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    Property profile & analytics

    6929 Southern Ave Laveen, AZ 85339-2940

    • Office buildings
    • 5,304 SF
    • 7.21 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2021
    Value Estimations
    $2,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1241576
    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

    • Office buildings

    Property Details for 6929 Southern Ave

    Year built
    2005
    Lot size
    7.21 lot acres
    Property size
    5,304 SF
    Zone code
    IND-3
    Property type
    Office buildings
    APN
    104-83-002Q
    APU
    10483002Q

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,219,000
      Market price range: $559k - $2.22M
      AI Estimate
      $2,190,000
      Market price range: $524k - $2.19M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,025,000
      AUTO REPAIR, GARAGE
      $2,355,000
      RETAIL STORES
      $1,785,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,675,000
      MEDICAL BUILDING
      $1,350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Laveen
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.208
    Latitude
    33.3905
    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
    $28,736
    $0.00
    $0.00
    $485,430
    -
    $1,534,700
    $1,407,297
    $2,941,997

    Comparable in this City

    • Value Estimation
      $725,000
      1,745 SF

      6650 75th Ln

      OFFICE BUILDING • 1,745 SF
      6650 75th Ln, Laveen, AZ 85339
      View Details
    • Value Estimation by Request
      302 SF

      6950 Southern Ave

      OFFICE BUILDING • 302 SF
      6950 Southern Ave, Laveen, AZ 85339-2913
      View Details
    • Value Estimation by Request
      504 SF

      5620 67th Ave

      OFFICE BUILDING • 504 SF
      5620 67th Ave, Laveen, AZ 85339-9673
      View Details
    • Value Estimation by Request
      1,170 SF

      6212 75th Ave

      OFFICE BUILDING • 1,170 SF
      6212 75th Ave, Laveen, AZ 85339-2941
      View Details
    • Value Estimation by Request
      935 SF

      4410 Southern Ave

      OFFICE BUILDING • 935 SF
      4410 Southern Ave, Laveen, AZ 85339-9790
      View Details
    • Value Estimation by Request
      1,185 SF

      6725 Baseline Rd

      OFFICE BUILDING • 1,185 SF
      6725 Baseline Rd, Laveen, AZ 85339-1271
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.45 Acres

      Laveen Land: Prime Development Site

      3.45-acre C-2 zoned lot, high traffic area.
      51st Ave & Southern Ave, Phoenix, AZ 85339
      View Details
    • Contact for pricing

      Laveen Retail Land - High Traffic

      Prime 108,784 SF commercial lot, ideal for retail development.
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    • $320,000
      1.70 Acres

      Laveen Ranch Lot with Irrigation

      1.7 acre Laveen lot with irrigation rights, shared well.
      300-15-012 P --, Laveen, AZ 85339
      View Details
    • $425,000
      5.50 Acres

      Land in Laveen with Views

      5.48+ acre land parcel with valley views in Laveen.
      4005 W Sunrise Dr, Laveen, AZ 85339
      View Details
    • $175,000
      1.25 Acres

      Laveen Homesite with Panoramic Views

      Coveted Laveen homesite with 180-degree city and mountain views.
      9600 S 37Th Ave, Laveen, AZ 85339
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Laveen Commercial Land - High Visibility

      Prime Laveen land, C-2 zoning, 0.6 acres.
      55th Ave And Baseline Rd, Phoenix, AZ 85339
      View Details
    • Contact for pricing
      53,579 SF

      Prime Laveen Commercial Land

      1.23 Acres, C-2 Zoning, Phoenix Area
      35th Ave & Baseline Rd, Phoenix, AZ 85339
      View Details
    • Contact for pricing
      26,970 SF

      Loop 202 Retail Center - Laveen, AZ

      Phoenix retail space, multiple suites available.
      0 Loop 202 & Baseline Rd, Phoenix, AZ 85339
      View Details
    • Contact for pricing
      330,000 SF

      Laveen Towne Center Retail Space

      Prime 330,000 SF Retail Opportunity
      0 Sec Loop 202 & Dobbins Rd, Phoenix, AZ 85339
      View Details
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    Laveen, AZ 85339-2940
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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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