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Property profile & analytics
FOR LEASE
Retail space

2511 W Indian School Rd Phoenix, AZ 85017

7,161 SF 0.76 ac lot Built 1976
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-2664313
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant, 7,830-square-foot freestanding retail building located at 2511 W Indian School Rd, Phoenix, AZ 85017. The property, built in 1976, boasts a prominent location with excellent visibility from Indian School Road and I-17, thanks to its monument signage. Classified as a Class C property, it's zoned C-3, Phoenix, offering considerable flexibility for a variety of retail uses. The building is currently vacant, presenting a blank canvas for a new owner/user or an investor seeking to lease the space. The property features an Absolute NNN lease type, minimizing landlord responsibilities. With a single tenancy, management is simplified. The asking price is $1,450,000. The property's Assessed Parcel Number (APN) is 110-01-001E. This is a rare chance to acquire a well-situated, freestanding retail building in a high-traffic area of Phoenix, ideal for owner-occupancy or investment purposes. The substantial square footage and prime location make this an attractive proposition for businesses seeking high visibility and accessibility. The vacant status allows for immediate customization and occupancy to suit the buyer's specific needs. This is a strong investment opportunity in a thriving market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Construction CONCRETE
Total area 7,161 SF
Lot 0.76 ac (33,018 SF)
Zoning code C-G
APN 110-01-001E
UPID US07-2664313
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.54M
Owner & transaction history
Omid And Nemat LLC · 1 yrs held
Omid And Nemat LLC
since 2025
Last sale
$1.5M
7 recorded transactions
2025
$1.5M
2022
$595,000
2011
$210,000
2010
Price N/A
2006
$804,588
2003
$780,000
2000
$825,000
Zoning & alternative use
C-G · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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