Property profile

2311 Northern Ave Phoenix, AZ 85021

OFF-MARKET
Office buildings
Property ID
US07-2357793
1,840 SF 0.81 ac lot Built 1915
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1915
Construction STEEL FRAME
Total area 1,840 SF
Lot 0.81 ac (35,271 SF)
Zoning code R-5
APN 157-28-011
UPID US07-2357793

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
  • (Bike/Boat/Book/etc) Store
  • Consultant
  • General Contractor Renovation Specialist

Location

2311 Northern Ave Phoenix, AZ 85021-4918
Phoenix metro Census 106002 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
$841k
Blend (final) Blend
$520k

Owner & transaction history

since 2017
7 recorded transactions
2017
$450,000
2007
$935,000
2002
Price N/A
2002
Price N/A
2002
$315,000
2000
Price N/A
2000
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.3M +92.3%
Auto repair, garage $775,000 +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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