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

    202 Van Buren St Phoenix, AZ 85003-1625

    • Auto shops
    • 9,800 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $2,715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1180867
    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

    • Sun Devil Auto / Auto Repair Shop

    Property Details for 202 Van Buren St

    Year built
    1931
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Property size
    9,800 SF
    Zone code
    DTC-BCORE
    Property type
    Auto shops
    APN
    111-42-003
    APU
    11142003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,778,000
      Market price range: $1.84M - $7.12M
      AI Estimate
      $2,653,000
      Market price range: $1.66M - $6.75M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,140,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.077
    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
    $16,511
    $0.00
    $0.00
    $251,354
    -
    $1,120,000
    $403,356
    $1,523,356

    Comparable in this City

    • Value Estimation
      $1,140,000
      4,000 SF

      322 Van Buren St

      AUTO REPAIR, GARAGE • 4,000 SF
      322 Van Buren St, Phoenix, AZ 85003-1627
      View Details
    • Value Estimation
      $600,000
      2,192 SF

      501 Granada Rd

      AUTO REPAIR, GARAGE • 2,192 SF
      501 Granada Rd, Phoenix, AZ 85003-1154
      View Details
    • Value Estimation
      $8,725,000
      34,160 SF

      302 Van Buren St

      AUTO REPAIR, GARAGE • 34,160 SF
      302 Van Buren St, Phoenix, AZ 85003-1627
      View Details
    • Value Estimation
      $590,000
      3,300 SF

      1724 1st Ave

      AUTO REPAIR, GARAGE • 3,300 SF
      1724 1st Ave, Phoenix, AZ 85003-2839
      View Details
    • Value Estimation by Request
      1,904 SF

      601 Watkins Rd

      AUTO REPAIR, GARAGE • 1,904 SF
      601 Watkins Rd, Phoenix, AZ 85003-2833
      View Details
    • Value Estimation
      $32,720,000
      53,459 SF

      400 2nd Ave

      PARKING GARAGE, PARKING STRUCTURE • 53,459 SF
      400 2nd Ave, Phoenix, AZ 85003-3500
      View Details

    Similar Nearby for Sale

    • $3,300,000
      13,850 SF

      Prime Location Redevelopment Opportunity

      Redevelopment opportunity in a rapidly growing urban district.
      122-126 E Washington St, Phoenix, AZ 85003
      View Details
    • Contact for pricing
      2,000 SF

      Office Space with Freeway Access

      Office space with private offices, parking, and freeway access.
      621 N 5Th Ave, Phoenix, AZ 85003
      View Details
    • Contact for pricing
      3,433 SF

      Downtown Phoenix Remodeled Office Building

      3,433 SF remodeled office building in prime downtown location.
      394 N 3Rd Ave, Phoenix, AZ 85003
      View Details
    • $1,300,000

      Industrial Space Near Maricopa Freeway

      Industrial building for sale, approximately 6,464 SF, convenient location.
      1808 South 1St Ave, Phoenix, AZ 85003
      View Details
    • New
      $889,900
      3,417 SF

      Downtown Phoenix Triplex Opportunity

      New development triplex in Downtown Phoenix Opportunity Zone.
      410 W Hadley St, Phoenix, AZ 85003
      View Details
    • $1,155,000

      Land in Roosevelt Row District

      Commercial land near Roosevelt Row Arts District, Phoenix, Arizona.
      833 N 2Nd Ave, Phoenix, AZ 85003
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building in Downtown Phoenix

      Retail space for lease in central Phoenix location.
      530 W Adams St, Phoenix, AZ 85003
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Roosevelt Row

      Retail opportunity in Phoenix's Roosevelt Row neighborhood.
      214 E Roosevelt St, Phoenix, AZ 85003
      View Details
    • Contact for pricing
      2,070 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and daytime population.
      132 W Mcdowell Rd, Phoenix, AZ 85003
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Development

      Retail space available in new Class-A urban mixed-use development.
      801 N 1St Ave, Phoenix, AZ 85003
      View Details
    • Contact for pricing

      Historic Downtown Phoenix Office Space

      Historic skyscrapers offering office and retail space in downtown Phoenix.
      45 W Jefferson St, Phoenix, AZ 85003
      View Details
    • $17 SF/Yr
      7,310 SF

      Downtown Phoenix Flex Space

      7,310 SF Office/Retail, High Visibility
      323 Mcdowell Rd, Phoenix, AZ 85003
      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.
    202 Van Buren St
    Phoenix, AZ 85003-1625
    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!