Financial
Distress signals
Property profile

2939 24th St Phoenix, AZ 85016

OFF-MARKET
Turn key restaurants
Property ID
US07-1237042
2,520 SF 0.42 ac lot Built 1975
Last sale Feb 2026 · $1,425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A standalone restaurant building with prominent building and monument signage and frontage on 24th Street, positioned for visibility from the Thomas Road intersection. The property includes a 2,520-square-foot building constructed in 1975, located on a site zoned C-2, providing flexibility for multiple business uses. The site is configured to support retail or medical use and offers street frontage with convenient access to major highways and downtown Phoenix. The surrounding area includes

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$11k
Tax billed · 2023
Assessed value · 2024$113k
Effective rate9.32%

Value estimate

· Sep 2026
$1.23M
$1.11M – $1.35M
Submarket $/SF estimate$1.07M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$534/SF
Submarket average, outlier-cleaned · 167 recorded sales of this use type
Observed band · Q1–Q3$260 – $828
Qualifying comparables7

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store12.3
Parking Facility11.9
Pet Grooming Service9.2

Location

2939 24th St Phoenix, AZ 85016-7813
County assessor Recorded deeds · 3 transfers 7 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2501 Indian School, Phoenix, AZ 85016-6738 $880,000 May 2025 1,710 SF
4309 16th, Phoenix, AZ 85016-5301 $745,000 Dec 2024 3,930 SF
3015 16th, Phoenix, AZ 85016-7607 $900,000 Sep 2024 2,154 SF
4143 16th, Phoenix, AZ 85016-5351 $183,625 Jun 2024 3,850 SF
2144 Indian School, Phoenix, AZ 85016-6130 $3,100,000 Aug 2023 2,250 SF
3002 24th, Phoenix, AZ 85016-7816 $625,000 Jun 2023 1,584 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2939 24th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message