Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4202 W Washington St Phoenix, AZ 85034

    • Warehouses
    • 106,530 SF
    • 4.47 lot acres
    For Lease
    View listing
    $0.65 SF/Yr
    Last Sale
    Sep 16, 2022
    $17,250,000
    Value Estimations
    $19,010,000
    Cap Rate Potential
    3.7%
    Warehouses
    Location Intelligence
    Property ID
    US07-3292525
    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

    • Warehouses

    Property Details for 4202 W Washington St

    Year built
    1983
    Construction
    CONCRETE
    Lot size
    4.47 lot acres
    Property size
    106,530 SF
    Zone code
    A-2
    Property type
    Warehouses
    APN
    106-16-139
    APU
    10616139

    Description

    This exceptional industrial property, the Reywest Commerce Center, located at 4202 W Washington St, Phoenix, AZ 85009, offers 106,531 square feet of warehouse space in a single-tenant configuration. Currently, 115,260 square feet is available for lease, presenting a significant opportunity for immediate occupancy. Built in 1983, the building boasts a substantial 28-foot ceiling height, providing ample vertical storage capacity. Efficient operations are ensured with 12 loading docks and 14 dock-high doors, complemented by one drive-in door and 62 total parking spaces. The property's robust power supply of 3,000 amps supports demanding industrial operations. The A-2 zoning designation offers flexibility for various industrial uses. Situated in Maricopa County, this warehouse benefits from excellent access to major transportation routes, making it an ideal location for distribution and logistics businesses. The property is ready for immediate occupancy. This is a rare opportunity to secure a large, well-equipped warehouse in a prime Phoenix location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,995,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,560,000
      6.5%
      $12,520,000
      7%
      $11,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,525,000
      Market price range: $12.7M - $45.6M
      AI Estimate
      $19,027,000
      Market price range: $11.9M - $44.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $28,755,000
      Current use
      MEDICAL BUILDING
      $28,275,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.15
    Latitude
    33.4484
    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
    $79,075
    $0.00
    $0.00
    $1,438,008
    -
    $1,115,400
    $7,599,800
    $8,715,200

    Comparable in this City

    • Value Estimation by Request
      850,000 SF

      625 27Th Ave

      Distribution properties • 850,000 SF
      625 27Th Ave, Phoenix, AZ 85009
      View Details
    • Value Estimation by Request
      3.73 Acres

      1329 29th Ave

      WAREHOUSE, STORAGE • 3.73 Acres
      1329 29th Ave, Phoenix, AZ 85009-3505
      View Details
    • Value Estimation
      $29,575,000
      118,180 SF

      3918 Washington St

      WAREHOUSE, STORAGE • 118,180 SF
      3918 Washington St, Phoenix, AZ 85009-4636
      View Details
    • Value Estimation by Request
      1,960 SF

      2111 Encanto Blvd

      WAREHOUSE, STORAGE • 1,960 SF
      2111 Encanto Blvd, Phoenix, AZ 85009
      View Details
    • Value Estimation
      $3,180,000
      10,080 SF

      2220 Fillmore St

      WAREHOUSE, STORAGE • 10,080 SF
      2220 Fillmore St, Phoenix, AZ 85009-3823
      View Details
    • Value Estimation
      $2,960,000
      10,080 SF

      2200 Fillmore St

      WAREHOUSE, STORAGE • 10,080 SF
      2200 Fillmore St, Phoenix, AZ 85009-3823
      View Details

    Similar Nearby for Sale

    • $1,330,000
      7,100 SF

      Phoenix Warehouse with Paved Yard

      7,100 SF warehouse with paved yard for sale.
      1620 S 27Th Ave, Phoenix, AZ 85009
      View Details
    • $2,100,000
      9,120 SF

      Phoenix Warehouse Near 10 Freeway

      9,120 SF warehouse with 18' clear height, close to I-10.
      1502 N 29Th Ave, Phoenix, AZ 85009
      View Details
    • $12,081,356
      101,524 SF

      Phoenix Warehouse with Office Space

      Warehouse with office space in central Phoenix location.
      1911 N 22Nd Ave, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      15,743 SF

      Phoenix Industrial Property For Sale

      Industrial property featuring multiple structures and flexible tenant arrangements.
      1441 N 27Th Ave, Phoenix, AZ 85009
      View Details
    • $1,795,000
      2,984 SF

      Industrial Property with Freeway Access

      Warehouse with frontage and proximity to I-10 Freeway.
      225 S 35Th Ave, Phoenix, AZ 85009
      View Details
    • $699,000
      8,000 SF

      Phoenix Industrial Flex Property For Sale

      Industrial flex property in Phoenix, suitable for various business uses.
      723 S 37Th Ave, Phoenix, AZ 85009
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      4,432 SF

      Phoenix Warehouse with Grade Level Door

      Warehouse space featuring a grade level door, near major highways.
      2737 W Palm Ln, Phoenix, AZ 85009
      View Details
    • $7,200 /Mo
      8,001 SF

      Phoenix Warehouse with Office Space

      8,001 SF warehouse with 4,000 SF office space.
      3743 W Roanoke Ave, Phoenix, AZ 85009
      View Details
    • $1.00 SF/Yr
      4,000 SF

      Phoenix Warehouse with Grade Level Door

      4,000 SF warehouse with convenient highway access available for lease.
      2741 W Palm Ln, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      7,500 SF

      Phoenix Cross Dock Facility

      7,500 SF cross-dock facility on 4.08 acres for lease.
      946 S 25Th Ave, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      1,040 SF

      Phoenix Warehouse Space Available

      End unit warehouse space for lease near I-17.
      2823 N 36Th Ave, Phoenix, AZ 85009
      View Details
    • Contact for pricing
      34,761 SF

      Phoenix Truck Terminal with Shop

      27,661 SF truck terminal with shop on 7.86 acres.
      3045 S 43Rd Ave, Phoenix, AZ 85009
      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.
    4202 W Washington St
    Phoenix, AZ 85034
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.