Property profile

2740 Northern Ave Phoenix, AZ 85051

OFF-MARKET
Grocery and convenience stores
Property ID
US07-1206800
2,240 SF 0.52 ac lot Built 1986
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1986
Construction CONCRETE
Total area 2,240 SF
Lot 0.52 ac (22,521 SF)
Zoning code C-2
APN 150-06-118J
UPID US07-1206800

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
  • Gas Station
  • Atm
  • Atm

Location

2740 Northern Ave Phoenix, AZ 85051-6625
Phoenix metro Census 105601 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
$1.07M
Blend (final) Blend
$1.07M

Owner & transaction history

since 2006
2 recorded transactions
2006
$250,000
1969
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.6M +173.6%
Auto repair, garage $945,000 +66.0%
Office building $670,000 +17.9%

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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