Financial
Distress signals
Property profile

420 N 15Th Ave Phoenix, AZ 85007

FOR SALE
Office buildings
Property ID
US07-0976234
2,880 SF 0.18 ac lot Built 1960
Last sale Aug 2022 · $677,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
420 N 15Th Ave, Phoenix, AZ 85007 For Sale
$950,000 2,880 SF
420 N 15Th Ave, Phoenix, AZ 85007
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Property summary

AI-generated overview

A Class C office/flex building in central Phoenix, configured to support uses such as office space, showroom, contractor/professional services, or light industrial activity. The property features newer HVAC (AC) units, newer interior flooring and paint, and had the roof re-sealed. It includes 3-phase electrical power and a secure, fenced yard, and conveys with three 20-foot Conex storage containers. The building is located on a high-visibility corner lot with convenient access to interstates

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$49k
Effective rate8.53%

Value estimate

· Sep 2026
$800k
$720k – $880k
CAP approach$810k
Sales comparison$608k
NOI build-up
Gross scheduled income$92k
Vacancy & credit loss−$24k
Operating expenses−$17k
NOI · 5.41% cap applied$51k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$382/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$211 – $509
Qualifying comparables13

Cap rate analysis

How does the asset earn?
5.41%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wid...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop9.6
Tailor Shop9.4
Watch Repair Shop8.7

Location

420 N 15Th Ave Phoenix, AZ 85007
County assessor Recorded deeds · 5 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
906 Mcdowell, Phoenix, AZ 85007-1730 $665,000 Mar 2024 2,045 SF
2258 15th, Phoenix, AZ 85007 $1,000,000 Dec 2023 2,762 SF
1415 7th, Phoenix, AZ 85007-1934 $1,750,000 Dec 2022 4,160 SF
901 Watkins, Phoenix, AZ 85007-4317 $110,000 Jun 2021 2,824 SF
2450 7th, Phoenix, AZ 85007 $1,500,000 Apr 2021 2,583 SF
1114 Grand, Phoenix, AZ 85007-2337 $775,000 Feb 2021 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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