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    205 S 29Th St Phoenix, AZ 85034
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    Property profile & analytics

    205 S 29Th St, Phoenix, AZ 85034

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    • Industrial properties
    • 40,815 SF
    • 3.00 lot acres
    For Lease
    $1.00 SF/Yr
    View Listing →
    Phoenix Warehouse Space Available For Lease
    $1.00 SF/Yr
    10,000 SF

    Phoenix Warehouse Space Available

    Warehouse space near Loop 202 and I-10 interchanges.

    205 S 29th St, Phoenix, AZ
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    Property ID
    US07-0825164
    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
    $5,960,000
    Cap Rate Potential
    3.7%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • JT Thorpe / Construction Company / General Contractor
    • Pad Dumpster Rentals Now of Phoenix / General Contractor / Waste Management Facility

    Property Details for 205 S 29Th St

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    3.00 lot acres
    Zone code
    A-1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    121-60-010
    APU
    12160010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2025 — Sl Industrial LP Sl Industrial Sunbelt LP Special Warranty Deed —
    Aug 7, 2023 — Sl Industrial Sunbelt LP Sl Industrial Acquisition LP Intrafamily Transfer · related —
    May 5, 2022 $6,000,000 Sl Industral Acquisition LP Jury & Associates LLC Special Warranty Deed —
    Mar 30, 2018 $2,230,000 Jury & Associates LLC Jlj Real Estate INC Grant Deed $1.8M · Bank Of The West
    Feb 13, 2015 — Jlj Real Estate INC Electrical Equipment Co Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,880,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,280,000
      6.5%
      $3,950,000
      7%
      $3,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,808,000
      Market price range: $5.06M - $10.9M
      AI Estimate
      $6,031,000
      Market price range: $5.09M - $11.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,395,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.019
    Latitude
    33.4459
    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
    $37,175
    $0.00
    $0.00
    $609,758
    -
    $1,025,200
    $2,670,300
    $3,695,500

    Comparable in this City

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      14,500 SF

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    • Value Estimation
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      6,000 SF

      17 40th St

      INDUSTRIAL LOFT BUILDING
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    • Value Estimation
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      6,000 SF

      314 37th St

      INDUSTRIAL LOFT BUILDING
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    • Value Estimation
      $745,000
      6,000 SF

      3944 Air Ln

      INDUSTRIAL LOFT BUILDING
      3944 Air Ln, Phoenix, AZ 85034
      View Details
    • Value Estimation
      $1,390,000
      5,100 SF

      1830 Madison St

      INDUSTRIAL LOFT BUILDING
      1830 Madison St, Phoenix, AZ 85034-2434
      View Details
    • Value Estimation
      $800,000
      4,160 SF

      2138 Jefferson St

      INDUSTRIAL LOFT BUILDING
      2138 Jefferson St, Phoenix, AZ 85034
      View Details

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      10,000 SF

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      Freestanding Industrial Building For Sale

      Freestanding industrial building available for purchase.
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      4,232 SF

      Freestanding Industrial Building Opportunity

      Freestanding industrial building in the North Airport submarket available for sale.
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    • $3,000,000

      Phoenix Industrial Property For Sale

      Industrial property featuring 11,135 square feet of space in Phoenix.
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      28,269 SF

      Phoenix Industrial Property with Cranes

      Industrial property featuring multiple cranes and high power capacity.
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      52,146 SF

      Mixed-Use Development with Restaurant

      Two-building mixed-use property with high-end creative suites and restaurant.
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      Renovated Mixed-Use Development For Rent

      Renovated mixed-use development with unique design and community features.
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    • $1.50 SF/Yr

      Industrial Space For Lease

      Industrial space available for lease near I-10 and University.
      3021 S 35Th St, Phoenix, AZ 85034
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      Industrial Space For Lease

      Industrial space available for lease.
      1250 E Hadley St, Phoenix, AZ 85034
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      10,032 SF

      Phoenix Industrial Space For Rent

      Industrial property available for lease in Phoenix, Arizona.
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      Industrial Space Available For Lease

      Approximately 8,028 SF industrial space for lease.
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      1,280 SF

      Phoenix Industrial Property For Sale

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    Phoenix, AZ 85034
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    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
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