Realmo Analytics

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Property profile

1840 Southern Ave Phoenix, AZ 85041

OFF-MARKET
Drug stores
Property ID
US07-0886669
14,488 SF 1.79 ac lot Built 2003
Last sale Apr 2019 · $4,650,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail space configured for use at a hard-corner intersection with access via 19th Avenue and right-in/right-out access from Southern Avenue. It comprises approximately 14,560 square feet of retail area. The intersection serves high traffic counts, and the northwest corner features the Vista Ridge Apartments, a 308-unit multifamily development.

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?
$70k
Tax billed · 2023
Assessed value · 2024$676k
Effective rate10.34%

Value estimate

· Oct 2026
$4.61M
$4.15M – $5.07M
Submarket $/SF estimate$6.44M

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$298/SF
Submarket average, outlier-cleaned · 373 recorded sales of this use type
Observed band · Q1–Q3$118 – $551
Qualifying comparables21

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 agency31.6
Law Firm28.6
Dental Office22.8

Location

1840 Southern Ave Phoenix, AZ 85041-4631
County assessor Recorded deeds · 2 transfers 21 qualifying comp sales 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6155 35th, Phoenix, AZ 85041-4375 $1,325,000 Jan 2026 6,840 SF
2010 Baseline, Phoenix, AZ 85041-6507 $2,275,000 Dec 2023 4,959 SF
2659 Dobbins, Phoenix, AZ 85041-9414 $750,000 Mar 2021 4,100 SF
6020 35th, Phoenix, AZ 85041-5007 $3,480,225 May 2020 4,447 SF
1805 Southern, Phoenix, AZ 85041-4630 $1,652,243 Apr 2020 7,465 SF
3530 Southern, Phoenix, AZ 85041-4230 $3,993,000 Jul 2019 5,000 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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