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

    610 56th Ave Phoenix, AZ 85043-4622

    • Refrigerated & Cold Storages
    • 27,984 SF
    • 4.10 lot acres
    OFF-MARKET
    Value Estimations
    $16,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1307231
    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

    • Freshly / Food Manufacturer

    Property Details for 610 56th Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    4.10 lot acres
    Property size
    27,984 SF
    Zone code
    A-2
    Property type
    Refrigerated & Cold Storages
    APN
    104-19-057
    APU
    10419057

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,236,000
      Market price range: $4.12M - $16.2M
      AI Estimate
      $16,236,000
      Market price range: $3.79M - $16.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $19,490,000
      RESTAURANT
      $14,945,000
      AUTO REPAIR, GARAGE
      $11,825,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.181
    Latitude
    33.4424
    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
    $68,785
    $0.00
    $0.00
    $1,070,058
    -
    $1,034,000
    $5,451,200
    $6,485,200

    Comparable in this City

    • Value Estimation
      $4,630,000
      7,982 SF

      5925 Van Buren St

      COLD STORAGE • 7,982 SF
      5925 Van Buren St, Phoenix, AZ 85043-3516
      View Details
    • Value Estimation
      $49,230,000
      84,846 SF

      6111 Washington St

      COLD STORAGE • 84,846 SF
      6111 Washington St, Phoenix, AZ 85043-3528
      View Details
    • Value Estimation by Request
      175,273 SF

      7600 Roosevelt St

      COLD STORAGE • 175,273 SF
      7600 Roosevelt St, Phoenix, AZ 85043-2202
      View Details
    • Value Estimation by Request
      165,892 SF

      4650 Buckeye Rd

      COLD STORAGE • 165,892 SF
      4650 Buckeye Rd, Phoenix, AZ 85043-4907
      View Details
    • Value Estimation
      $8,265,000
      14,242 SF

      5175 Watkins St

      COLD STORAGE • 14,242 SF
      5175 Watkins St, Phoenix, AZ 85043-7639
      View Details
    • Value Estimation by Request
      184,176 SF

      455 75th Ave

      COLD STORAGE • 184,176 SF
      455 75th Ave, Phoenix, AZ 85043-4123
      View Details

    Similar Nearby for Sale

    • $8,200,000
      35,328 SF

      Industrial Manufacturing Warehouse For Sale

      35,328 SF industrial manufacturing warehouse on 3.37 acres.
      841 S 71St Ave, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      106,388 SF

      Phoenix Industrial Building on Large Lot

      Single-level industrial building on 8 acres in Phoenix, Arizona.
      211 N 51St Ave, Phoenix, AZ 85043
      View Details
    • $4,500,000
      15,520 SF

      Phoenix Warehouse with Mezzanine, New Roof

      Phoenix warehouse with mezzanine, new roof, and convenient highway access.
      5723 W Washington St, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      63,160 SF

      Phoenix Industrial Property for Sale

      63,160 SF industrial property available in Phoenix, Arizona.
      5620 W Lower Buckeye Rd, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      5.00 Acres

      Phoenix Industrial Flex Space

      Five-acre lot, ample truck/trailer parking
      6030 Buckeye Rd, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      27,770 SF

      Industrial Property Near Loop 202

      Industrial property with shop space, office, and convenient highway access.
      1549 S 59Th Ave, Phoenix, AZ 85043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      218,912 SF

      Phoenix Industrial Warehouse Space

      Modern warehouse, flexible space, I-10 access.
      1250 71St Ave, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      118,210 SF

      Phoenix Distribution Facility with Loop Access

      118,210 SF Phoenix distribution facility with direct Loop 202 access.
      1002 S 56Th Ave, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      33,843 SF

      Freestanding Industrial Property Available 2025

      33,843 SF industrial property with secured yard, available January 2025.
      1045 N 71St Ave, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      320,000 SF

      Papago Commerce Center: Phoenix, AZ

      Phoenix Industrial/Office Space - 320,000 SF Available
      47th Ave & Mckinley St, Phoenix, AZ 85043
      View Details
    • $0.75 SF/Yr
      50,519 SF

      Phoenix Warehouse: 50,519 SF

      Large industrial warehouse, Phoenix, AZ. Ideal for single tenant.
      125 67Th Ave, Phoenix, AZ 85043
      View Details
    • $1.73 SF/Yr
      15,024 SF

      Phoenix Warehouse with Fenced Yard

      15,024 SF warehouse with fenced yard for lease.
      840 N 52Nd Ave, Phoenix, AZ 85043
      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.
    610 56th Ave
    Phoenix, AZ 85043-4622
    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.