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Property profile & analytics
OFF-MARKET Estimated value $20,610,000
Parking lots & garages

1990 Camelback Rd Phoenix, AZ 85015-3462

33,670 SF 4.18 ac lot Built 1982
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US07-1048887
Property summary
AI-generated overview

This exceptional four-story executive office building, located at 1990 W Camelback Rd in Phoenix, Arizona, offers a variety of lease-ready suites. The property, built in 1983, boasts a total of 106,398 square feet situated on a generous 4.18-acre lot. The building is ideally suited for businesses seeking high-quality office space in a prime location. Multiple tenancy options are available, with suites ranging from 1,099 square feet to 3,789 square feet, providing flexibility for companies of various sizes. The building's location in Maricopa County, Arizona, offers easy access to major transportation arteries and a wealth of amenities. The address, 1990 W Camelback Rd, places the property in a highly desirable and visible area of Phoenix, enhancing its prestige and appeal. This is a rare opportunity to secure office space in a well-maintained, established building with a proven track record. The property's size and layout offer significant potential for businesses seeking a prominent presence in the Phoenix market. Interested parties are encouraged to inquire about available suite sizes and lease terms. The zip code is 85015.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1982
Construction CONCRETE
Total area 33,670 SF
Lot 4.18 ac (182,053 SF)
Zoning code C-1
APN 153-24-092A
UPID US07-1048887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Oester - Riccobono Law Firm
  • Gaxiola Richard Law Firm
  • Endeavor HCBS Nursing Home
  • Camelback Executive Realtors Real Estate Agency
  • M & A Innovations Advertising Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.99M
Blend (final) Blend
$20.61M
Owner & transaction history
Southwest Commercial Prop LLC · 13 yrs held
Southwest Commercial Prop LLC
since 2012
3 recorded transactions
2012
$2.0M
2000
$6.8M
1969
Price N/A
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $23.5M +105.3%
Restaurant $18.0M +57.4%
Auto repair, garage $14.2M +24.6%
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