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

    4221 Raymond St Phoenix, AZ 85040-1903

    • Flex space
    • 48,800 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1512966
    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

    • The Keys Construction / Construction Company
    • Arizona Blinds / Warehouse

    Property Details for 4221 Raymond St

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    1.92 lot acres
    Property size
    48,800 SF
    Zone code
    A-1
    Property type
    Flex space
    APN
    124-54-015B
    APU
    12454015B

    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
    -111.991
    Latitude
    33.4127
    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
    $41,295
    $0.00
    $0.00
    $915,173
    -
    $704,300
    $4,842,200
    $5,546,500

    Comparable in this City

    • Value Estimation by Request
      60,384 SF

      3002 Elwood St

      LIGHT INDUSTRIAL • 60,384 SF
      3002 Elwood St, Phoenix, AZ 85040-8600
      View Details
    • Value Estimation by Request
      4,692 SF

      3540 Corona Ave

      LIGHT INDUSTRIAL • 4,692 SF
      3540 Corona Ave, Phoenix, AZ 85040-2842
      View Details
    • Value Estimation by Request
      8,450 SF

      3831 Broadway Rd

      LIGHT INDUSTRIAL • 8,450 SF
      3831 Broadway Rd, Phoenix, AZ 85040-2982
      View Details
    • Value Estimation by Request
      20,200 SF

      3767 Broadway Rd

      LIGHT INDUSTRIAL • 20,200 SF
      3767 Broadway Rd, Phoenix, AZ 85040-2900
      View Details
    • Value Estimation by Request
      3,326 SF

      3826 Illini St

      LIGHT INDUSTRIAL • 3,326 SF
      3826 Illini St, Phoenix, AZ 85040-1991
      View Details
    • Value Estimation by Request
      8,564 SF

      4835 32nd St

      LIGHT INDUSTRIAL • 8,564 SF
      4835 32nd St, Phoenix, AZ 85040-2808
      View Details

    Similar Nearby for Sale

    • $4,250,000
      21,350 SF

      Phoenix Warehouse with Recent Improvements

      Multi-tenant capable warehouse with recent and planned building improvements.
      3325 E Wier Ave, Phoenix, AZ 85040
      View Details
    • $2,500,000
      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
    • Contact for pricing
      9,867 SF

      Industrial/Flex Building with Office Space

      9,867 SF industrial/flex building with office and warehouse space.
      4615 S 33Rd Pl, Phoenix, AZ 85040
      View Details
    • Contact for pricing
      9,820 SF

      Phoenix Industrial Building For Sale

      9,820 SF industrial building for sale or lease.
      5601 S 24Th St, Phoenix, AZ 85040
      View Details
    • $2,380,320
      8,352 SF

      Freestanding Industrial Building For Sale

      Industrial building near Sky Harbor Airport with fenced yards.
      4828 S 40Th St, Phoenix, AZ 85040
      View Details
    • $12,125,000
      69,326 SF

      Phoenix Manufacturing Facility Near Airport

      Turnkey manufacturing facility with clean rooms and warehouse space.
      4114 E Wood St, Phoenix, AZ 85040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Phoenix Office/Warehouse Suite Available

      Office/warehouse suite for lease near freeways and Sky Harbor Airport.
      3646-3722 E Chipman Rd, Phoenix, AZ 85040
      View Details
    • $7,000 /Mo
      3,600 SF

      Contractor Office with Large Yard

      Phoenix contractor office with 20,000 SF yard for lease.
      5824 S 25Th St, Phoenix, AZ 85040
      View Details
    • Contact for pricing
      14,090 SF

      Phoenix Flex Space Available

      35,237 SF flex space centrally located in Phoenix.
      4323 E Cotton Center Blvd, Phoenix, AZ 85040
      View Details
    • $1.60 SF/Yr
      1,751 SF

      Phoenix Flex Space Available

      Flex space available for lease in Phoenix, Arizona.
      3416 S 48Th St, Phoenix, AZ 85040
      View Details
    • $1.35 SF/Yr
      21,167 SF

      Phoenix Flex/Industrial Space For Rent

      Flex/industrial spaces available for lease near Sky Harbor Airport.
      2330 E Jones Ave, Phoenix, AZ 85040
      View Details
    • $15 SF/Yr
      2,932 SF

      Renovated Flex Space Near Airport

      Newly renovated flex space with excellent highway access and signage.
      4001 E Broadway Rd, 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.
    4221 Raymond St
    Phoenix, AZ 85040-1903
    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.