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

    3535 Broadway Rd Phoenix, AZ 85040-2853

    • Warehouses
    • 5,892 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2023
    $930,000
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    5.1%
    Warehouses
    Location Intelligence
    Property ID
    US07-3448547
    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

    • RWK Electric Co / Electrician
    • milliCare by Corporate Flooring Solutions / Commercial Cleaning Service
    • New Horizon Care / Home Health Care Service

    Property Details for 3535 Broadway Rd

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.37 lot acres
    Property size
    5,892 SF
    Zone code
    I-P
    Property type
    Warehouses
    APN
    122-72-055
    APU
    12272055

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $885,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $690,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,203,000
      Market price range: $883k - $2.50M
      AI Estimate
      $1,070,000
      Market price range: $873k - $2.27M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,565,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.005
    Latitude
    33.4067
    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
    $9,707
    $0.00
    $0.00
    $118,866
    -
    $184,400
    $536,000
    $720,400

    Comparable in this City

    • Value Estimation by Request
      11,451 SF

      5640 40Th St

      Distribution properties • 11,451 SF
      5640 40Th St, Phoenix, AZ 85040
      View Details
    • Value Estimation
      $605,000
      1,500 SF

      4131 Winslow Ave

      STORAGE YARD, OPEN STORAGE • 1,500 SF
      4131 Winslow Ave, Phoenix, AZ 85040-1741
      View Details
    • Value Estimation
      $2,210,000
      10,880 SF

      3518 Broadway Rd

      WAREHOUSE, STORAGE • 10,880 SF
      3518 Broadway Rd, Phoenix, AZ 85040-2834
      View Details
    • Value Estimation
      $740,000
      4,950 SF

      1328 Broadway Rd

      WAREHOUSE, STORAGE • 4,950 SF
      1328 Broadway Rd, Phoenix, AZ 85040-2306
      View Details
    • Value Estimation by Request
      550 SF

      37 Victory St

      STORAGE YARD, OPEN STORAGE • 550 SF
      37 Victory St, Phoenix, AZ 85040-1057
      View Details
    • Value Estimation
      $560,000
      3,700 SF

      102 Pioneer St

      WAREHOUSE, STORAGE • 3,700 SF
      102 Pioneer St, Phoenix, AZ 85040-1040
      View Details

    Similar Nearby for Sale

    • $2,380,320
      8,352 SF

      Freestanding Industrial Building For Sale

      Industrial building near Sky Harbor Airport with fenced yards.
      4828 S 40Th St, Phoenix, AZ 85040
      View Details
    • $12,125,000
      69,326 SF

      Phoenix Manufacturing Facility Near Airport

      Turnkey manufacturing facility with clean rooms and warehouse space.
      4114 E Wood St, Phoenix, AZ 85040
      View Details
    • $2,550,000
      11,200 SF

      Phoenix Shop Bays For Sale

      Secured shop bays with frontage on Broadway Rd.
      1605 W Broadway Rd, Phoenix, AZ 85040
      View Details
    • $7,500,000
      28,520 SF

      Phoenix Warehouse with Fenced Yard

      28,520 SF warehouse featuring a sprinkler system and fenced yard.
      2757 E Chambers St, Phoenix, AZ 85040
      View Details
    • $2,373,000
      7,304 SF

      Versatile Industrial Property with Office Space

      7,304 SF industrial property featuring office space and warehouse.
      4511 E Broadway Rd, Phoenix, AZ 85040
      View Details
    • Contact for pricing
      9,820 SF

      Phoenix Industrial Building For Sale

      9,820 SF industrial building for sale or lease.
      5601 S 24Th St, Phoenix, AZ 85040
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      17,831 SF

      Phoenix Warehouse Space for Lease

      Industrial warehouse space available for lease in Phoenix, Arizona.
      4022 S 20Th St, Phoenix, AZ 85040
      View Details
    • $1.30 SF/Yr
      3,424 SF

      Industrial Space with Freeway Access

      3,424 SF industrial space with office and freeway access.
      5202 S 39Th St, Phoenix, AZ 85040
      View Details
    • $1.25 SF/Yr
      30,078 SF

      Phoenix Warehouse with A/C Production

      30,078 SF warehouse with full A/C production for lease.
      3510 E Atlanta Ave, Phoenix, AZ 85040
      View Details
    • $1.20 SF/Yr
      3,200 SF

      Phoenix Industrial Complex Suites

      Industrial complex with suites, A/C offices, and great truck access.
      4207-4247 S 36Th Pl, Phoenix, AZ 85040
      View Details
    • Contact for pricing
      38,264 SF

      Industrial Distribution Site Near Airport

      Distribution site in industrial park, near Interstate 10 and airport.
      4440 E Elwood St, Phoenix, AZ 85040
      View Details
    • $1.45 SF/Yr
      7,350 SF

      Phoenix Warehouse with Air-Conditioned Space

      7,350 SF warehouse with A/C near major freeways.
      3625 E Atlanta Ave, Phoenix, AZ 85040
      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.
    3535 Broadway Rd
    Phoenix, AZ 85040-2853
    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.