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

    2435 47th St Phoenix, AZ 85034-6410

    • Commercial real estate
    • 1,530 SF
    • 1.66 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2021
    $11,875,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1166851
    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

    • Hilton Phoenix Airport / Hotel & Motel
    • Rennick's Restaurant / Restaurant
    • Cardtronics ATM / Atm
    • Encore / Rental Equipment Company / Tech Support Center
    • 2435 South 47th Street Parking / Parking Lot & Garage

    Property Details for 2435 47th St

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    1.66 lot acres
    Property size
    1,530 SF
    Zone code
    A-1
    Property type
    Commercial real estate
    APN
    124-44-020C
    APU
    12444020C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.981
    Latitude
    33.4251
    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
    $12,054
    $0.00
    $0.00
    $121,473
    -
    $568,200
    $168,000
    $736,200

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      2420 19th Pl

      COMMERCIAL (GENERAL) • 0.17 Acres
      2420 19th Pl, Phoenix, AZ 85034-6715
      View Details
    • Value Estimation by Request
      22.98 Acres

      2010 24th St

      COMMERCIAL (GENERAL) • 22.98 Acres
      2010 24th St, Phoenix, AZ 85034
      View Details
    • Value Estimation by Request
      0.00 Acres

      310 29th St

      COMMERCIAL (GENERAL) • 0.00 Acres
      310 29th St, Phoenix, AZ 85034-2707
      View Details
    • Value Estimation by Request
      0.14 Acres

      318 37th St

      COMMERCIAL (GENERAL) • 0.14 Acres
      318 37th St, Phoenix, AZ 85034-2914
      View Details
    • Value Estimation by Request
      2.19 Acres

      301 30th St

      COMMERCIAL (GENERAL) • 2.19 Acres
      301 30th St, Phoenix, AZ 85034-2714
      View Details
    • Value Estimation by Request
      0.04 Acres

      4632 Hammond Ln

      COMMERCIAL (GENERAL) • 0.04 Acres
      4632 Hammond Ln, Phoenix, AZ 85034-6411
      View Details

    Similar Nearby for Sale

    • $2,475,000
      0.34 Acres

      Downtown Phoenix Office Building

      7,730 SF Office, Prime Location, High-End Finish
      801 Washington St, Phoenix, AZ 85034
      View Details
    • $899,000

      Modern Duplex Near Downtown Phoenix

      Recently built duplex with strong rental potential near Downtown Phoenix.
      1933 E Monroe St, Phoenix, AZ 85034
      View Details
    • Contact for pricing
      28,132 SF

      Phoenix Industrial Property For Sale

      28,132 SF industrial property near Sky Harbor Airport.
      2336 E Magnolia St, Phoenix, AZ 85034
      View Details
    • Contact for pricing
      28,269 SF

      Phoenix Industrial Property with Cranes

      Industrial property featuring multiple cranes and high power capacity.
      1825-1841 E Jefferson St, Phoenix, AZ 85034
      View Details
    • $2,450,000

      Phoenix Office Building For Sale

      Office building with training rooms, flexible layout, and ample parking.
      2544 E University Dr, Phoenix, AZ 85034
      View Details
    • Contact for pricing
      4,560 SF

      Free-Standing Industrial Building For Sale

      4,560 SF industrial building with fenced yard and signage.
      2326 E Washington St, Phoenix, AZ 85034
      View Details

    Similar Nearby for Lease

    • $1,475 /Mo

      Office/Retail Flex Lofts For Lease

      Office, retail, and flex lofts available for lease.
      1624 E Washington St, Phoenix, AZ 85034
      View Details
    • $1.45 SF/Yr

      Phoenix Flex R&D Space

      Flex R&D space available for lease in Phoenix, Arizona.
      3710 E University Dr, Phoenix, AZ 85034
      View Details
    • $15 SF/Yr
      32,510 SF

      Office Space Sublease Opportunity

      Office space available for sublease near major highways.
      4602 E University Dr, Phoenix, AZ 85034
      View Details
    • $17 SF/Yr

      Phoenix Flex/Industrial Space Available

      Flex/Industrial space for rent in Phoenix, Arizona.
      3157 East Elwood St, Phoenix, AZ 85034
      View Details
    • $1.35 SF/Yr

      Industrial Suites Available For Lease

      Industrial property available for lease at Priest & Washington, Phoenix.
      5452 E Washington St, Phoenix, AZ 85034
      View Details
    • $12,181 /Mo

      Industrial Building with Fenced Yard

      Phoenix industrial building for lease with fenced yard and easy access.
      1601 E Madison St, Phoenix, AZ 85034
      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.
    2435 47th St
    Phoenix, AZ 85034-6410
    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!