Property profile

201 Washington St 1 Phoenix, AZ 85004

OFF-MARKET
Parking lots & garages
Property ID
US07-0924375
496,350 SF 3.8 ac lot Built 2000
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2000
Construction CONCRETE
Total area 496,350 SF
Lot 3.8 ac (165,450 SF)
Zoning code DTC-BCORE
APN 112-27-120
UPID US07-0924375

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
  • Courier Service Postal Service
  • Law Firm
  • Law Firm
  • Restaurant
  • Restaurant Take-out & Catering

Location

201 Washington St, Unit 1 Phoenix, AZ 85004-2428
Phoenix metro Census 114100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$186.07M
Blend (final) Blend
$178.05M

Owner & transaction history

since 2007
3 recorded transactions
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DTC-BCORE · Phoenix, AZ
Zoning description

The Business Core character area should function as a strong regional center for employment, entertainment, conventions, tourism, and cultural institutions, drawing visitors from around the country and attracting residen…

General category COMMERCIAL
Top alternative use upside
Restaurant $265.1M +57.4%
Auto repair, garage $209.7M +24.6%

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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