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    3051 E Thomas Rd Phoenix, AZ 85008

    For Sale
    $1,200,000

    Versatile building suitable for retail, office, or residential use.

    Property size:
    5,259 SF

    Property Features for 3051 E Thomas Rd

    General Information

    Size
    5,259 SF

    Building Details

    Year built
    1985

    Source: Elijah Stephens Agent Elijah Stephens

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Mixed-Use Corner Asset

    This 5,259 SF freestanding building at 3051 East Thomas Road in Phoenix, AZ, presents a versatile opportunity for ground floor retail or office space and second floor office or residential use. Recent capital expenditures have enhanced both the interior and exterior facade. The property features 5 separate electrical meters, making it suitable for multi-tenant arrangements. The second floor is currently configured as 5 bedrooms and 2.5 bathrooms, easily convertible to office space with a common area kitchen. Located on the hard corner of 31st Street and Thomas Road, the property is surrounded by a variety of dining options, including restaurants and cafes. It is also in close proximity to the Phoenix Zoo, the Desert Botanical Garden, and Papago Park. The property provides convenient access to major highways and public transportation, including SR-51, I-10, and Loop 202. This stretch of Thomas Road sees over 35,000 vehicles per day and has over 300,000 residents located within a 5-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wireless Outlet Cellphone ... Cell Phone Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0152504
    Latitude
    33.4801047

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    FAQs

    What type of property is this?
    Retail space - Versatile building suitable for retail, office, or residential use.
    Where is this retail space located?
    The property is located at 3051 E Thomas Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Freestanding building on a hard corner location with high traffic count (35,000 vehicles per day) and dense population (300,000 residents within 5 miles).; - Mixed-use potential: Ground floor retail/office and second floor office/residential, offering flexibility for various business models.; - Five separate electrical meters enable multi-tenant arrangements, maximizing rental income potential.
    (602) 384-4550
    Request Owner's contact information
    3051 E Thomas Rd Phoenix, AZ 85008
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    Phoenix, AZ 85008
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    Realmo Value Estimation

    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.

    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.

    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
    3051 E Thomas Rd Phoenix, AZ 85008
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