Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4233 35th Ave Phoenix, AZ 85041-1309

    • Commercial real estate
    • 900 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2698501
    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

    • Route 66 Auto & Truck Recycler / Auto Repair Shop
    • Armandos Llantera / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 4233 35th Ave

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    0.76 lot acres
    Property size
    900 SF
    Zone code
    A-2
    Property type
    Commercial real estate
    APN
    105-49-014
    APU
    10549014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $815,000
      Market price range: $157k - $1.20M
      AI Estimate
      $845,000
      Market price range: $194k - $1.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.133
    Latitude
    33.4078
    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
    $2,926
    $0.00
    $0.00
    $40,728
    -
    $227,900
    $18,939
    $246,839

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      Phoenix, AZ 85041

      COMMERCIAL (GENERAL) • 0.27 Acres
      Phoenix, AZ 85041
      View Details
    • Value Estimation by Request
      0.16 Acres

      Phoenix, AZ 85041

      COMMERCIAL (GENERAL) • 0.16 Acres
      Phoenix, AZ 85041
      View Details
    • Value Estimation by Request
      0.44 Acres

      738 Illini St

      COMMERCIAL (GENERAL) • 0.44 Acres
      738 Illini St, Phoenix, AZ 85041-1108
      View Details
    • Value Estimation by Request
      0.02 Acres

      7035 Montezuma St

      COMMERCIAL (GENERAL) • 0.02 Acres
      7035 Montezuma St, Phoenix, AZ 85041-6846
      View Details
    • Value Estimation by Request
      3.38 Acres

      4150 Maldonado Rd

      COMMERCIAL (GENERAL) • 3.38 Acres
      4150 Maldonado Rd, Phoenix, AZ 85041
      View Details
    • Value Estimation by Request
      8.11 Acres

      2651 Levi Dr

      COMMERCIAL (GENERAL) • 8.11 Acres
      2651 Levi Dr, Phoenix, AZ 85041
      View Details

    Similar Nearby for Sale

    • $1,027,500
      6.85 Acres

      Phoenix Land with Valley Views

      Unique 6.85-acre Phoenix land parcel with development potential.
      2211 W Dobbins Rd, Phoenix, AZ 85041
      View Details
    • $950,000
      1.35 Acres

      Commercial Land in Phoenix, AZ

      1.35 AC commercial land, great location for business.
      3927 W Southern Ave, Phoenix, AZ 85041
      View Details
    • New
      $330,000
      0.99 Acres

      Phoenix Land Ideal Horse Property

      0.99-acre lot in South Phoenix, perfect for dream home.
      736 W Harwell Rd, Phoenix, AZ 85041
      View Details
    • Contact for pricing

      Land Near Loop 202 Freeway

      Land in high-growth area near Loop 202 and Dobbins Road.
      5703 W Dobbins Rd, Phoenix, AZ 85041
      View Details
    • Contact for pricing

      Phoenix Land Near Loop-202

      Commercial land for rent near Loop-202 expansion.
      4275 W Baseline Rd, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      109,332 SF

      Vacant Office Building in Phoenix

      Two-story, 109,332 SF office building for rent in Phoenix.
      10400 N 25Th Ave, Phoenix, AZ 85041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,176 SF

      Retail Space in Growing Suburb

      Retail space available in a strategically positioned shopping center.
      3525 W Southern Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      2,275 SF

      Phoenix Office Space For Rent

      Office suites available near Rose Mofford Park and Metro Center.
      10040 N 25Th Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      1,111 SF

      New Retail Space Available

      Newly built shopping center space for lease in Phoenix.
      3424 W Southern Ave, Phoenix, AZ 85041
      View Details
    • $0.87 SF/Yr
      42,996 SF

      Phoenix Warehouse Space For Lease

      42,996 SF warehouse space available for lease in Phoenix.
      24435 N 20Th Dr, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      76,254 SF

      Phoenix Retail Center Investment Opportunity

      76,254 SF Strip Center, 1,200 SF Available
      6036 7Th Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      77,575 SF

      Phoenix Warehouse Space Available

      77,575 square foot warehouse space in Phoenix, Arizona.
      23655 N 3Rd Ave, Phoenix, AZ 85041
      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.
    4233 35th Ave
    Phoenix, AZ 85041-1309
    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.
    Sign Up Successful!
    You now have access to more from Realmo!