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    4002 Baseline Rd, Unit 2 Phoenix, AZ 85042-6355
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    4002 Baseline Rd, Unit 2 Phoenix, AZ 85042-6355

    View on Map
    • Office buildings
    • 3,469 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US07-0830766
    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
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AALL Insurance / Insurance Agency

    Property Details for 4002 Baseline Rd

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    0.42 lot acres
    Property size
    3,469 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    123-18-322
    APU
    12318322

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,082,000
      Market price range: $443k - $1.83M
      AI Estimate
      $1,066,000
      Market price range: $433k - $1.81M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,040,000
      Current use
      AUTO REPAIR, GARAGE
      $1,465,000
      Change: +41% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: -1% Conversion: Moderate
      MEDICAL BUILDING
      $920,000
      Change: -12% Conversion: Easy
      WAREHOUSE, STORAGE
      $900,000
      Change: -14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $885,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.995
    Latitude
    33.3784
    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
    $9,014
    $0.00
    $0.00
    $102,234
    -
    $406,900
    $212,700
    $619,600

    Comparable in this City

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      4,506 SF

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      OFFICE BUILDING • 4,506 SF
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    • Value Estimation
      $2,750,000
      12,510 SF

      7004 Central Ave

      OFFICE BUILDING • 12,510 SF
      7004 Central Ave, Phoenix, AZ 85042-5423
      View Details
    • Value Estimation
      $540,000
      1,638 SF

      6826 Central Ave

      OFFICE BUILDING • 1,638 SF
      6826 Central Ave, Phoenix, AZ 85042-5421
      View Details
    • Value Estimation
      $11,265,000
      54,150 SF

      4611 Baseline Rd

      OFFICE BUILDING • 54,150 SF
      4611 Baseline Rd, Phoenix, AZ 85042-7454
      View Details
    • Value Estimation
      $620,000
      1,178 SF

      6642 16th St

      OFFICE BUILDING • 1,178 SF
      6642 16th St, Phoenix, AZ 85042-4419
      View Details
    • Value Estimation
      $530,000
      1,714 SF

      6002 17th St

      OFFICE BUILDING • 1,714 SF
      6002 17th St, Phoenix, AZ 85042-4507
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.16 Acres

      Commercial Land on Baseline Road

      0.16 acre lot with utilities on site.
      4238 E Baseline Rd, Phoenix, AZ 85042
      View Details
    • New
      $435,000
      0.49 Acres

      Phoenix Land with Baseline Frontage

      Prime Phoenix land with high visibility and utilities on lot.
      4208 E Baseline Rd, Phoenix, AZ 85042
      View Details
    • Contact for pricing

      Prime Land Parcel Available

      Land parcel with high traffic and income demographics.
      5136 W Southern Ave, Laveen, AZ 85042
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    • $499,000
      0.56 Acres

      Premier View Lot in Phoenix

      Half-acre lot with panoramic views and approved home plans.
      3915 E Melody Dr, Phoenix, AZ 85042
      View Details
    • $2,100,000
      4.75 Acres

      Prime Phoenix Acres Near Airport

      Rare 4.75 acres with income potential near Sky Harbor Airport.
      6520 S 28Th St, Phoenix, AZ 85042
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    • Contact for pricing
      2,485 SF

      New Black Rock Coffee Bar

      New single-tenant Black Rock Coffee Bar with double drive-thru.
      3225 E Baseline Rd, Phoenix, AZ 85042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,204 SF

      Single-Story Office Building For Rent

      Single-story office building with efficient floor plates and ample parking.
      3540 E Baseline Rd, Phoenix, AZ 85042
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available Now

      Global network of workspaces offering tailored office solutions.
      6044 S 16Th St, Phoenix, AZ 85042
      View Details
    • Contact for pricing
      2,000 SF

      Turnkey Medical Office Endcap

      Medical office endcap with monument signage and ample parking.
      2434 E Baseline Rd, Phoenix, AZ 85042
      View Details
    • $32 SF/Yr
      10,000 SF

      Class A Office Space

      First floor office space near Biltmore Resort and Shopping Center.
      6001 N 24Th St, Phoenix, AZ 85042
      View Details
    • Contact for pricing

      AZ, Phoenix- S 16th St

      Discover many ways to work your way in AZ, Phoenix- S 16th St
      6044 16Th St, Phoenix, AZ 85042
      View Details
    • Contact for pricing

      Retail PAD with Drive Thru

      Retail PAD available for ground lease or build-to-suit.
      Phoenix Arizona Swc Central Ave And Baseline Rd, Phoenix, AZ 85042
      View Details
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    Phoenix, AZ 85042-6355
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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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