Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23312 15th Ave Phoenix, AZ 85027-1367

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23312 15th Ave Phoenix, AZ 85027-1367

    View on Map
    • Industrial land
    • 1.71 lot acres
    Off-Market
    Last Sale May 27, 2022
    $2,036,430
    Property ID
    US07-1951589
    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
    $2,035,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 23312 15th Ave

    Lot size
    1.71 lot acres
    Zone code
    I-P
    Property type
    Industrial land
    APN
    209-02-171
    APU
    20902171

    Description

    This exceptional Class A industrial building, totaling 30,793 square feet, presents a rare opportunity in the highly sought-after Deer Valley submarket of Maricopa County. Situated on a 1.88-acre lot with excellent Pinnacle Peak Road frontage and convenient access to Pinnacle Peak Road and 15th Avenue, this single-tenant property offers unparalleled convenience and visibility. The building boasts a 24-foot ceiling height, ideal for various manufacturing, flex, warehouse, distribution, or R&D uses. With 35 total parking spaces, ample room for employees and visitors is ensured. Currently vacant, this brand-new construction offers a blank canvas for a discerning tenant seeking a modern, efficient, and strategically located facility. The INK PK zoning provides flexibility for a range of industrial operations. Its proximity to TSMC and Deer Valley Airport further enhances its appeal, providing easy access to major transportation arteries and a highly skilled workforce. This freestanding building represents a unique chance to secure a prime location in one of Arizona's most dynamic industrial areas. The entire 30,793 square feet is available for immediate occupancy. This is a truly exceptional opportunity for businesses seeking a state-of-the-art facility in a premier location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.093
    Latitude
    33.6979
    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
    $9,095
    $0.00
    $0.00
    $184,575
    -
    $1,230,500
    $0.00
    $1,230,500

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      22408 Black Cyn Hwy

      INDUSTRIAL - VACANT LAND • 0.45 Acres
      22408 Black Cyn Hwy, Phoenix, AZ 85027-1840
      View Details
    • Value Estimation
      $3,725,000
      6.18 Acres

      2101 Pinnacle Peak Rd

      INDUSTRIAL - VACANT LAND • 6.18 Acres
      2101 Pinnacle Peak Rd, Phoenix, AZ 85027-1210
      View Details
    • Value Estimation
      $2,035,000
      0.16 Acres

      23312 15th Ave

      INDUSTRIAL - VACANT LAND • 0.16 Acres
      23312 15th Ave, Phoenix, AZ 85027-1367
      View Details
    • Value Estimation
      $1,350,000
      1.40 Acres

      22201 Black Cyn Hwy

      INDUSTRIAL - VACANT LAND • 1.40 Acres
      22201 Black Cyn Hwy, Phoenix, AZ 85027
      View Details
    • Value Estimation
      $565,000
      1.50 Acres

      21601 7th Ave

      INDUSTRIAL - VACANT LAND • 1.50 Acres
      21601 7th Ave, Phoenix, AZ 85027-2929
      View Details
    • Value Estimation
      $1,500,000
      1.10 Acres

      23311 18th Dr

      INDUSTRIAL - VACANT LAND • 1.10 Acres
      23311 18th Dr, Phoenix, AZ 85027-6303
      View Details

    Similar Nearby for Sale

    • $5,800,000
      22,884.00 Acres

      Phoenix Industrial Building - 2.41 Acres

      22,884 SF industrial building, Deer Valley/Pinnacle Peak. Excellent location & features.
      2639 W Lone Cactus Drive, Phoenix, AZ 85027
      View Details
    • $1,850,000
      52,164 SF

      Prime Deer Valley Frontage Lot

      Industrial park lot with frontage on 19th Avenue.
      21202 N 19Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      6.08 AC Land For Sale

      6.08 AC of land available for sale.
      2101 W Pinnacle Peak Rd, Phoenix, AZ 85027
      View Details
    • $610,000
      0.80 Acres

      Phoenix High-Density Residential Land

      High-density residential development opportunity in Phoenix's Deer Valley submarket.
      2941 W Foothill Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Land For Sale Phoenix

      Land available for sale in Phoenix, Arizona.
      2117 W Whispering Wind Dr, Phoenix, AZ 85027
      View Details
    • $610,000

      Phoenix Land For Sale

      Land available for sale in Phoenix, Arizona.
      2941 W Foothill Dr, Phoenix, AZ 85027
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space with Private Yard

      Industrial space with yard near Deer Valley Airport and TSMC.
      21609 N 12Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Fenced Yard Ready For Rent

      Fenced and secure commercial land with easy highway access.
      E Mohawk Ln, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease, additional secured yard space possible.
      1502 W Knudsen Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 17

      Commercial land for rent near growing residential area and airport.
      2225 W Pinnacle Peak Rd, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Flex Space with Warehouse Component

      3,330 SF flex space featuring office and warehouse areas.
      23005 N 15Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Flex Space with Office/Warehouse

      3,330 SF flex space with shared truckwell available for rent.
      23025 N 15Th Ave, Phoenix, AZ 85027
      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.
    23312 15th Ave
    Phoenix, AZ 85027-1367
    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!