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

    20634 28th St Ste, Unit 120 Phoenix, AZ 85050-4629

    • Flex space
    • 16,828 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3280728
    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

    • Design 10 Inc. / Custom T-Shirt Store / Embroidery Shop
    • Design 10 Custom Screen Printing / Screen Printer / Embroidery Shop
    • Multicam Southwest / Manufacturer
    • Infinity Custom Audio / Home Automation Company
    • GCS Glass & Mirror / Shower Door Shop / Glass & Mirror Shop

    Property Details for 20634 28th St Ste

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Property size
    16,828 SF
    Zone code
    CP/GCP
    Property type
    Flex space
    APN
    213-11-193
    APU
    21311193

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $675,000
      Market price range: $434k - $870k
      AI Estimate
      $675,000
      Market price range: $434k - $870k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $550,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.023
    Latitude
    33.674
    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
    $3,886
    $0.00
    $0.00
    $79,085
    -
    $95,800
    $383,500
    $479,300

    Comparable in this City

    • Value Estimation
      $675,000
      16,828 SF

      20634 28th St Ste, Unit 100

      LIGHT INDUSTRIAL • 16,828 SF
      20634 28th St Ste, Phoenix, AZ 85050-4629
      View Details
    • Value Estimation
      $1,280,000
      26,623 SF

      2650 Mohawk Ln Ste, Unit 168

      LIGHT INDUSTRIAL • 26,623 SF
      2650 Mohawk Ln Ste, Phoenix, AZ 85050-4640
      View Details
    • Value Estimation
      $785,000
      20,458 SF

      2610 Mohawk Ln Ste, Unit 116

      LIGHT INDUSTRIAL • 20,458 SF
      2610 Mohawk Ln Ste, Phoenix, AZ 85050-4634
      View Details
    • Value Estimation
      $685,000
      26,516 SF

      2920 Mohawk Ln Ste, Unit 108

      LIGHT INDUSTRIAL • 26,516 SF
      2920 Mohawk Ln Ste, Phoenix, AZ 85050-4773
      View Details
    • Value Estimation
      $690,000
      17,038 SF

      20634 28th Stb140

      LIGHT INDUSTRIAL • 17,038 SF
      20634 28th Stb140, Phoenix, AZ 85050-4633
      View Details
    • Value Estimation
      $675,000
      16,828 SF

      20634 28th St Ste, Unit 115

      LIGHT INDUSTRIAL • 16,828 SF
      20634 28th St Ste, Phoenix, AZ 85050-4629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,453 SF

      Phoenix Flex Space For Sale

      Flex space with offices, conference room, and easy highway access.
      20815 N 25Th Pl, Phoenix, AZ 85050
      View Details
    • Contact for pricing
      14,621 SF

      Phoenix Flex Space Investment Opportunity

      14,621 SF Flex Building, Prime Location
      2625 Rose Garden Ln, Phoenix, AZ 85050
      View Details
    • $55,000
      896 SF

      Manufactured Home in Adult Community

      Two-bedroom manufactured home with community amenities and convenient freeway access.
      2701 E Utopia Rd, Phoenix, AZ 85050
      View Details
    • $115,000

      Affordable Mobile Home in Phoenix

      3-bedroom, 2-bath mobile home in gated community, priced for quick sale.
      19602 N 32Nd St, Phoenix, AZ 85050
      View Details
    • $925,000
      0.06 Acres

      Prime Phoenix Office Space - Union Hills

      Spacious medical office, ideal for various practices.
      4727 Union Hills Dr, Phoenix, AZ 85050
      View Details
    • $699,900
      1,899 SF

      Phoenix Corner Lot Commercial Property

      Commercial property in North Phoenix, near Desert Ridge, with open floorplan.
      3569 E Utopia Rd, Phoenix, AZ 85050
      View Details

    Similar Nearby for Lease

    • $1.55 SF/Yr
      13,993 SF

      Phoenix Industrial Space For Lease

      Industrial space available for lease with easy freeway access.
      2620 E Rose Garden Ln, Phoenix, AZ 85050
      View Details
    • $1.55 SF/Yr
      6,303 SF

      Industrial Space Near Loop 101

      Industrial space available for lease with easy freeway access.
      2640 E Rose Garden Ln, Phoenix, AZ 85050
      View Details
    • $34 SF/Yr
      137,983 SF

      Desert Ridge Executive Suites

      Phoenix, AZ Class A Office Space
      20860 Tatum Blvd, Phoenix, AZ 85050
      View Details
    • $34 SF/Yr
      137 SF

      Class A Office Building ForRent

      Three-story Class A office building with freeway frontage.
      20860 N Tatum Blvd | Phoenix, Phoenix, AZ 85050
      View Details
    • $31 SF/Yr
      35,000 SF

      Desert Ridge Executive Office Space

      Phoenix Office Suites, 9,338 SF Available
      0 Loop 101 & Tatum Blvd, Phoenix, AZ 85050
      View Details
    • $36 SF/Yr
      1,541 SF

      Retail Space Near Desert Ridge

      Retail space available across from Desert Ridge Marketplace.
      21050 N Tatum Blvd, Phoenix, AZ 85050
      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.
    20634 28th St Ste, Unit 120
    Phoenix, AZ 85050-4629
    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.