Property profile

1602 Indian School Rd Phoenix, AZ 85015

OFF-MARKET
Office buildings
Property ID
US07-1067079
7,122 SF 0.62 ac lot Built 1977
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction CONCRETE
Total area 7,122 SF
Lot 0.62 ac (27,040 SF)
Zoning code R-5
APN 155-48-123
UPID US07-1067079

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
  • (Bike/Boat/Book/etc) Store Newspaper & Magazine
  • Restaurant
  • General Contractor

Location

1602 Indian School Rd Phoenix, AZ 85015
Phoenix metro Census 108901 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
$1.22M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2020
Last sale
$720,000
3 recorded transactions
2020
$720,000
1998
$400,000
1969
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
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

General category COMMERCIAL
Top alternative use upside
Medical building $1.9M +42.4%
Warehouse, storage $1.9M +39.2%
Neighborhood: shopping center $1.8M +36.5%

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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