Property profile

1645 51st Ave Phoenix, AZ 85035

OFF-MARKET
Auto shops
Property ID
US07-3465353
1,936 SF 0.38 ac lot Built 1987
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1987
Construction CONCRETE
Total area 1,936 SF
Lot 0.38 ac (16,335 SF)
Zoning code C-2
APN 103-20-003W
UPID US07-3465353

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

Location

1645 51st Ave Phoenix, AZ 85035-3935
Phoenix metro Census 112301 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M

Owner & transaction history

since 2021
Last sale
$1.9M
7 recorded transactions
2021
Price N/A
2021
$1.9M
2019
$1.9M
2019
Price N/A
2018
$1.6M
2013
$1.0M
2009
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

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 wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.4M +64.8%

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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