Property profile

2223 3rd Dr Phoenix, AZ 85003

OFF-MARKET
Commercial real estate
Property ID
US07-0916608
624 SF 0.15 ac lot Built 1940
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 624 SF
Lot 0.15 ac (6,400 SF)
Zoning code A-1
APN 112-43-002
UPID US07-0916608

Cap rate & NOI

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

Location

2223 3rd Dr Phoenix, AZ 85003-2807
Phoenix metro Census 114900 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
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Comparable Approach Comparable
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Blend (final) Blend
$890k

Owner & transaction history

since 2023
Last sale
$900,000
7 recorded transactions
2023
$900,000
2006
$505,000
1999
$9,600
1996
$19,740
1991
$255,000
1987
Price N/A
1969
Price N/A

Zoning & alternative use

A-1 · Phoenix, AZ
Zoning description

The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses

General category INDUSTRIAL

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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