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    Property profile & analytics

    801 1St Ave Phoenix, AZ 85003

    • Office buildings
    • 3,300 SF
    • 0.24 lot acres
    For Lease
    View listing
    Value Estimation
    $1,745,000
    Last Sale
    Nov 30, 2023
    $1,450,000
    Location Intelligence
    Property ID
    US07-0740408
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Budoff & Ross / Attorney
    • Terribile Michael / Criminal Justice Attorney
    • Lorenz Law Firm, P.C. / Law Firm
    • Peterson Tonya J / Attorney
    • The Summit Consulting Group Inc. / Consultant

    Property Details for 801 1St Ave

    Year built
    1910
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    3,300 SF
    Zone code
    DTC-GTWY
    Property type
    Office buildings
    APN
    111-40-052
    APU
    11140052

    Description

    This exceptional Class A retail space, located at 801 N 1st Ave in Phoenix, Arizona, offers a unique opportunity within a vibrant urban mixed-use development. The property, built in 2023, boasts a total of 24,556 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible to a minimum of 5,500 square feet and offers a maximum contiguous space of 6,740 square feet, ideal for a variety of retail concepts. Situated in Maricopa County, with a zip code of 85003, this two-story building is part of a larger development encompassing a 23-story residential high-rise and a 5-story mid-rise. The development includes 388 residential units, creating a built-in customer base for retail tenants. The existing retail space includes the 6,500 square foot McKinley Medical Building, ensuring a strong foundation for the development's retail component. The remaining 5,500 square feet of street-level retail space, envisioned for restaurants and boutique shops, provides an excellent opportunity to establish a presence in a thriving urban environment. This property presents a rare chance to secure prime retail space in a brand-new, high-profile development in the heart of Phoenix. The address is 801 N 1st Ave, Phoenix, AZ 85003.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.075
    Latitude
    33.4569
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,971
    $0.00
    $0.00
    $265,590
    -
    $1,050,000
    $559,636
    $1,609,636

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    • Value Estimation by Request
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      OFFICE BUILDING • 1,815 SF
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      View Details

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    801 1St Ave
    Phoenix, AZ 85003
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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
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