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

    2625 E Greenway Pkwy Phoenix, AZ 85032

    • Investment properties
    • 25,944 SF
    • 1.60 lot acres
    For Lease
    View listing
    $500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2760989
    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

    • Seydi’s Pupuseria & Grill / Salvadoran Restaurant
    • MAYA MULTISERVICIOS / Telecommunications Contractor
    • Ceyla’s Creations / Baby Clothing Store / Baby Store
    • AVA Barber & Beauty / Barber Shop
    • AVA Eyebrow Threading / Eyebrow Bar

    Property Details for 2625 E Greenway Pkwy

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    1.60 lot acres
    Property size
    25,944 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    214-40-012F
    APU
    21440012F

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,881,000
      Market price range: $4.53M - $34.5M
      AI Estimate
      $15,103,000
      Market price range: $3.62M - $30.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.025
    Latitude
    33.6271
    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
    $24,558
    $0.00
    $0.00
    $703,304
    -
    $706,300
    $3,556,148
    $4,262,448

    Comparable in this City

    • Value Estimation
      $2,505,000
      14,711 SF

      2802 Greenway Rd

      INDUSTRIAL LOFT BUILDING • 14,711 SF
      2802 Greenway Rd, Phoenix, AZ 85032-4413
      View Details
    • Value Estimation
      $1,965,000
      8,910 SF

      16226 32nd St

      INDUSTRIAL LOFT BUILDING • 8,910 SF
      16226 32nd St, Phoenix, AZ 85032-3101
      View Details
    • Value Estimation
      $4,155,000
      19,796 SF

      16802 25th St

      INDUSTRIAL LOFT BUILDING • 19,796 SF
      16802 25th St, Phoenix, AZ 85032
      View Details
    • Value Estimation by Request
      952 SF

      2431 Tracy Ln

      Multifamily properties • 952 SF
      2431 Tracy Ln, Phoenix, AZ 85032
      View Details
    • Value Estimation by Request
      7,890 SF

      Swc Of Cactus Rd And Tatum Blvd

      Retail properties • 7,890 SF
      0 Swc Of Cactus Rd And Tatum Blvd, Phoenix, AZ 85032
      View Details
    • Value Estimation by Request
      217,072 SF

      32Nd St

      Neighborhood centers • 217,072 SF
      0 32Nd St, Phoenix, AZ 85032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      77,505 SF

      Office Building at Paradise Valley

      Office building under construction, part of a $2B redevelopment.
      4625 E Paradise Village Pkwy N, Phoenix, AZ 85032
      View Details
    • $5,400,000

      New Multifamily Property in Phoenix

      Newly constructed 12-unit multifamily property in North Phoenix.
      17444 N 32Nd St, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      33,323 SF

      Greenway Road Retail Pad - Phoenix

      Prime Phoenix retail space, 33,323 SF.
      3202 Greenway Rd, Phoenix, AZ 85032
      View Details
    • $1,500,000
      2,692 SF

      Phoenix Retail with Automotive Zoning

      Turnkey retail opportunity with high visibility and strong demographics.
      4126 E Bell Rd, Phoenix, AZ 85032
      View Details
    • $568,000

      Retail Property with Service Bays

      Retail storefront with service bays, suitable for automotive businesses.
      17037 N Cave Creek Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      4,441 SF

      Freestanding Restaurant with Drive-Thru Potential

      Phoenix restaurant space for lease with drive-thru opportunity.
      4040 E Bell Rd, Phoenix, AZ 85032
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      7,479 SF

      Phoenix Medical Office Space for Lease

      7,479 SF Medical Office Building, 2,260 SF Available
      3933 Edna Ave, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      3,435 SF

      Tatum Park Place Retail Space For Lease

      Prime Retail Space, High-Traffic Area
      0 Nwc Of Tatum Blvd And Greenway Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Busy Intersection

      Retail space available on a high-traffic intersection in Phoenix.
      13637 N Tatum Blvd, Phoenix, AZ 85032
      View Details
    • $10 SF/Yr
      1,000 SF

      Phoenix Retail Space For Rent

      Retail spaces available in Phoenix, ranging from 808 to 40,000 SF.
      2734 W Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space Available for Lease

      2,423 SF end cap in busy Phoenix location.
      2901-2957 W Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      3,548 SF

      Furnished Open Office Space

      Fully furnished, contemporary open office space available for rent.
      12251 N 32Nd St, Phoenix, AZ 85032
      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.
    2625 E Greenway Pkwy
    Phoenix, AZ 85032
    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.