Entity Owned Property summary
This exceptional three-story office building, totaling 6,883 square feet, is situated on a 0.22-acre lot in the heart of Downtown Phoenix at 116 W McDowell Rd, zip code 85003. Built in 2007 and extensively renovated in 2023, the property offers a blend of creative, executive, and traditional office spaces, making it highly versatile. Its central location provides easy access to Roosevelt Row, the Metro Light Rail, Footprint Center, Chase Field, ASU and U of A Downtown campuses, and numerous… restaurants and shops. The I-10 Freeway and Sky Harbor International Airport are also within easy reach. The property's prime location benefits from the ongoing revitalization of Downtown Phoenix, with significant mixed-use development underway. This presents a unique opportunity for owner-occupancy or investment, given the current vacancy and the high demand for urban office space in this thriving area. The building features modern finishes and a desirable layout. The Maricopa County Assessor's Parcel Number (APN) is 118-56-126. The asking price is $1,975,000, translating to $286.94 per square foot.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 13 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar in This City for Sale
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,885 SF
- Lot area
- 0.22 ac
- Year built
- 2007
- Stories
- 1
- APN
- 118-56-126
- Zoning
- DTC-MCD-1
- Assessed value · 2024
- $232,340
- Annual tax · 2023
- $19,757
- Auto Repair, Garage
- Office Building · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
The McDowell Corridor should create an attractive, pedestrian-oriented mixed-use street as a gateway to the historic neighborhoods and Downtown Phoenix. The mixture of professional offices and retail establishments shoul…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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