4645 E Cotton Center Blvd Phoenix, AZ 85040
Property profile & analytics
4645 E Cotton Center Blvd Phoenix, AZ 85040
- Office buildings
- 117,500 SF
- 9.50 lot acres
Property ID
US07-0381208
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.
Location Intelligence
Current Use by Public Records
- Inovalon Inc / (Bike/Boat/Book/etc) Store / Corporate Office
- Best Insurance Co / Insurance Agency
- Mark H. Clark, PharmD / Pharmacy
- Estee Lauder / Cosmetic Store
- Aerotek / Employment Agency
Property Details for 4645 E Cotton Center Blvd
- Year built
- 2000
- Construction
- CONCRETE
- Lot size
- 9.50 lot acres
- Property size
- 117,500 SF
- Zone code
- CP/GCP
- Property type
- Office buildings
- APN
- 123-06-039A
- APU
- 12306039A
Description
This exceptional 116,858-square-foot Class A office building presents a unique owner-user opportunity. Located on a 9.5-acre lot at 4645 E Cotton Center Blvd, Phoenix, AZ 85040, this two-story building boasts a modern design with extensive renovations completed in 2017, including a new parking deck, roof replacement, and upgraded common areas. The property features a striking two-story lobby, ideal bay depths for maximum natural light, and ample parking (6.5 spaces per 1,000 sq ft), including 2.44 covered spaces per 1,000 sq ft. Currently 23% occupied, with an occupancy date of June 12, 2024, the building offers significant near-term income to offset costs. Modern amenities include several conference rooms, kitchens/breakrooms, and a training room. Its prime location on the Phoenix/Tempe border provides easy access to Tempe's workforce and benefits from proximity to major freeways (I-10, SR-143, and five others within a 10-minute radius), Sky Harbor Airport, and the Mill Avenue Entertainment District. The property is zoned CP/GCP (Commerce Park/General Commerce Park Option) and offers a multi-tenant configuration with two current tenants. Built in 2000, this meticulously maintained building represents a substantial investment opportunity, priced at $14,600,000 ($124.94/sq ft). Rent bumps are available.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $42,556,000
- AI Estimate
- $42,556,000
Market price range: $23.5M - $124MMarket price range: $23.5M - $124M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $66,595,000 Current use
- RESTAURANT
- $62,745,000 Change: -6% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $61,115,000 Change: -8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.981
- Latitude
- 33.4024
- 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
$251,266
$0.00
$0.00
$2,884,860
-
$4,119,742
$13,364,258
$17,484,000
