Property profile

1853 40th St Phoenix, AZ 85008

OFF-MARKET
Retail space
Property ID
US07-0170407
1,800 SF 0.17 ac lot Built 1947
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction CONCRETE
Total area 1,800 SF
Lot 0.17 ac (7,405 SF)
Zoning code M-H
APN 126-06-052
UPID US07-0170407

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
  • Roofing Company General Contractor

Location

1853 40th St Phoenix, AZ 85008-4002
Phoenix metro Census 111300 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$549k
Blend (final) Blend
$630k

Owner & transaction history

since 2025
Last sale
$630,000
7 recorded transactions
2025
Price N/A
2024
$630,000
2014
$64,908
2010
Price N/A
2009
Price N/A
2004
$151,500
2003
$130,000

Zoning & alternative use

M-H · Phoenix, AZ
Top alternative use upside
Auto repair, garage $760,000 +75.5%
Office building $540,000 +25.1%
Medical building $480,000 +10.3%

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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