Technical
Financial
Distress signals
Property profile

240 7th Ave Phoenix, AZ 85007

OFF-MARKET
Parking lots & garages
Property ID
US07-1817612
205,640 SF 1.6 ac lot Built 2008
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2008
Construction CONCRETE
Total area 205,640 SF
Lot 1.6 ac (69,788 SF)
Zoning code DTC-VANB
APN 112-04-978B
UPID US07-1817612

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
  • Real Estate Agency

Location

240 7th Ave Phoenix, AZ 85007-2714
Phoenix metro Census 114301 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
$25.71M
Blend (final) Blend
$24.61M

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2017
$33.3M
2009
Price N/A

Zoning & alternative use

DTC-VANB · Phoenix, AZ
Zoning description

The intent of the Van Buren character area is to establish a dense, vibrant, urban mixed-use area that is a center for commerce and high-rise urban living. This area comprises some of the tallest height entitlements with…

General category MIXED_USE

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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