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Property profile & analytics
OFF-MARKET Estimated value $505,000
Office buildings

1534 Mcdowell Rd Phoenix, AZ 85007-1634

1,801 SF 0.14 ac lot Built 1948
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US07-0327134
Property summary
AI-generated overview

This 1,801-square-foot office space in Phoenix, Arizona, is ideally situated at 1534 W McDowell Rd, offering excellent visibility and accessibility. The property features a traditional office layout with three private offices, a conference room, a bullpen area, a reception area, a breakroom, and two restrooms, one including a shower. The building sits on a 6,250-square-foot lot and is zoned R-5. The space is currently vacant and available for immediate occupancy. Benefit from 50 linear feet of frontage on McDowell Road, allowing for prominent monument and building signage. Eight dedicated parking spaces are available in the rear, with the potential for additional parking through separate negotiation with an adjacent property owner. The location provides convenient access to I-10 and I-17 freeways. A promotional, below-market lease rate is available for the first six months, and the property boasts low net, net, net (NNN) expenses. This makes it an exceptional opportunity for professionals establishing their own business or seeking an expansion location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1948
Construction STEEL FRAME
Total area 1,801 SF
Lot 0.14 ac (6,250 SF)
Zoning code R-5
APN 111-07-123
UPID US07-0327134
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AZ Safe Hands Crisis Center Medical Clinic
  • 1534 E McDowell Road Parking Lot Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$503k
Blend (final) Blend
$505k
Owner & transaction history
7 Mcdowell Rd LLC · 9 yrs held
7 Mcdowell Rd LLC
since 2017
4 recorded transactions
2017
Price N/A
2014
$165,000
2002
$99,990
1994
Price N/A
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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

Zone name Multifamily Residence Restricted Commercial
General category COMMERCIAL
Zone area 4,750.37 ac
Source Realmo
Top alternative use upside
Auto repair, garage $760,000 +10.7%
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