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20 Roeser Rd Phoenix, AZ 85041-4002

OFF-MARKET Retail space Google Maps
5,700 SF 0.56 ac lot Built 1974
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US07-0393251

Property summary

AI-generated overview

This exceptional 5,700 square foot retail property, located at 20 W Roeser Rd, Phoenix, AZ 85041, is available for lease. Completely renovated in 2023, this single-building property sits on a 0.81-acre lot and offers a flexible layout suitable for multiple tenants or a single occupant. The building features 4 suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,700 square feet. Currently, the entire 5,700 square feet is vacant. The property boasts 28 parking spaces and a 1000 Amp power supply. Located at the intersection of Central Ave and Roeser Rd, this C-2 zoned property (APN: 113-13-001-A) benefits from high visibility and convenient access. Built in 1974, the recent renovation provides a modern and sophisticated space, ideal for businesses seeking a customizable floor plan. The property's location offers excellent accessibility, with proximity to a Metro Light Rail stop and a planned park and ride. Situated in a thriving neighborhood with over 6,000 households within a one-mile radius, this property ensures high foot traffic and a large potential customer base. The property is also located within a designated opportunity zone, offering potential financial incentives. This prime location, combined with the modern amenities and flexible space, makes this property an excellent opportunity for businesses of all sizes. The property taxes are $1.30 per square foot.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction CONCRETE
Total area 5,700 SF
Lot 0.56 ac (24,217 SF)
Zoning code C-C
APN 113-31-011A
UPID US07-0393251

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$701k
Blend (final) Blend
$330k

Owner & transaction history

since 2021
Last sale
$425,000
7 recorded transactions
2021
Price N/A
2021
$425,000
2013
$210,000
2006
Price N/A
2004
$225,000
1988
Price N/A
1969
Price N/A

Zoning & alternative use

C-C · Phoenix, AZ

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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