Add Listing
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

    4331 12th St Phoenix, AZ 85014-4555

    • Office buildings
    • 2,101 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Jan 16, 2025
    $825,000
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0045704
    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

    • Vestis Group / Real Estate Agency
    • Squaw Peak Reporters, Inc. / Law Firm
    • Kane, Temple, & Myers, PLLC / Law Firm
    • Arizona Apartment Management / Property Management Company

    Property Details for 4331 12th St

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.18 lot acres
    Property size
    2,101 SF
    Zone code
    R-5
    Property type
    Office buildings
    APN
    155-06-021A
    APU
    15506021A

    Description

    The Doyle Building, a meticulously renovated (2022) 2,170 square foot single-story office building in Phoenix, Arizona, presents a unique investment opportunity. Situated on a 7,793 square foot lot at 4331 N 12th St, 85014, this property boasts a desirable Midtown Phoenix location, within easy reach of Camelback Road, the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport, and the SR-51 Freeway. Built in 1973 and designed by award-winning architect Gerald A. Doyle, the building features a mid-century modern aesthetic. Currently configured as three suites, the property offers flexible space options, with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,170 square feet. Tenants have access to 10 surface parking spaces. Suite 101 comprises 3 private offices, a lobby, kitchen, flex room, restroom, and a large conference/lounge area. Suites 102 & 103, totaling 910 square feet, each include two offices, a private restroom, and storage. Utilities (electric, phone, TV, and internet) are tenant-paid. The property is zoned R-5, Phoenix, and its APN is 155-06-021-A. Currently 100% leased, this property offers a strong return on investment with potential for future growth in a thriving Phoenix submarket. The building's versatile layout makes it suitable for various office uses, including traditional, executive, creative, and medical offices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $604,000
      Market price range: $313k - $850k
      AI Estimate
      $573,000
      Market price range: $268k - $816k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $555,000
      Current use
      AUTO REPAIR, GARAGE
      $890,000
      Change: +60% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $560,000
      Change: +0% Conversion: Easy
      WAREHOUSE, STORAGE
      $545,000
      Change: -2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $535,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.056
    Latitude
    33.4994
    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
    $3,172
    $0.00
    $0.00
    $60,902
    -
    $168,600
    $200,500
    $369,100

    Comparable in this City

    • Value Estimation
      $910,000
      2,300 SF

      1138 Highland Ave

      OFFICE BUILDING • 2,300 SF
      1138 Highland Ave, Phoenix, AZ 85014-3648
      View Details
    • Value Estimation
      $2,180,000
      8,899 SF

      6520 7th St

      OFFICE BUILDING • 8,899 SF
      6520 7th St, Phoenix, AZ 85014-1211
      View Details
    • Value Estimation
      $1,340,000
      5,829 SF

      1405 Thomas Rd

      OFFICE BUILDING • 5,829 SF
      1405 Thomas Rd, Phoenix, AZ 85014
      View Details
    • Value Estimation
      $2,595,000
      7,403 SF

      736 Flynn Ln

      OFFICE BUILDING • 7,403 SF
      736 Flynn Ln, Phoenix, AZ 85014-1031
      View Details
    • Value Estimation
      $995,000
      2,508 SF

      1190 Missouri Ave

      OFFICE BUILDING • 2,508 SF
      1190 Missouri Ave, Phoenix, AZ 85014-2734
      View Details
    • Value Estimation by Request
      378 SF

      720 Montebello Ave

      OFFICE BUILDING • 378 SF
      720 Montebello Ave, Phoenix, AZ 85014-2543
      View Details

    Similar Nearby for Sale

    • $4,750,000
      18,547 SF

      Architectural Office Building with Atrium

      Garden-style office building with convenient access and recent upgrades.
      4450 N 12Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      13,468 SF

      Phoenix Office Building for Sale

      Office building in desirable Phoenix location, suitable for various uses.
      1550 E Meadowbrook Ave, Phoenix, AZ 85014
      View Details
    • $7,150,000
      32,689 SF

      Phoenix Office Building For Sale

      Office building with long-term tenant in central Phoenix.
      1501 E Osborn Rd, Phoenix, AZ 85014
      View Details
    • $2,300,000
      8,500 SF

      Prime Phoenix Office Building

      8,500 SF Traditional Office, $2.3M
      714 Rose Ln, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      3,863 SF

      Phoenix Office Building For Sale

      Office building with high traffic and excellent frontage available for sale.
      1433 E Thomas Rd, Phoenix, AZ 85014
      View Details
    • $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

    Similar Nearby for Lease

    • $20 SF/Yr

      Phoenix Office Space For Lease

      Office space available for lease in Phoenix, Arizona.
      4641 N 12Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      AZ, Phoenix- N 12th St

      Workspaces, services and support to help you work better in MD, Beltsville - Powder Mill Rd
      4641 12Th St, Phoenix, AZ 85014
      View Details
    • $22 SF/Yr
      29,458 SF

      Bethany Home Rd Office Suites

      Phoenix Office Space: 6 Suites Available
      1480 Bethany Home Rd, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      409 SF

      Phoenix Office Space Available

      Office space available for lease in Phoenix, Arizona.
      4745 N 7Th St, Phoenix, AZ 85014
      View Details
    • $20 SF/Yr

      Phoenix Office Space For Lease

      Office spaces with high-end interiors, covered parking, close to transportation.
      4641 N 12Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      3,504 SF

      Class A Office Space Available

      Two-story office building near Phoenix Country Club for rent.
      901 E Mitchell Dr, Phoenix, AZ 85014
      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.
    4331 12th St
    Phoenix, AZ 85014-4555
    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!