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    4700 N Central Ave Phoenix, AZ 85004

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    4700 N Central Ave Phoenix, AZ 85004

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    • Strip malls
    • 7,852 SF
    • 1.56 lot acres
    For Lease
    $3,420,000
    View Listing →
    Retail Space on Central Avenue For Lease
    $3,420,000
    1,687 SF

    Retail Space on Central Avenue

    Retail space available in established center on Central Avenue.

    4700 N Central Ave, Phoenix, AZ
    View Listing
    Property ID
    US07-0068610
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Paro Home / Interior Design / Home Decor Store
    • Uh Huh Honey / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Promotional Products Plus / Production Facility / Textile Manufacturer
    • Megaphone PHX / Art Studio
    • Gorman & Company / Corporate Office

    Property Details for 4700 N Central Ave

    Year built
    1963
    Construction
    CONCRETE
    Lot size
    1.56 lot acres
    Property size
    7,852 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    155-28-054C
    APU
    15528054C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,613,000
      Market price range: $920k - $3.61M
      AI Estimate
      $3,224,000
      Market price range: $848k - $3.22M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,470,000
      RESTAURANT
      $4,195,000
      AUTO REPAIR, GARAGE
      $3,320,000
      RETAIL STORES
      $2,340,000
      MEDICAL BUILDING
      $2,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.074
    Latitude
    33.5062
    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
    $46,940
    $0.00
    $0.00
    $1,151,326
    -
    $4,173,000
    $2,804,731
    $6,977,731

    Comparable in this City

    • Value Estimation
      $2,080,000
      11,130 SF

      527 Camelback Rd

      SHOPPING CENTER, STRIP CENTER • 11,130 SF
      527 Camelback Rd, Phoenix, AZ 85012-1615
      View Details
    • Value Estimation
      $24,645,000
      56,603 SF

      100 Camelback Rd

      SHOPPING CENTER, STRIP CENTER • 56,603 SF
      100 Camelback Rd, Phoenix, AZ 85012-1060
      View Details
    • Value Estimation
      $2,005,000
      10,425 SF

      513 Camelback Rd

      SHOPPING CENTER, STRIP CENTER • 10,425 SF
      513 Camelback Rd, Phoenix, AZ 85012-1615
      View Details
    • Value Estimation
      $800,000
      5,302 SF

      4721 Central Ave

      SHOPPING CENTER, STRIP CENTER • 5,302 SF
      4721 Central Ave, Phoenix, AZ 85012-1711
      View Details
    • Value Estimation
      $1,715,000
      5,660 SF

      635 Indian School Rd

      SHOPPING CENTER, STRIP CENTER • 5,660 SF
      635 Indian School Rd, Phoenix, AZ 85012-7805
      View Details
    • Value Estimation
      $2,155,000
      13,010 SF

      4727 Central Ave

      SHOPPING CENTER, STRIP CENTER • 13,010 SF
      4727 Central Ave, Phoenix, AZ 85012-1711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Center with Upcoming Improvements

      Retail property with high traffic and planned upgrades.
      W Camelback Rd, Phoenix, AZ 85012
      View Details
    • $6,535,000
      15,080 SF

      Phoenix Retail Property For Sale

      Retail property available for purchase in Phoenix, Arizona.
      6021 S Central Ave, Phoenix, AZ 85012
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      Redevelopment Opportunity in Phoenix Midtown

      Two properties for sale in revitalizing Phoenix Midtown district.
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      4,250 SF

      Retail Space Near Park Central

      Retail space near updated mall, public transit, and residences.
      128 W Osborn Rd, Phoenix, AZ 85012
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    • $496,000
      1,363 SF

      New Construction Condominium with Amenities

      New construction condominium with pool, fitness center, and gated parking.
      3131 N Central Ave, Phoenix, AZ 85012
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    • Contact for pricing
      12,396 SF

      Midtown Phoenix Office/Warehouse Property

      Office and warehouse buildings in Midtown Phoenix, fully leased.
      3806 N 3Rd St, Phoenix, AZ 85012
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    Similar Nearby for Lease

    • Contact for pricing
      23,643 SF

      Arcadia Area Power Center

      Prominent shopping center with strong national tenant lineup.
      4515 E Thomas Rd, Phoenix, AZ 85012
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    • Contact for pricing
      12,800 SF

      Arcadia Area Retail Opportunity

      Prominent power center with strong national tenant lineup.
      4531 E Thomas Rd, Phoenix, AZ 85012
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space on Camelback Road

      1650 SF retail space available on Camelback Road.
      525-533 E Camelback Rd, Phoenix, AZ 85012
      View Details
    • Contact for pricing

      Phoenix Commercial Space for Lease

      Commercial space available for lease in Phoenix, Arizona.
      3110 N Central Ave, Phoenix, AZ 85012
      View Details
    • Contact for pricing
      1,520 SF

      Restaurant Space Near Saint Joseph's

      Former restaurant space with high traffic and nearby amenities.
      49-53 W Thomas Rd, Phoenix, AZ 85012
      View Details
    • Contact for pricing

      Mixed-Use Space Near Light Rail

      Office, retail, and restaurant spaces near future developments and light rail.
      3110 N Central Ave, Phoenix, AZ 85012
      View Details
    View Listing
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    Phoenix, AZ 85004
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    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
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