Technical
Financial
Distress signals
Property profile

1505 Central Ave Phoenix, AZ 85004

OFF-MARKET
Retail space
Property ID
US07-0959523
5,685 SF 0.18 ac lot Built 1950
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction CONCRETE
Total area 5,685 SF
Lot 0.18 ac (7,872 SF)
Zoning code DTC-GTWY
APN 111-35-064B
UPID US07-0959523

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
  • Auto Repair Shop Auto Parts Store
  • Insurance Agency
  • Consultant
  • Real Estate Agency
  • Insurance Agency

Location

1505 Central Ave Phoenix, AZ 85004-1613
Phoenix metro Census 113000 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
$1.44M
Blend (final) Blend
$1.43M

Owner & transaction history

since 2020
7 recorded transactions
2020
$57.5M
2017
Price N/A
2017
$4.5M
2008
$7.0M
2006
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

DTC-GTWY · Phoenix, AZ
Zoning description

The Downtown Gateway should be a high-density, vibrant corridor with a mix of residential and commercial development designed for transit riders

General category COMMERCIAL
Top alternative use upside
Office building $1.7M +1.4%

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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