Financial
Distress signals
Property profile

2902 16th St Phoenix, AZ 85016

OFF-MARKET
Grocery and convenience stores
Property ID
US07-3222957
4,822 SF 1.48 ac lot Built 2001
Last sale Nov 2021 · $4,000,000
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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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?
$40k
Tax billed · 2023
Assessed value · 2024$604k
Effective rate6.64%

Value estimate

· Sep 2026
$4.61M
$4.14M – $5.07M
Sales comparison$4.02M

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

Recently sold

What actually traded nearby?
$255/SF
Submarket average, outlier-cleaned · 167 recorded sales of this use type
Observed band · Q1–Q3$117 – $460
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.8
Dry Cleaner9.8
Locksmith9.5

Location

2902 16th St Phoenix, AZ 85016-7606
County assessor Recorded deeds · 2 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
2927 24th, Phoenix, AZ 85016-7813 $980,000 May 2025 4,551 SF
3300 24th, Phoenix, AZ 85016-7318 $1,350,000 Apr 2025 5,167 SF
4309 16th, Phoenix, AZ 85016-5301 $745,000 Dec 2024 3,930 SF
1837 Indian School, Phoenix, AZ 85016-5912 $700,000 May 2023 4,950 SF
2936 Thomas, Phoenix, AZ 85016-8035 $1,450,000 Apr 2023 4,400 SF
3178 Camelback, Phoenix, AZ 85016-4502 $5,400,000 Dec 2022 4,212 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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