Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,255,000
Flex space
4010 Grand Ave Phoenix, AZ 85019-3100
Entity Owned
~
Est. High Equity
Property ID
US07-0892333
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
CONCRETE
Total area
15,825 SF
Lot
3.04 ac (132,640 SF)
Zoning code
C-3
APN
107-03-005A
UPID
US07-0892333
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Phoenix Sports Academy Gym & Fitness Center Sports School
-
Rock n Roll Art Gallery Art Gallery
-
Elijah's Majestics LLC Production Facility Factory
-
Young Rose Cleaning Supplies & More Building Supply Hardware & Home Improvement
-
Automotive Paint Master's LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.27M
Blend (final)
Blend
$6.26M
Owner & transaction history
Grand Ave Partners LLC
Grand Ave Partners LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.1M
+160.1%
Restaurant
$8.5M
+142.7%
Auto repair, garage
$6.7M
+92.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,055,000
Change: +160% · Conversion: Difficult
RESTAURANT
$8,450,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,685,000
Change: +92% · Conversion: Easy
RETAIL STORES
$4,715,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$4,200,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,105,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$6.26M
Range $5.63M – $6.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$395 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$53,386
Tax year 2022
Assessed value
$757,400
Assessed 2024
Previous assessed
$628,065
+20.6% YoY
Effective rate
7.05%
On assessed value
Land market value
$1,335,100
Improvement market value
$3,255,200
Total market value
$4,590,300
Applied tax rate
681,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
6
Stories
1
Units
6
Total area
15,825 SF
Lot
3.04 ac (132,640 SF)
Zoning code
C-3
APN
107-03-005A
UPID
US07-0892333
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$9.1M
RESTAURANT
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$6.7M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.1M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
3.04 ac
Current owner
From public records · entity-resolved
Grand Ave Partners LLC
Entity
Mailing address
2122 E HIGHLAND AVE STE #335, PHOENIX, AZ 85016-4760
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Grand Ave Partners LLC
The Donald And Renee Felix Living T
Special Warranty Deed
—
Mar 29, 2017
—
Trh Properties LLC
Daryl R Burton
Special Warranty Deed
$2,350,000
Dec 31, 2002
$2,009,510
Mij Family LLC
Harrison Turney Invs LLC
Grant Deed
—
Jun 28, 2002
—
Smith Trust
Smith,arnold A & Rachel
Quit Claim Deed
related
—
Jun 28, 2002
$9,825,000
Phoenix Turney Partners LLC
Harrison Development LLC
Grant Deed
$8,975,000 · Bank One NA
Jun 28, 2002
$7,075,000
Harrison Development LLC
Smith Trust
Grant Deed
—
Jun 7, 2002
—
Department Of Transportation
Vrm Properties LLC
Grant Deed
related
—
Mar 12, 1998
$1,376,800
G3 Partners LLC
Rich-mor Dev Gp
Grant Deed
$1,030,000 · Standard Mortgage Inv LLC
Mar 10, 1998
—
V R M Properties LLC
Wulbrecht Trust
Grant Deed
related
—
—
—
G3 Partners LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
—
—
Rich-mor Development
—
Deed Of Trust
related
$550,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4010 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
