Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

1612 E Southern Ave Phoenix, AZ 85040

FOR SALE
Strip malls
Property ID
US07-0347385
4,178 SF 0.34 ac lot Built 1955
Last sale Jan 2023 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 4,814 square foot freestanding building in South Phoenix offers a unique blend of retail and industrial space, ideal for a single tenant. Located at 1612 E Southern Ave, Phoenix, AZ 85040, this Class C property features a secure yard, perfect for storage or contractor use. Its prime location on Southern Avenue provides excellent visibility, boosted by prominent building and monument signage. The building's flexible layout caters to diverse business needs, making it a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$79k
Effective rate9.66%

Value estimate

· Oct 2026
$685k
$617k – $754k
Submarket $/SF estimate$652k
NOI build-up
Gross scheduled income$87k
Vacancy & credit loss−$9k
Operating expenses−$23k
NOI · 6.40% cap applied$54k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$255/SF
Submarket average, outlier-cleaned · 167 recorded sales of this use type
Observed band · Q1–Q3$117 – $460

Cap rate analysis

How does the asset earn?
6.40%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wid...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency53.6
Restaurant39.2
Building Supply38.9

Location

1612 E Southern Ave Phoenix, AZ 85040
County assessor Recorded deeds · 14 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
220 Southern, Phoenix, AZ 85040-3034 $1,580,000 Nov 2023 11,481 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again