Property profile

1024 1st Ave Phoenix, AZ 85003

OFF-MARKET
Office buildings
Property ID
US07-1572498
1,467 SF 0.15 ac lot Built 1929
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1929
Construction CONCRETE
Total area 1,467 SF
Lot 0.15 ac (6,500 SF)
Zoning code R-5
APN 112-24-121
UPID US07-1572498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Spa & Massage Center Alternative Medicine Practice
  • Accounting Firm

Location

1024 1st Ave Phoenix, AZ 85003-2602
Phoenix metro Census 114200 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2015
5 recorded transactions
2021
Price N/A
2015
$90,000
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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