Sign Up Successful!
You now have access to more from Realmo!
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

    2507 Villa Rita Dr Phoenix, AZ 85023-1247

    • Industrial properties
    • 21,518 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    $8,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1507966
    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

    • PetroImage / Petroleum Products Company / Contractor
    • All Out Custom Truck & Body #2 / Wheel Alignment Service / Wheel Store

    Property Details for 2507 Villa Rita Dr

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    1.83 lot acres
    Property size
    21,518 SF
    Zone code
    IND.PK.
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    208-05-671
    APU
    20805671

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,523,000
      Market price range: $2.52M - $8.52M
      AI Estimate
      $8,480,000
      Market price range: $2.45M - $8.48M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $11,490,000
      AUTO REPAIR, GARAGE
      $9,090,000
      OFFICE BUILDING
      $6,460,000
      RETAIL STORES
      $6,410,000
      MEDICAL BUILDING
      $5,710,000
      WAREHOUSE, STORAGE
      $5,585,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.113
    Latitude
    33.6501
    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
    2022
    $40,173
    $0.00
    $0.00
    $734,745
    -
    $977,100
    $3,475,900
    $4,453,000

    Comparable in this City

    • Value Estimation
      $2,665,000
      6,742 SF

      16602 25th Ave

      INDUSTRIAL LOFT BUILDING • 6,742 SF
      16602 25th Ave, Phoenix, AZ 85023-3107
      View Details
    • Value Estimation
      $3,560,000
      10,080 SF

      17829 Black Cyn Hwy

      INDUSTRIAL LOFT BUILDING • 10,080 SF
      17829 Black Cyn Hwy, Phoenix, AZ 85023-1207
      View Details
    • Value Estimation
      $14,150,000
      46,989 SF

      18019 25th Ave

      INDUSTRIAL (GENERAL) • 46,989 SF
      18019 25th Ave, Phoenix, AZ 85023-1246
      View Details
    • Value Estimation
      $7,655,000
      30,260 SF

      17801 Black Cyn Hwy

      INDUSTRIAL (GENERAL) • 30,260 SF
      17801 Black Cyn Hwy, Phoenix, AZ 85023-1207
      View Details
    • Value Estimation
      $3,490,000
      12,242 SF

      2350 Phelps Rd

      WAREHOUSE, STORAGE • 12,242 SF
      2350 Phelps Rd, Phoenix, AZ 85023-3222
      View Details
    • Value Estimation
      $2,790,000
      24,167 SF

      2504 Morningside Dr

      LIGHT INDUSTRIAL • 24,167 SF
      2504 Morningside Dr, Phoenix, AZ 85023-2134
      View Details

    Similar Nearby for Sale

    • $34,085,126

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      1656 W Tierra Buena Ln, Phoenix, AZ 85023
      View Details
    • $999,000
      26.25 Acres

      Prime Phoenix Commercial Land

      26.25 Acres, Development Opportunity
      19th Ave & Thunderbird Rd, Phoenix, AZ 85023
      View Details
    • $399,000
      1.25 Acres

      Moon Valley Land with Views

      Prime lot in guard-gated community with mountain views.
      15026 N 15Th Dr, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      Nightingale on 25th Apartments

      240-unit apartment community in North Phoenix with modern amenities.
      15620 N 25Th Ave, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      Retail Pad Near I-17

      Retail pad available for ground lease near I-17.
      2434 W Greenway Rd, Phoenix, AZ 85023
      View Details
    • $949,500
      3,798 SF

      Prime Phoenix Retail Pad - Bell Road

      Freestanding building, high visibility, seller financing.
      1546 Bell Rd, Phoenix, AZ 85023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,694 SF

      Available Flex Industrial Space

      28,694 SF flex/industrial space with full AC and power.
      2501 West Grandview Rd, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      Industrial Space Near Airport

      Industrial space for lease near Phoenix Sky Harbor International Airport.
      13270 W Bell Rd, Surprise, AZ 85023
      View Details
    • $1.15 SF/Yr
      2,305 SF

      Phoenix Warehouse with Office Space

      Warehouse space featuring reception area, office, and restrooms.
      16601 N 25Th Ave, Phoenix, AZ 85023
      View Details
    • Contact for pricing
      98,701 SF

      Union Plaza Retail Center

      Phoenix Retail Space Available
      18402 19Th Ave, Phoenix, AZ 85023
      View Details
    • Contact for pricing

      Phoenix Land Parcel For Rent

      Commercial land parcel in North Phoenix near Interstate 17.
      17232 N 19Th Ave, Phoenix, AZ 85023
      View Details
    • $16 SF/Yr
      14,320 SF

      Phoenix Retail Space - Bell Plaza

      1,720 SF Retail Space, End Cap, Phoenix
      1728 Bell Rd, Phoenix, AZ 85023
      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.
    2507 Villa Rita Dr
    Phoenix, AZ 85023-1247
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.