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    Property profile & analytics

    4145 8Th St Phoenix, AZ 85014

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2656663
    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

    • Commercial real estate

    Property Details for 4145 8Th St

    Property type
    Commercial real estate

    Description

    This exceptional 18,635 square foot commercial lot presents a remarkable investment opportunity in the heart of Phoenix, Arizona. Located at 4145 North 8th Street, in the desirable 85014 zip code, this property boasts a prime location near the intersection of 7th Street and Indian School Road, offering excellent visibility and accessibility. The lot is zoned C-3, providing a wide range of potential development options for businesses seeking a strategic presence in a thriving urban area. Maricopa County's robust economy and the consistent growth of Phoenix make this a particularly attractive proposition for developers and investors alike. The expansive lot size allows for significant flexibility in design and construction, catering to a variety of commercial projects. With its central location and considerable size, this property offers unparalleled potential for substantial return on investment. The asking price is $675,000. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel presents. The property's coordinates are 33.495385 latitude and -112.063751 longitude. This is a rare opportunity to acquire a sizable commercial lot in a highly sought-after area of Phoenix.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.063751
    Latitude
    33.495385

    Comparable in this City

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      Phoenix Industrial Property: 7,931 SF

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    • $80,000

      Phoenix Land for Sale

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      4417 S 7Th St, Phoenix, AZ 85014
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      Phoenix Land Parcel For Sale

      Prime land parcel in Phoenix, shovel-ready with approved plans.
      6838 N 13Th Pl, Phoenix, AZ 85014
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      Permit-Ready Project Near GCU

      Permit-ready 208-unit project near GCU, centrally located.
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      Phoenix Land Development Opportunity

      Prime Phoenix location for residential development.
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      Phoenix Office Building For Sale

      Office building in high-demand Phoenix location near amenities and housing.
      714 E Rose Ln, Phoenix, AZ 85014
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    Similar Nearby for Sale

    • $1,850,000
      0.20 Acres

      Phoenix Industrial Property: 7,931 SF

      Central Phoenix warehouse, ideal for various uses.
      1532 E Indianola Ave, Phoenix, AZ 85014
      View Details
    • $80,000

      Phoenix Land for Sale

      Land available in Phoenix, located off 7th Street and Broadway.
      4417 S 7Th St, Phoenix, AZ 85014
      View Details
    • $450,000
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      Phoenix Land Parcel For Sale

      Prime land parcel in Phoenix, shovel-ready with approved plans.
      6838 N 13Th Pl, Phoenix, AZ 85014
      View Details
    • $5,300,000

      Permit-Ready Project Near GCU

      Permit-ready 208-unit project near GCU, centrally located.
      4015 W Camelback Rd, Phoenix, AZ 85014
      View Details
    • $2,999,000
      1.00 Acre

      Phoenix Land Development Opportunity

      Prime Phoenix location for residential development.
      1215 E Devonshire Ave, Phoenix, AZ 85014
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    • $2,300,000
      8,500 SF

      Phoenix Office Building For Sale

      Office building in high-demand Phoenix location near amenities and housing.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Land For Lease

      Retail land available for lease in a dense trade area.
      710 W Camelback Rd, Phoenix, AZ 85014
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    • Contact for pricing

      Commercial Land Lease Opportunity

      Long-term ground lease available, build-to-suit opportunity.
      4641 W Indian School Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Midtown Phoenix Land Opportunity

      Land for rent in revitalized Midtown Phoenix.
      4001 N 7Th St, Phoenix, AZ 85014
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      79,316 SF

      Phoenix Retail Space for Lease

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      Luxury Townhome in Central Phoenix

      New townhome with modern amenities, convenient location in Phoenix.
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      3,000 SF

      Prime Phoenix Executive Office Space

      3,000 SF Office, Available Now
      10th St & Indian School Rd, Phoenix, AZ 85014
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    4145 8Th St
    Phoenix, AZ 85014
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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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