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

    6323 Van Buren St Phoenix, AZ 85043-5002

    • Office buildings
    • 3,900 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimations
    $1,910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0897267
    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

    • Madera Component Systems Inc. / Truss Manufacturer / Manufacturer
    • Raj Construction / General Contractor

    Property Details for 6323 Van Buren St

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    2.78 lot acres
    Property size
    3,900 SF
    Zone code
    A-1
    Property type
    Office buildings
    APN
    104-07-023F
    APU
    10407023F

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,924,000
      Market price range: $498k - $2.06M
      AI Estimate
      $1,897,000
      Market price range: $487k - $2.04M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,170,000
      Current use
      COMMERCIAL (GENERAL)
      $2,715,000
      Change: +132% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,650,000
      Change: +41% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,280,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $1,160,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.196
    Latitude
    33.4504
    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
    $23,826
    $0.00
    $0.00
    $181,781
    -
    $751,900
    $349,800
    $1,101,700

    Comparable in this City

    • Value Estimation by Request
      777 SF

      6839 Farmer Rd

      OFFICE BUILDING • 777 SF
      6839 Farmer Rd, Phoenix, AZ 85043
      View Details
    • Value Estimation
      $720,000
      1,368 SF

      2525 75th Ave

      OFFICE BUILDING • 1,368 SF
      2525 75th Ave, Phoenix, AZ 85043-7654
      View Details
    • Value Estimation
      $790,000
      1,504 SF

      1410 67th Ave

      OFFICE BUILDING • 1,504 SF
      1410 67th Ave, Phoenix, AZ 85043-7844
      View Details
    • Value Estimation
      $505,000
      960 SF

      5555 Van Buren St

      OFFICE BUILDING • 960 SF
      5555 Van Buren St, Phoenix, AZ 85043
      View Details
    • Value Estimation
      $1,270,000
      2,414 SF

      6316 Van Buren St

      OFFICE BUILDING • 2,414 SF
      6316 Van Buren St, Phoenix, AZ 85043-5001
      View Details
    • Value Estimation
      $6,725,000
      12,800 SF

      5220 Lowr Buckeye Rd

      OFFICE BUILDING • 12,800 SF
      5220 Lowr Buckeye Rd, Phoenix, AZ 85043-8121
      View Details

    Similar Nearby for Sale

    • 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
    • $725,000

      Phoenix Commercial Land with Building

      One acre lot with a 3,000 SF building.
      5128 W Van Buren St, Phoenix, AZ 85043
      View Details
    • $850,000

      Prime Phoenix Commercial Land

      $850K - 37,729 SF C-2 Zoned Lot
      67th Ave & Van Buren St, 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
    • Contact for pricing
      2,680 SF

      Retail Space Near Loop 202

      Retail space with premier visibility and accessibility near Loop 202.
      5041 W Lower Buckeye Rd, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      1 SF

      Land Available off Lower Buckeye

      Land in high-growth area near Loop 202 extension.
      2675 S 67Th Ave, Phoenix, AZ 85043
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      6,159 SF

      Medical Suite Sublease Opportunity

      Medical suite available for sublease near Dignity Hospital Campus.
      7205 S 51St Ave, Phoenix, AZ 85043
      View Details
    • $22 SF/Yr
      4,620 SF

      Phoenix Flex Space with Utilities

      Flex space in Phoenix, includes utilities and furnished offices.
      4857 W Van Buren St, Phoenix, AZ 85043
      View Details
    • Contact for pricing
      31,240 SF

      Phoenix Executive Office Space

      Prime Phoenix Office, Retail Opportunity
      75th Ave & Lower Buckeye Rd, Phoenix, AZ 85043
      View Details
    • $1.50 SF/Yr
      3,300 SF

      Office/Flex Space Available

      3,300 SF office/flex space with freeway access.
      10220 S 51St Ave, Phoenix, AZ 85043
      View Details
    • $0.80 SF/Yr
      82,850 SF

      Phoenix Warehouse Space Available

      82,850 SF warehouse space for lease in Phoenix.
      1711 S 47Th 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.
    6323 Van Buren St
    Phoenix, AZ 85043-5002
    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.