Property profile

2055 Northern Ave Phoenix, AZ 85021

OFF-MARKET
Office buildings
Property ID
US07-0051649
7,704 SF 0.68 ac lot Built 2001
Individually Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Construction STEEL FRAME
Total area 7,704 SF
Lot 0.68 ac (29,745 SF)
Zoning code C-O/G-O
APN 157-20-013B
UPID US07-0051649

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
  • Charitable Organization Social Service Agency

Location

2055 Northern Ave Phoenix, AZ 85021-5157
Phoenix metro Census 106002 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
$4.35M
Blend (final) Blend
$650k

Owner & transaction history

since 2012
7 recorded transactions
2012
$650,000
2003
$1.2M
2000
$118,980
1997
$950,000
1996
Price N/A
1988
Price N/A
1969
Price N/A

Zoning & alternative use

C-O/G-O · Phoenix, AZ
Zoning description

The purpose of C-O/G-O zone is intended to provide office use with limited customer service activities confined to the interior of the development

General category COMMERCIAL
Top alternative use upside
Commercial (general) $5.4M +92.3%
Restaurant $4.1M +47.5%
Auto repair, garage $3.3M +16.7%

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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