Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    9831 S 51St St Phoenix, AZ 85044

    • Flex space
    • 40,632 SF
    • 5.80 lot acres
    For Lease
    View listing
    $1.50 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3336119
    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

    • Mr. Electric of Phoenix Metro / Electrician / Electric Vehicle Charging Station
    • Beratung Llc / Consultant
    • Mills Engineering LLC / Engineer
    • WestMount Tech Center / Business Center
    • Envision Luxury Builders / Landscaper / Landscape Designer

    Property Details for 9831 S 51St St

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    5.80 lot acres
    Property size
    40,632 SF
    Zone code
    IND.PK.
    Property type
    Flex space
    APN
    301-41-521C
    APU
    30141521C

    Description

    This exceptional 18,000-square-foot manufacturing facility, situated in the desirable Chandler Ind submarket of Maricopa County, presents a unique leasing opportunity. Built in 1985, the property offers a blend of established infrastructure and potential for modern upgrades. Currently, a single, sizable space of 3,053 square feet is immediately available for lease within the larger multi-tenant building. The building features one convenient drive-in bay, enhancing loading and unloading efficiency. This location is ideal for businesses seeking a well-established industrial space in a thriving area. The property's substantial size allows for flexibility in layout and configuration to suit diverse manufacturing needs. The available space provides ample room for production, storage, and office areas. Prospective tenants will appreciate the strategic location within the Chandler Ind submarket, offering easy access to major transportation routes and a skilled workforce. This is an excellent opportunity to secure a well-maintained industrial space in a prime location, ready for immediate occupancy. The property's multi-tenant nature provides a collaborative environment, while the available space offers the privacy and functionality needed for a successful operation. Serious inquiries are encouraged to explore this compelling leasing opportunity further. Contact us today to schedule a viewing and discuss your specific requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.974
    Latitude
    33.3571
    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
    $82,905
    $0.00
    $0.00
    $1,667,639
    -
    $4,014,700
    $6,092,200
    $10,106,900

    Comparable in this City

    • Value Estimation by Request
      132,273 SF

      10027 51st St

      LIGHT INDUSTRIAL • 132,273 SF
      10027 51st St, Phoenix, AZ 85044-5219
      View Details
    • Value Estimation by Request
      20,328 SF

      8249 48th St

      LIGHT INDUSTRIAL • 20,328 SF
      8249 48th St, Phoenix, AZ 85044
      View Details
    • Value Estimation by Request
      33,123 SF

      10232 51st St

      LIGHT INDUSTRIAL • 33,123 SF
      10232 51st St, Phoenix, AZ 85044-5205
      View Details
    • Value Estimation by Request
      50,108 SF

      4755 Beautiful Ln

      LIGHT INDUSTRIAL • 50,108 SF
      4755 Beautiful Ln, Phoenix, AZ 85044-5318
      View Details
    • Value Estimation by Request
      18,222 SF

      4926 Beverly Rd

      LIGHT INDUSTRIAL • 18,222 SF
      4926 Beverly Rd, Phoenix, AZ 85044-5403
      View Details
    • Value Estimation
      $1,955,000
      22,540 SF

      10220 51st St

      LIGHT INDUSTRIAL • 22,540 SF
      10220 51st St, Phoenix, AZ 85044-5231
      View Details

    Similar Nearby for Sale

    • $480,000
      1,389 SF

      Ahwatukee Executive Office Condo

      Prime Ahwatukee location, move-in ready.
      4425 Agave Rd, Phoenix, AZ 85044
      View Details
    • $235,000
      544 SF

      Reimagined Phoenix Home with Upgrades

      Renovated 1-bedroom home with modern upgrades and convenient amenities.
      4834 E Kachina Trl, Phoenix, AZ 85044
      View Details
    • $24,361,095

      Phoenix Land at 59th Avenue

      Land for sale at 59th Avenue and Elliot Road.
      5850 W Elliot Rd, Phoenix, AZ 85044
      View Details
    • $1,795,000
      4,615 SF

      Retail Property with Drive-Through

      Corner retail location with excellent access and visibility.
      Maricopa County, Phoenix, AZ 85044
      View Details
    • $5,951,400
      56,680 SF

      Phoenix Office Building - $5.9M

      56,680 SF vacant office, prime location.
      8211 48Th St, Phoenix, AZ 85044
      View Details
    • $1,795,000
      4,615 SF

      Prime Phoenix Retail Bank Building

      4,615 SF Bank Building - $1.795M
      5065 Elliot Rd, Phoenix, AZ 85044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,626 SF

      Phoenix Flex Space Available

      7,626 SF flex space with office in Phoenix.
      14647 S 50Th St, Phoenix, AZ 85044
      View Details
    • $1.50 SF/Yr
      4,276 SF

      Phoenix Flex Space Available

      Flex space featuring offices, conference room, and grade-level door.
      9831 S 51St St, Phoenix, AZ 85044
      View Details
    • $1.40 SF/Yr
      22,194 SF

      Westmount Tech Center: Industrial Space

      Chandler Industrial space for lease. Multiple suites available.
      9830 51St St, Phoenix, AZ 85044
      View Details
    • $23 SF/Yr
      41,084 SF

      Foothills Center Office Space

      Phoenix Office Building, 1 Space Available
      3930 Ray Rd, Phoenix, AZ 85044
      View Details
    • $24 SF/Yr
      45,130 SF

      Foothills Medical Office Space for Lease

      Phoenix medical office building, 2,377 SF available.
      4530 Ray Rd, Phoenix, AZ 85044
      View Details
    • Contact for pricing
      8,006 SF

      Retail Space in Growing Area

      Retail space with high visibility in a growing, affluent area.
      4811-4921 E Ray Rd, Phoenix, AZ 85044
      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.
    9831 S 51St St
    Phoenix, AZ 85044
    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.