Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    325 Melinda Ln Phoenix, AZ 85027-2926
    Back to Search
    Property profile & analytics

    325 Melinda Ln Phoenix, AZ 85027-2926

    View on Map
    • Flex space
    • 3,398 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Nov 14, 2024
    $1,265,000
    Property ID
    US07-0830797
    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.
    Value Estimations
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gentap, LLC. / Industrial Manufacturer / Production Facility
    • GasTapper / Gas Station

    Property Details for 325 Melinda Ln

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    3,398 SF
    Zone code
    A-1
    Property type
    Flex space
    APN
    209-10-816
    APU
    20910816

    Description

    This exceptional 4,738 square foot freestanding industrial building presents a unique owner-user opportunity in Phoenix, Arizona. Located at 325 W Melinda Ln, 85027, this property boasts a desirable A-1 zoning within Maricopa County. Built in 1989, the two-story structure offers 14-foot clear ceiling heights, perfect for various industrial or flex uses. The building features a 10' x 10' automatic grade-level door, providing convenient access for loading and unloading. Significant power is available with a 600-amp, 3-phase electrical service. The building is 100% air-conditioned, enhancing comfort and operational efficiency. Additional features include ample covered parking and prominent building signage for increased visibility. The property sits on a 9,975 square foot lot (APN 209-10-816), offering potential for expansion or outdoor storage. The asking price is $1,375,000, translating to $290.21 per square foot. This is a rare opportunity to acquire a well-maintained, versatile industrial space in a prime Phoenix location. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,129,000
      Market price range: $155k - $1.13M
      AI Estimate
      $1,129,000
      Market price range: $155k - $1.13M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,435,000
      OFFICE BUILDING
      $1,260,000
      RETAIL STORES
      $1,015,000
      MEDICAL BUILDING
      $900,000
      NEIGHBORHOOD: SHOPPING CENTER
      $865,000
      WAREHOUSE, STORAGE
      $850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.079
    Latitude
    33.6819
    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
    $7,159
    $0.00
    $0.00
    $131,505
    -
    $183,600
    $613,400
    $797,000

    Comparable in this City

    • Value Estimation
      $20,360,000
      61,268 SF

      2320 Un Hls Dr

      LIGHT INDUSTRIAL • 61,268 SF
      2320 Un Hls Dr, Phoenix, AZ 85027-5195
      View Details
    • Value Estimation
      $800,000
      13,440 SF

      21632 7th Ave Ste, Unit 8

      LIGHT INDUSTRIAL • 13,440 SF
      21632 7th Ave Ste, Phoenix, AZ 85027-2948
      View Details
    • Value Estimation
      $800,000
      13,440 SF

      21632 7th Ave Ste, Unit 9

      LIGHT INDUSTRIAL • 13,440 SF
      21632 7th Ave Ste, Phoenix, AZ 85027-2948
      View Details
    • Value Estimation
      $1,000,000
      16,800 SF

      21629 9th Ave Ste B

      LIGHT INDUSTRIAL • 16,800 SF
      21629 9th Ave Ste B, Phoenix, AZ 85027-2800
      View Details
    • Value Estimation
      $2,395,000
      7,205 SF

      21402 7th Ave

      LIGHT INDUSTRIAL • 7,205 SF
      21402 7th Ave, Phoenix, AZ 85027-2905
      View Details
    • Value Estimation
      $7,740,000
      23,286 SF

      1802 Knudsen Dr

      LIGHT INDUSTRIAL • 23,286 SF
      1802 Knudsen Dr, Phoenix, AZ 85027-1302
      View Details

    Similar Nearby for Sale

    • $4,100,000
      11,533 SF

      Spacious Industrial Condo Near Freeways

      Multi-purpose industrial condo with warehouse and open office space.
      23320 N 18Th Dr, Phoenix, AZ 85027
      View Details
    • $499,000
      1,365 SF

      Phoenix Flex Space For Sale

      Flex space with easy access to Loop 101 & I-17.
      21411 N 11Th Ave, Phoenix, AZ 85027
      View Details
    • $4,100,000

      Industrial Condo with Open Office

      Spacious warehouse and comfortable office near I-17 and 101.
      23320 North 18Th Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      25,880 SF

      Phoenix Industrial Building For Sale

      25,880 SF industrial building on 1.51 acres.
      1654 W Knudsen Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      26,681 SF

      Phoenix Industrial Property for Sale

      26,681 square foot industrial property in Phoenix, Arizona.
      2025 W Quail Ave, Phoenix, AZ 85027
      View Details
    • $967,443
      2,487 SF

      Phoenix Industrial Property For Sale

      Industrial property available for purchase in Phoenix, Arizona.
      2222 W Parkside Ln, Phoenix, AZ 85027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,076 SF

      Phoenix Flex Space For Rent

      Flex space available in North Phoenix, near 101 Freeway.
      31 W Lone Cactus Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      41,070 SF

      Phoenix Office Park with Flex Offices

      Four-building office park offering flex offices and drive-up access.
      2001 W Pinnacle Peak Rd, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      31,016 SF

      Phoenix Flex Space with Generator

      Flex space with backup generator near retail and dining.
      950 W Behrend Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      41,149 SF

      Phoenix Office Park Flex Offices

      Four-building office park with flex offices and drive-up access.
      2075 W Pinnacle Peak Rd, Phoenix, AZ 85027
      View Details
    • $1.50 SF/Yr
      31,957 SF

      Phoenix Industrial/Flex Space Available

      Modern, versatile space ideal for retail, office, or showroom use.
      519 W Lone Cactus Dr, Phoenix, AZ 85027
      View Details
    • Contact for pricing

      Industrial Space with Private Yard

      Industrial space with yard near Deer Valley Airport and TSMC.
      21609 N 12Th Ave, Phoenix, AZ 85027
      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.
    325 Melinda Ln
    Phoenix, AZ 85027-2926
    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

    Thank You for Inquiry
    325 Melinda Ln, Phoenix, AZ, 85027
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!