Financial
Distress signals
Property profile

650 1st Ave Phoenix, AZ 85003

OFF-MARKET
Office buildings
Property ID
US07-0744798
2,753 SF 0.32 ac lot Built 1915
Last sale Feb 2025 · $1,492,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 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?
$17k
Tax billed · 2023
Assessed value · 2024$281k
Effective rate5.93%

Value estimate

· Sep 2026
$1.47M
$1.32M – $1.62M
Sales comparison$1.45M

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 958 recorded sales of this use type
Observed band · Q1–Q3$128 – $528
Qualifying comparables14

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?
DTC-GTWY
The Downtown Gateway should be a high-density, vibrant corridor with a mix of residential and commercial development designed for transit...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.8
Tanning Salon8.0
Tailor Shop8.0

Location

650 1st Ave Phoenix, AZ 85003-1515
County assessor Recorded deeds · 2 transfers 14 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
621 5th, Phoenix, AZ 85003-1528 $849,000 Feb 2026 1,912 SF
1650 1st, Phoenix, AZ 85003-1124 $1,600,000 Aug 2024 3,485 SF
801 1st, Phoenix, AZ 85003-1401 $1,450,000 Nov 2023 3,300 SF
802 5th, Phoenix, AZ 85003-1316 $740,000 Aug 2022 2,202 SF
394 3rd, Phoenix, AZ 85003-1521 $858,250 Apr 2021 3,433 SF
826 3rd, Phoenix, AZ 85003-1409 $805,000 Nov 2019 2,988 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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