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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4116 Superior Ave Phoenix, AZ 85040

    • Warehouses
    • 13,564 SF
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Jul 23, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1723091
    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

    • GCM West LLC / Breakfast Restaurant
    • BetterEarth.Solar / Solar Energy Company
    • Arizona Stage / Warehouse
    • Arizona Stage Sound & Lights / Stage Lighting Equipment Supplier
    • Copper State Production / Audiovisual Equipment Rental Service

    Property Details for 4116 Superior Ave

    Year built
    1987
    Property size
    13,564 SF
    Property type
    Warehouses
    APN
    124-49-010A
    APU
    12449010A

    Description

    This exceptional manufacturing facility, located at 4116 E Superior Avenue in Phoenix, Arizona (zip code 85040), offers a substantial 80,079 square feet of industrial space within the North Airport Ind submarket. Situated on a generous 22.9-acre lot, the property boasts excellent access via its convenient location near the intersection of 40th St & I10. The building is currently multi-tenant occupied, with a significant 48,632 square feet of vacant space immediately available for lease. This presents a unique opportunity for businesses seeking flexible space options, with minimum divisible units of 9,034 square feet and maximum contiguous space of 14,196 square feet. The property's classification as a manufacturing facility within Maricopa County makes it ideal for a variety of industrial uses. Interested parties are encouraged to inquire about the available space and lease terms. This prime location offers easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics and distribution capabilities. The property's size and layout provide ample room for expansion and customization to meet specific operational needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,746,000
      Market price range: $2.03M - $5.75M
      AI Estimate
      $5,222,000
      Market price range: $2.01M - $5.22M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,650,000
      Current use
      OFFICE BUILDING
      $7,690,000
      Change: +110% Conversion: Difficult
      RESTAURANT
      $7,245,000
      Change: +98% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,055,000
      Change: +93% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,730,000
      Change: +57% Conversion: Easy
      RETAIL STORES
      $4,040,000
      Change: +11% Conversion: Moderate
      MEDICAL BUILDING
      $3,600,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,450,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9912501
    Latitude
    33.418277
    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
    $71,761
    $0.00
    $0.00
    $1,415,931
    -
    $1,641,300
    $6,940,100
    $8,581,400

    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

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      Freestanding Industrial Building For Sale

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      28,520 SF warehouse featuring a sprinkler system and fenced yard.
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      Versatile Industrial Property with Office Space

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      Phoenix Industrial Building For Sale

      9,820 SF industrial building for sale or lease.
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    Similar Nearby for Lease

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      Phoenix Industrial Space For Lease

      Versatile warehouse/manufacturing space available
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      View Details
    • $1.10 SF/Yr
      11,206 SF

      Industrial Warehouse with Yard

      Industrial warehouse featuring truckwells, yard, and heavy power.
      4188 E Superior Ave, Phoenix, AZ 85040
      View Details
    • Contact for pricing
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      Industrial Space with Secured Storage

      Industrial space available November 2025 with secured outdoor storage.
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    • Contact for pricing
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      Phoenix Warehouse with New Upgrades

      Renovated warehouse space featuring new loading door and HVAC.
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    • $1.10 SF/Yr
      26,582 SF

      Freestanding Warehouse Space Available

      Freestanding warehouse building with ample parking, available January 1st, 2026.
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      View Details
    • $0.95 SF/Yr
      44,314 SF

      Industrial Space with Freeway Access

      44,314 SF industrial space with secure yard for lease.
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      View Details
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    4116 Superior Ave
    Phoenix, AZ 85040
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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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