Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4002 Elwood St Phoenix, AZ 85040-0906
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4002 Elwood St Phoenix, AZ 85040-0906

    View on Map
    • Warehouses
    • 4,800 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US07-1179540
    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
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nat Signs / (Bike/Boat/Book/etc) Store / Printing Service
    • Tire Equipment Service / Auto Repair Shop
    • Bbq and subs / Restaurant

    Property Details for 4002 Elwood St

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Property size
    4,800 SF
    Zone code
    A-1
    Property type
    Warehouses
    APN
    124-50-004C
    APU
    12450004C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,092,000
      Market price range: $719k - $2.03M
      AI Estimate
      $971,000
      Market price range: $711k - $1.85M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,290,000
      Current use
      RETAIL STORES
      $1,430,000
      Change: +11% Conversion: Moderate
      MEDICAL BUILDING
      $1,275,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,220,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.995
    Latitude
    33.4148
    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
    $6,195
    $0.00
    $0.00
    $107,844
    -
    $226,300
    $427,300
    $653,600

    Comparable in this City

    • Value Estimation by Request
      40,800 SF

      3226 3Rd St

      Distribution properties • 40,800 SF
      3226 3Rd St, Phoenix, AZ 85040
      View Details
    • Value Estimation
      $3,610,000
      23,804 SF

      4444 34th St

      WAREHOUSE, STORAGE • 23,804 SF
      4444 34th St, Phoenix, AZ 85040-2845
      View Details
    • Value Estimation
      $1,025,000
      3,376 SF

      3708 Miami Ave

      WAREHOUSE, STORAGE • 3,376 SF
      3708 Miami Ave, Phoenix, AZ 85040-1633
      View Details
    • Value Estimation
      $11,890,000
      79,790 SF

      4110 Wood St Ste, Unit 3

      WAREHOUSE, STORAGE • 79,790 SF
      4110 Wood St Ste, Phoenix, AZ 85040-1992
      View Details
    • Value Estimation
      $1,450,000
      9,720 SF

      3602 16th St

      WAREHOUSE, STORAGE • 9,720 SF
      3602 16th St, Phoenix, AZ 85040-1311
      View Details
    • Value Estimation
      $770,000
      3,180 SF

      3925 Miami Ave

      WAREHOUSE, STORAGE • 3,180 SF
      3925 Miami Ave, Phoenix, AZ 85040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,860 SF

      Phoenix Flex Space For Sale

      Remodeled flex space with office and shop areas available for sale.
      3451 S 40Th St, Phoenix, AZ 85040
      View Details
    • Contact for pricing
      8,850 SF

      Industrial Building with Yard

      Vacant 8,850 SF industrial building with yard in Phoenix.
      5001 S Central Ave, Phoenix, AZ 85040
      View Details
    • $12,125,000
      69,326 SF

      Manufacturing Facility Near Sky Harbor Airport

      Turnkey manufacturing facility with clean rooms and easy freeway access.
      4114 E Wood St, Phoenix, AZ 85040
      View Details
    • $1,895,000
      11,779 SF

      Phoenix Commercial Property with Residence

      Commercial property with leased space, residence, and auto-related features.
      3802 S 28Th St, Phoenix, AZ 85040
      View Details
    • $1,750,000

      Industrial Warehouse with Outside Storage

      Clean industrial warehouse with outside storage near I-10.
      4213 S 43Rd Pl, Phoenix, AZ 85040
      View Details
    • Contact for pricing
      5,100 SF

      Phoenix Industrial Property with Yard

      5,100 SF industrial property with paved yard, near I-17.
      1618 E Illini St, Phoenix, AZ 85040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Industrial Space for Lease

      Office and industrial space available in the Enterprise Zone.
      4001 E Broadway Rd, Phoenix, AZ 85040
      View Details
    • $1.25 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
      31,079 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
    • $1.30 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
    • 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
    • Contact for pricing
      3,798 SF

      Phoenix Warehouse Space Available

      Industrial warehouse space for rent in Phoenix, Arizona.
      4006 S 23Rd St, 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.
    4002 Elwood St
    Phoenix, AZ 85040-0906
    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.
    Sign Up Successful!
    You now have access to more from Realmo!