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    Property profile & analytics

    2502 E Camelback Rd Phoenix, AZ 85016

    • Super regional malls
    • 44,326 SF
    • 28.01 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1168849
    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

    • Ralph Lauren / Clothing Store / Children'S Clothing Store
    • Chico's / Clothing & Fashion Store
    • White House Black Market / Clothing & Fashion Store
    • Seasons 52 / Restaurant
    • True Food Kitchen / Restaurant

    Property Details for 2502 E Camelback Rd

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    28.01 lot acres
    Property size
    44,326 SF
    Zone code
    PSC
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    164-14-001Y
    APU
    16414001Y

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $20,397,000
      Market price range: $5.19M - $20.4M
      AI Estimate
      $18,201,000
      Market price range: $4.79M - $18.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $30,870,000
      RESTAURANT
      $23,670,000
      AUTO REPAIR, GARAGE
      $18,730,000
      RETAIL STORES
      $12,275,000
      MEDICAL BUILDING
      $11,765,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.028
    Latitude
    33.5109
    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
    $2,081,705
    $0.00
    $0.00
    $24,109,118
    -
    $62,770,100
    $83,345,767
    $146,115,867

    Comparable in this City

    • Value Estimation
      $1,825,000
      7,200 SF

      1645 Camelback Rd

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      1645 Camelback Rd, Phoenix, AZ 85016-3955
      View Details
    • Value Estimation
      $1,920,000
      4,856 SF

      3141 Thomas Rd

      SHOPPING CENTER, STRIP CENTER • 4,856 SF
      3141 Thomas Rd, Phoenix, AZ 85016
      View Details
    • Value Estimation
      $2,960,000
      8,860 SF

      4525 24th St

      SHOPPING CENTER, STRIP CENTER • 8,860 SF
      4525 24th St, Phoenix, AZ 85016-5299
      View Details
    • Value Estimation
      $17,065,000
      52,138 SF

      1625 Camelback Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 52,138 SF
      1625 Camelback Rd, Phoenix, AZ 85016-3901
      View Details
    • Value Estimation by Request
      10,000 SF

      1945 Camelback Rd

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      1945 Camelback Rd, Phoenix, AZ 85016-4158
      View Details
    • Value Estimation
      $5,255,000
      26,632 SF

      2141 Indian School Rd

      SHOPPING CENTER, STRIP CENTER • 26,632 SF
      2141 Indian School Rd, Phoenix, AZ 85016-6129
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,246 SF

      Commissary Kitchen and Retail Storefront

      Newly constructed building with kitchen and retail space for sale.
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    • $5,928,000
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      Phoenix Retail Space For Sale

      8,009 SF retail space in a high-traffic Phoenix location.
      2002 E Camelback Rd, Phoenix, AZ 85016
      View Details
    • $3,150,000

      Phoenix Automotive Property For Sale

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      2,943 SF

      Phoenix Retail NNN Investment Opportunity

      NNN retail property with long-term lease and rental increases.
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    • $1,542,240
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      Phoenix Restaurant/Retail Opportunity For Sale

      2520 SF building in a strategic Phoenix location.
      2939 N 24Th St, Phoenix, AZ 85016
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    Similar Nearby for Lease

    • Contact for pricing
      1,286 SF

      Phoenix Retail Space For Lease

      Multi-tenant retail property in a dominant Phoenix retail corridor.
      2441 E Indian School Rd, Phoenix, AZ 85016
      View Details
    • Contact for pricing
      5,150 SF

      Luxury Retail Space in Phoenix

      Upscale shopping center space with exclusive retail and dining.
      2502 E Camelback Rd, Phoenix, AZ 85016
      View Details
    • Contact for pricing
      2,331 SF

      Retail Space in Peak Plaza

      Retail space available in a high-traffic Phoenix shopping center.
      6845 N 16Th St, Phoenix, AZ 85016
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      1,030 SF

      Retail Space in Lincoln View

      Retail spaces available in neighborhood shopping center, Phoenix, Arizona.
      3113-3159 E Lincoln Dr, Phoenix, AZ 85016
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      Retail Spaces in Lincoln View

      Retail spaces available in neighborhood center near Scottsdale and Paradise Valley.
      3115 E Lincoln Dr, Phoenix, AZ 85016
      View Details
    • Contact for pricing

      Lincoln View Plaza Retail Space

      Retail space available for lease at Lincoln View Plaza.
      3115 E Lincoln Dr, Phoenix, AZ 85016
      View Details
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    Phoenix, AZ 85016
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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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