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    2222 W Peoria Ave Phoenix, AZ 85029
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    2222 W Peoria Ave Phoenix, AZ 85029

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    • Flex space
    • 55,160 SF
    • 3.78 lot acres
    For Sale
    $9,250,000
    View Listing →
    HVAC Manufacturing Warehouse For Sale For Sale
    $9,250,000
    61,665 SF

    HVAC Manufacturing Warehouse For Sale

    61,655 SF manufacturing warehouse with heavy power and gated yard.

    2222 W Peoria Ave, Phoenix, AZ
    View Listing
    Property ID
    US07-0558674
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baer Brakes / Industrial Manufacturer / Factory

    Property Details for 2222 W Peoria Ave

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    3.78 lot acres
    Property size
    55,160 SF
    Zone code
    IND.PK.
    Property type
    Flex space
    APN
    149-08-004A
    APU
    14908004A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,832,000
      Market price range: $6.47M - $21.9M
      AI Estimate
      $11,702,000
      Market price range: $6.27M - $21.7M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $12,135,000
      Current use
      RETAIL STORES
      $16,435,000
      Change: +35% Conversion: Moderate
      MEDICAL BUILDING
      $14,640,000
      Change: +21% Conversion: Difficult
      WAREHOUSE, STORAGE
      $14,315,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.106
    Latitude
    33.5829
    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
    $43,539
    $0.00
    $0.00
    $1,006,302
    -
    $1,842,700
    $4,256,100
    $6,098,800

    Comparable in this City

    • Value Estimation
      $7,090,000
      39,067 SF

      10850 24th Ave

      LIGHT INDUSTRIAL • 39,067 SF
      10850 24th Ave, Phoenix, AZ 85029-4748
      View Details
    • Value Estimation
      $5,430,000
      26,000 SF

      2231 Shangri La Rd

      LIGHT INDUSTRIAL • 26,000 SF
      2231 Shangri La Rd, Phoenix, AZ 85029-4822
      View Details
    • Value Estimation
      $1,480,000
      3,750 SF

      11050 22nd Ave

      LIGHT INDUSTRIAL • 3,750 SF
      11050 22nd Ave, Phoenix, AZ 85029-4806
      View Details
    • Value Estimation
      $1,510,000
      17,600 SF

      10620 19th Ave

      LIGHT INDUSTRIAL • 17,600 SF
      10620 19th Ave, Phoenix, AZ 85029-4917
      View Details
    • Value Estimation
      $4,820,000
      18,800 SF

      2425 Desert Cv Ave

      LIGHT INDUSTRIAL • 18,800 SF
      2425 Desert Cv Ave, Phoenix, AZ 85029-4750
      View Details
    • Value Estimation by Request
      14,130 SF

      2329 Mescal St

      LIGHT INDUSTRIAL • 14,130 SF
      2329 Mescal St, Phoenix, AZ 85029-4765
      View Details

    Similar Nearby for Sale

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      17,880 SF

      Phoenix Warehouse/Distribution Space Available

      Warehouse/Distribution space available for lease in Phoenix, Arizona.
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      17,880 SF

      Phoenix Industrial Owner-User Opportunity

      Industrial property in Phoenix, Arizona, suitable for owner-users.
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      Phoenix Industrial/Manufacturing Investment Opportunity

      72,072 SF building, renovated in 2020, prime Phoenix location.
      2250 West Peoria Ave, Phoenix, AZ 85029
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    • $9,250,000
      61,665 SF

      HVAC Manufacturing Warehouse For Sale

      61,655 SF manufacturing warehouse with heavy power and gated yard.
      2222 W Peoria Ave, Phoenix, AZ 85029
      View Details
    • Contact for pricing

      Restaurant Space at Metro Commons

      Restaurant space available in high-traffic Phoenix location near I-17.
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      65,573 SF

      Phoenix Office Building For Sale

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    Similar Nearby for Lease

    • $1.10 SF/Yr
      2,200 SF

      Phoenix Office and Industrial Space

      Office and warehouse suites available for immediate occupancy in Phoenix.
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      Phoenix Office & Industrial Suites

      Office and warehouse suites available for lease in Phoenix.
      10801 W Mescal St, Phoenix, AZ 85029
      View Details
    • $1.10 SF/Yr
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      Phoenix Office & Industrial Space

      Office and warehouse suites available for immediate occupancy in Phoenix.
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    • $1.15 SF/Yr
      1,928 SF

      Phoenix Office & Industrial Space

      Office and warehouse suites available for immediate occupancy.
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    • $1.10 SF/Yr
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      Phoenix Office and Industrial Space

      Office and warehouse suites available near I-17.
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    • Contact for pricing
      340,000 SF

      Phoenix Warehouse Space Available

      340,000 square foot warehouse space for lease in Phoenix.
      13450 N Black Canyon Hwy, Phoenix, AZ 85029
      View Details
    View Listing
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    Phoenix, AZ 85029
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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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