Property profile

950 Behrend Dr Phoenix, AZ 85027

OFF-MARKET
Flex space
Property ID
US07-1388519
75,363 SF 4.29 ac lot Built 2000
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a Phoenix flex space totaling 31,016 square feet. It includes two sets of restrooms with shower facilities. The finished ceiling height ranges from approximately 9 to 12 feet, with a clear height of up to approximately 20 feet to the grid, and it is equipped with a roll-up door. The building features a dedicated Cummins diesel backup generator (Model C200 D6D) rated at 200 kW/250 kVA with 300 amps and a 250-gallon fuel capacity. The site is positioned with proximity to major retail and dining centers, including Deer Valley Towne Center (approximately 550,000 square feet) and nearby shopping areas such as Happy Valley Towne Center and Desert Ridge Marketplace (collectively over approximately 2.3 million square feet), along with access to regional freeways, labor markets, amenities, and residential areas; it is also within about 5 minutes of Deer Valley Airpark and about 20 minutes of Downtown Phoenix and Sky Harbor International Airport. Corporate neighboring businesses include Cox Communications, USAA, Waste Management, American Express, Centuri Group, Cigna, PetsMart, Knight Transportation, and Discover Card.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2000
Construction CONCRETE
Total area 75,363 SF
Lot 4.29 ac (186,987 SF)
Zoning code IND.PK.
APN 209-13-980
UPID US07-1388519

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Restaurant

Location

950 Behrend Dr Phoenix, AZ 85027-4403
Phoenix metro Census 616600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.88M
Blend (final) Blend
$880k

Owner & transaction history

since 2025
Last sale
$22.5M
7 recorded transactions
2025
$22.5M
2020
Price N/A
2018
Price N/A
2015
$41.8M
2012
Price N/A
2004
$20.0M
1969
Price N/A

Zoning & alternative use

IND.PK. · Phoenix, AZ
Top alternative use upside
Auto repair, garage $31.8M +112.9%
Office building $28.0M +87.0%
Retail stores $22.5M +50.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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