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

    4341 Thomas Rd Phoenix, AZ 85018-7605

    • Office buildings
    • 3,520 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $2,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0817454
    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

    • Kraf Inc / Restaurant

    Property Details for 4341 Thomas Rd

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Property size
    3,520 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    126-02-057A
    APU
    12602057A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,072,000
      Market price range: $911k - $2.21M
      AI Estimate
      $2,015,000
      Market price range: $496k - $2.10M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,425,000
      Current use
      COMMERCIAL (GENERAL)
      $2,450,000
      Change: +72% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,485,000
      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
    -111.988
    Latitude
    33.48
    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
    $14,075
    $0.00
    $0.00
    $167,208
    -
    $328,200
    $685,180
    $1,013,380

    Comparable in this City

    • Value Estimation
      $2,825,000
      7,335 SF

      4700 Thomas Rd

      OFFICE BUILDING • 7,335 SF
      4700 Thomas Rd, Phoenix, AZ 85018-7700
      View Details
    • Value Estimation
      $615,000
      1,800 SF

      3517 Thomas Rd

      OFFICE BUILDING • 1,800 SF
      3517 Thomas Rd, Phoenix, AZ 85018-7411
      View Details
    • Value Estimation
      $42,600,000
      103,415 SF

      3033 44th St Ste, Unit 105

      OFFICE BUILDING • 103,415 SF
      3033 44th St Ste, Phoenix, AZ 85018-7227
      View Details
    • Value Estimation
      $925,000
      1,512 SF

      3412 Indian School Rd

      OFFICE BUILDING • 1,512 SF
      3412 Indian School Rd, Phoenix, AZ 85018-5113
      View Details
    • Value Estimation
      $1,005,000
      1,645 SF

      3819 Indian School Rd

      OFFICE BUILDING • 1,645 SF
      3819 Indian School Rd, Phoenix, AZ 85018-5234
      View Details
    • Value Estimation
      $1,100,000
      2,005 SF

      3244 Indian School Rd

      OFFICE BUILDING • 2,005 SF
      3244 Indian School Rd, Phoenix, AZ 85018-5012
      View Details

    Similar Nearby for Sale

    • $1,995,000
      4,110 SF

      Multi-Tenant Office/Medical Building For Sale

      Multi-tenant office/medical building in Phoenix's redevelopment area.
      3334 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • $1,300,000
      1,363 SF

      Freestanding House for Commercial Conversion

      Freestanding house suitable for commercial conversion with frontage.
      4709 N 44Th St, Phoenix, AZ 85018
      View Details
    • $1,300,000
      1,713 SF

      Phoenix Commercial Gem: Office & Warehouse

      1,713 SF Freestanding Building, $1.3M
      4709 44Th St, Phoenix, AZ 85018
      View Details
    • $1,995,000
      4,110 SF

      Phoenix Office/Medical Building For Sale

      Office/Medical building in Phoenix's redevelopment area, ideal for owner/user.
      3334 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • $1,490,000
      2,428 SF

      Arcadia Freestanding Building For Sale

      Freestanding building in Arcadia with Indian School frontage.
      3850 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      3,106 SF

      Freestanding Building with Drive-Thru

      3,106 SF freestanding building ideal for quick-service restaurants.
      4046 E Thomas Rd, Phoenix, AZ 85018
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      31,286 SF

      North Bank Office Park Space

      Office space in Phoenix with ample parking and convenient location.
      5110 N 40 St | Phoenix, Phoenix, AZ 85018
      View Details
    • Contact for pricing

      Six-Story Suburban Office Building

      Six-story mid-rise suburban office building with classic Renaissance architecture.
      2999 N 44Th St, Phoenix, AZ 85018
      View Details
    • $21 SF/Yr
      11,400 SF

      Prime Phoenix Office Space Available

      Midtown Phoenix Office Building, 2,373 SF Available
      3313 Indian School Rd, Phoenix, AZ 85018
      View Details
    • $35 SF/Yr
      75,000 SF

      The Centre: Phoenix Office Space

      Class A Office Suites, Midtown Phoenix
      4440 32Nd St, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      47,602 SF

      Office Space for Sublease

      Available office space for sublease in Phoenix, Arizona.
      4300 E Camelback Rd, Phoenix, AZ 85018
      View Details
    • $28 SF/Yr
      28,312 SF

      Contemporary Office Space on 44th Street

      Contemporary office space with high ceilings and convenient access.
      2944 N 44Th St, Phoenix, AZ 85018
      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.
    4341 Thomas Rd
    Phoenix, AZ 85018-7605
    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.