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Property profile

1615 Northern Ave 153 Phoenix, AZ 85020

OFF-MARKET
Commercial real estate
Property ID
US07-0904935
View Sample
288 SF 0.01 ac lot Built 1980
Entity Owned 21-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Construction FRAME
Total area 288 SF
Lot 0.01 ac (276 SF)
Zoning code R-4
APN 165-21-224
UPID US07-0904935

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
  • Hotel & Motel
  • Hospital
  • Plumbing Service Building Supply
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2005
2 recorded transactions
2009
Price N/A
2005
$5.1M

Zoning & alternative use

R-4 · Phoenix, AZ
Zoning description

The purpose of R-4 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 RESIDENTIAL

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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