Property profile

2539 Northern Ave Phoenix, AZ 85051

OFF-MARKET
Retail space
Property ID
US07-0330660
1,260 SF 0.12 ac lot Built 1955
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial space of approximately 1,245 square feet located along Northern Avenue in Phoenix, positioned on a high-traffic/high-visibility corridor, and configured for restaurant use or other compatible commercial uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction CONCRETE
Total area 1,260 SF
Lot 0.12 ac (5,028 SF)
Zoning code C-C
APN 157-29-025
UPID US07-0330660

Cap rate & NOI

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

Location

2539 Northern Ave Phoenix, AZ 85051-4848
Phoenix metro Census 106001 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
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2019
7 recorded transactions
2020
Price N/A
2019
$265,000
2019
Price N/A
2018
Price N/A
2014
$110,000
2009
$105,000
2008
Price N/A

Zoning & alternative use

C-C · Phoenix, AZ

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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