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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3240 Camelback Rd Phoenix, AZ 85018-2335

    • Retail space
    • 13,134 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $5,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1073558
    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

    • 3Dcamouflageaz | SMP | #1 SMP Training | Scalp Micropigmentation class / Hair Salon
    • Arc / Parking Lot & Garage
    • No Filter Barbershop / Barber Shop
    • LashHouseAZ / Hair Salon / Nail Salon
    • Lashes On Fleek LLC / Hair Salon / Nail Salon

    Property Details for 3240 Camelback Rd

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    0.72 lot acres
    Property size
    13,134 SF
    Zone code
    C-N
    Property type
    Retail space
    APN
    170-13-024D
    APU
    17013024D

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,752,000
      Market price range: $1.55M - $7.24M
      AI Estimate
      $5,664,000
      Market price range: $1.51M - $7.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,915,000
      Current use
      COMMERCIAL (GENERAL)
      $9,145,000
      Change: +134% Conversion: Easy
      RESTAURANT
      $7,015,000
      Change: +79% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,550,000
      Change: +42% Conversion: Difficult
      OFFICE BUILDING
      $5,320,000
      Change: +36% Conversion: Easy
      MEDICAL BUILDING
      $3,485,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.011
    Latitude
    33.5104
    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
    $45,909
    $0.00
    $0.00
    $603,845
    -
    $2,290,900
    $1,368,769
    $3,659,669

    Comparable in this City

    • Value Estimation
      $1,375,000
      2,520 SF

      4007 Camelback Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      4007 Camelback Rd, Phoenix, AZ 85018-2712
      View Details
    • Value Estimation
      $1,340,000
      3,248 SF

      4108 Indian School Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,248 SF
      4108 Indian School Rd, Phoenix, AZ 85018-5371
      View Details
    • Value Estimation
      $1,125,000
      2,058 SF

      4247 Indian School Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,058 SF
      4247 Indian School Rd, Phoenix, AZ 85018-5342
      View Details
    • Value Estimation
      $875,000
      2,250 SF

      4837 Indian School Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      4837 Indian School Rd, Phoenix, AZ 85018-5528
      View Details
    • Value Estimation
      $2,150,000
      3,932 SF

      4231 Thomas Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,932 SF
      4231 Thomas Rd, Phoenix, AZ 85018-7603
      View Details
    • Value Estimation
      $725,000
      1,324 SF

      3424 Thomas Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,324 SF
      3424 Thomas Rd, Phoenix, AZ 85018-7410
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Phoenix Retail Suite For Sale

      Centrally located retail suite in Phoenix with high traffic counts.
      1920 W Camelback Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing

      Arcadia Retail Space on Thomas

      Retail space available in Arcadia with excellent visibility.
      4456 E Thomas Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      4,840 SF

      Arcadia Retail Redevelopment Opportunity

      Prime retail space for sale in Phoenix, Arizona.
      3333 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • $2,000,000
      2,436 SF

      Prime Phoenix Drive-Thru Restaurant Pad

      Arcadia location, high visibility, 2,436 SF
      3239 Indian School Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing

      Retail Building on Indian School

      Retail building available for lease or sale on Indian School.
      3802 East Indian School Rd, Phoenix, AZ 85018
      View Details
    • $1,725,000

      Arcadia Retail Redevelopment Opportunity

      Prime retail redevelopment in the heart of Phoenix, Arizona.
      3333 E Indian School Rd, Phoenix, AZ 85018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,756 SF

      Prime Retail Space in Phoenix

      High-traffic retail space near Biltmore Estates with excellent visibility.
      3225 E Camelback Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      1,320 SF

      Arcadia Area Retail Space

      Retail space in prominent power center with strong tenant lineup.
      4535-4539 E Thomas Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      1,525 SF

      Retail Space on Thomas Road

      Retail spaces available in Phoenix, anchored by major retailers.
      3833-3911 E Thomas Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      1,400 SF

      Retail, Office & Medical Space

      Available space suitable for retail, office, or medical tenants.
      3601-3633 W Camelback Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Phoenix Center

      Retail spaces available in shopping center anchored by major retailers.
      3923 E Thomas Rd, Phoenix, AZ 85018
      View Details
    • $15 SF/Yr
      10,747 SF

      Freestanding Retail Building For Rent

      Freestanding retail building with street frontage and easy access.
      3722 East Thomas Rd, Phoenix, AZ 85018
      View Details
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    Phoenix, AZ 85018-2335
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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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