182 SF

      Industrial Space Near Interstate 17

      Industrial space available near I-17 and Loop 101 freeways.
      24510 N 20Th Dr, Phoenix, AZ 85021
      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.
    2009 Ironwood Dr
    Phoenix, AZ 85021-1918
    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!