Property profile

1310 24th St Phoenix, AZ 85008

OFF-MARKET
Medical Office Space
Property ID
US07-2546904
8,106 SF 0.82 ac lot Built 1978
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-story, 7,207 square foot office building, located at 1310 N 24th Street in Phoenix, Arizona's Midtown/Central Phoenix submarket, presents a fantastic opportunity. Built in 1978 and extensively renovated in 2018, the property offers a blend of classic charm and modern updates. The building is zoned C-O, PHX and features three total suites, with one suite currently vacant, measuring 1,217 square feet – ideal for immediate occupancy. The minimum divisible space is also 1,217 square feet. The property sits on a 0.88-acre lot and boasts ample parking with 32 spaces available for tenants and visitors. Its convenient location at the cross streets of N 24th Street & E Culver Street, in the 85008 zip code, provides easy access to major thoroughfares and local amenities. Suitable for both traditional office and medical office uses, this property is an excellent investment opportunity in a thriving Phoenix neighborhood. The Maricopa County property, with APN numbers 116-05-016 and 116-05-017, offers a versatile space ready for immediate use. Don't miss this chance to secure a prime location in a dynamic area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction CONCRETE
Total area 8,106 SF
Lot 0.82 ac (35,641 SF)
Zoning code C-O
APN 116-05-016A
UPID US07-2546904

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
  • Physician
  • Physician
  • Physician
  • Medical Clinic
  • Medical Clinic Hospital

Location

1310 24th St Phoenix, AZ 85008-4617
Phoenix metro Census 113503 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
$2.55M
Blend (final) Blend
$2.51M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2017
$775,000
2014
$410,000

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.4M +59.2%
Office building $2.4M +13.4%

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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