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    9849 21st Ave Phoenix, AZ 85021-1825
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    9849 21st Ave Phoenix, AZ 85021-1825

    View on Map
    • Flex space
    • 9,210 SF
    • 0.83 lot acres
    Off-Market
    Property ID
    US07-1013123
    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.
    Value Estimations
    $2,980,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • B L Draft Consulting, LLC / Construction Company
    • TLC International / Factory / Industrial Manufacturer

    Property Details for 9849 21st Ave

    Year built
    1994
    Construction
    CONCRETE
    Lot size
    0.83 lot acres
    Property size
    9,210 SF
    Zone code
    A-1
    Property type
    Flex space
    APN
    149-10-008X
    APU
    14910008X

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,997,000
      Market price range: $1.08M - $3.65M
      AI Estimate
      $2,964,000
      Market price range: $1.05M - $3.63M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,025,000
      Current use
      RESTAURANT
      $4,920,000
      Change: +143% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,890,000
      Change: +92% Conversion: Easy
      OFFICE BUILDING
      $3,335,000
      Change: +65% Conversion: Difficult
      RETAIL STORES
      $2,745,000
      Change: +35% Conversion: Moderate
      MEDICAL BUILDING
      $2,445,000
      Change: +21% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,390,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.103
    Latitude
    33.5766
    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
    $14,690
    $0.00
    $0.00
    $254,942
    -
    $456,600
    $1,088,500
    $1,545,100

    Comparable in this City

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      $11,390,000
      28,827 SF

      9013 24th Ave

      LIGHT INDUSTRIAL • 28,827 SF
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      View Details
    • Value Estimation
      $1,610,000
      5,300 SF

      1644 Hatcher Rd

      LIGHT INDUSTRIAL • 5,300 SF
      1644 Hatcher Rd, Phoenix, AZ 85021-2193
      View Details
    • Value Estimation
      $3,725,000
      15,345 SF

      2612 Townley Ave

      LIGHT INDUSTRIAL • 15,345 SF
      2612 Townley Ave, Phoenix, AZ 85021-4159
      View Details
    • Value Estimation
      $2,740,000
      9,384 SF

      9845 21st Ave

      LIGHT INDUSTRIAL • 9,384 SF
      9845 21st Ave, Phoenix, AZ 85021-1884
      View Details
    • Value Estimation by Request
      2,200 SF

      9849 19th Dr

      LIGHT INDUSTRIAL • 2,200 SF
      9849 19th Dr, Phoenix, AZ 85021-1942
      View Details
    • Value Estimation
      $3,530,000
      24,000 SF

      2033 Wn Ln

      LIGHT INDUSTRIAL • 24,000 SF
      2033 Wn Ln, Phoenix, AZ 85021-1900
      View Details

    Similar Nearby for Sale

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      Office and warehouse space with distinctive architectural features.
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      Renovated 8-unit complex with Section 8 tenants and added amenities.
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      26,181 SF

      Phoenix Industrial Property For Sale

      Industrial property with excellent transportation access and seller financing.
      1502 W Hatcher Rd, Phoenix, AZ 85021
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    Similar Nearby for Lease

    • $5,500 /Mo
      4,608 SF

      Freestanding Flex Space Available

      Flex space with new AC and roll-up doors for rent.
      1524 W Hatcher Rd, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      3,496 SF

      Renovated Warehouse Space Available

      Modern warehouse space with excellent access to transportation routes.
      2340 W Mission Ln, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      1,315 SF

      Renovated Warehouse Space Available

      Warehouse space for lease with recent renovations and modern finishes.
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      View Details
    • $1.25 SF/Yr
      8,614 SF

      Phoenix Flex/Industrial Space For Sale

      Flex/Industrial property located off W Royal Palm Rd in Phoenix.
      2410 West Royal Palm Rd, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      2,318 SF

      Phoenix Flex Space For Rent

      Flex space available for rent in Phoenix, Arizona.
      2606 W Townley Ave, Phoenix, AZ 85021
      View Details
    • Contact for pricing
      1,440 SF

      Industrial Suites with I-17 Access

      Air-conditioned industrial suites with roll-up doors and I-17 access.
      2225 W Mountain View Rd, Phoenix, AZ 85021
      View Details
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    9849 21st Ave
    Phoenix, AZ 85021-1825
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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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