Financial
Distress signals
Property profile

17648 N 32Nd St Phoenix, AZ 85032

FOR LEASE
Flex space
Property ID
US07-1306180
2,304 SF 0.14 ac lot Built 1981
Last sale Aug 2022 · $525,000
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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Property summary

AI-generated overview

This freestanding commercial building in Phoenix, Arizona is located at 17648 N 32nd Street (approximately 1 mile from AZ-51). The property comprises an approximately 2,304 SF building situated on a 6,055 SF lot and includes building signage. It is positioned for street visibility along N 32nd St, and the zoning is described as flexible for a variety of user types; zoning and permitted uses should be confirmed with the appropriate authority or listing broker.

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 · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2024$27k
Effective rate8.97%

Value estimate

· Sep 2026
$555k
$500k – $611k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$4k
Operating expenses−$11k
NOI · 547.80% cap applied$25k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$220/SF
Submarket average, outlier-cleaned · 486 recorded sales of this use type
Observed band · Q1–Q3$117 – $396

Cap rate analysis

How does the asset earn?
547.80%
$25k 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-3
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.2
Spa & Massage23.4
Law Firm22.8

Location

17648 N 32Nd St Phoenix, AZ 85032
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
15802 Cave Crk, Phoenix, AZ 85032-3594 $1,900,000 Feb 2026 9,375 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?”
More about this property
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