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    215 Lexington St Phoenix, AZ 85012

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    For Sale
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    1,132 SF Office, Land for Sale

    Property size:
    1,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,132 square foot office building sits on a 6,384 square foot lot in Phoenix, Arizona's vibrant Midtown area, specifically between 3rd Street and Central Avenue, south of Osborn Road. The single-story building features two large rooms, each with a full-sized bathtub (previously used by a birthing company), and an upgraded restroom with a tiled shower. High-quality vinyl flooring, a fireplace, a large front room, a guest restroom, a kitchen, and storage space are included. The property is easily adaptable

    Property Features for 215 Lexington St

    General Information

    Property type
    Land
    Square Feet
    1,132 SF

    HighLights

    • 1,132 SF office building on a 6,384 SF lot in Phoenix's Midtown, between 3rd & Central, south of Osborn.
    • Single‑story building with two large rooms, upgraded restroom, and vinyl flooring.
    • Features include a fireplace, kitchen, and storage.
    • Previously used by a birthing company (two bathtubs remain).
    • Easily adaptable for various uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.070412
    Latitude
    33.4858991

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    FAQs

    What type of property is this?
    Land - 1,132 SF Office, Land for Sale
    Where is this land located?
    The property is located at 215 Lexington St Phoenix, AZ.
    What are key features of this property?
    This property features: 1,132 SF office building on a 6,384 SF lot in Phoenix's Midtown, between 3rd & Central, south of Osborn.; Single-story building with two large rooms, upgraded restroom, and vinyl flooring.; Features include a fireplace, kitchen, and storage.
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    Phoenix, AZ 85012
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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
    215 Lexington St Phoenix, AZ 85012
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