Property profile

10880 32nd St Phoenix, AZ 85028

OFF-MARKET
Strip malls
Property ID
US07-0816894
9,781 SF 2.36 ac lot Built 1989
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction CONCRETE
Total area 9,781 SF
Lot 2.36 ac (102,671 SF)
Zoning code C-1
APN 166-31-001J
UPID US07-0816894

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
  • Renovation Specialist General Contractor
  • Training Center Vocational School
  • Bakery Specialty Food Shop
  • Training Center (Bike/Boat/Book/etc) Store
  • Warehouse & Storage

Location

10880 32nd St Phoenix, AZ 85028-3200
Phoenix metro Census 104802 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
$3.35M
Blend (final) Blend
$685k

Owner & transaction history

since 2009
5 recorded transactions
2009
Price N/A
1999
Price N/A
1992
$800,001
1991
$783,310
1987
$649,268

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

General category COMMERCIAL
Top alternative use upside
Restaurant $5.2M +109.8%
Auto repair, garage $4.1M +66.0%
Retail stores $2.9M +17.1%

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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