Property profile

2440 Msn Ln Phoenix, AZ 85021

OFF-MARKET
Flex space
Property ID
US07-2282270
24,441 SF 9.58 ac lot Built 1982
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a warehouse facility with substantial building renovations completed and features both common truckwells and grade-level doors. It includes evaporative cooling and air-conditioned warehouse space, along with modern interior finishes and substantial glass lines. The building provides spec office/tenant suites and includes on-site property management and security. It is situated with access to major transportation routes including I-17, Loop 101, and SR 51 freeways, and is near the light rail extension along 25th Avenue and Dunlap; the surrounding Metrocenter redevelopment area is also in progress. A listed unit within the property totals 1,315 square feet.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1982
Total area 24,441 SF
Lot 9.58 ac (417,418 SF)
APN 149-12-007C
UPID US07-2282270

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Land Surveyor Surveyor
  • Security Service
  • Real Estate Agency
  • General Contractor
  • Church

Location

2440 Msn Ln Phoenix, AZ 85021-2824
Phoenix metro Census 104402 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.68M
Blend (final) Blend
$825k

Owner & transaction history

since 2026
2 recorded transactions
2026
$43.0M
2026
$43.0M

Zoning & alternative use

Top alternative use upside
Restaurant $13.1M +142.7%
Auto repair, garage $10.3M +92.1%
Office building $8.9M +64.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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