Property profile

2820 W Dove Valley Rd Phoenix, AZ 85085

FOR LEASE
Retail space
Property ID
US07-2445457
7,360 SF 1.39 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
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2820 W Dove Valley Rd, Phoenix, AZ 85085 For Lease
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2820 W Dove Valley Rd, Phoenix, AZ 85085
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Property summary

AI-generated overview

This exceptional 1.2 to 1.4-acre commercial property, located at 2820 W Dove Valley Rd, Phoenix, AZ 85085, presents a unique investment opportunity. Zoned PCD, this retail and land parcel offers two available spaces totaling 1 square foot of building space and 1 square foot of vacant space. The property benefits from its strategic location at the Northwest corner of North Valley Parkway and Dove Valley Road, providing excellent visibility and accessibility. The site enjoys high traffic counts due to its proximity to Interstate 17, serving as a key reliever road for the area's residents. This location is further enhanced by the significant residential growth in the immediate vicinity, creating a robust customer base for retail businesses. The presence of a new Honor Health hospital adjacent to the property contributes to a strong daytime population, increasing foot traffic and potential clientele. This makes the property ideally suited for a neighborhood grocery store or service center. The property's location within Maricopa County offers access to a thriving market and strong infrastructure. This is a rare opportunity to acquire a well-positioned retail property in a rapidly developing area of Phoenix.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2018
Construction CONCRETE
Total area 7,360 SF
Lot 1.39 ac (60,412 SF)
Zoning code C-2
APN 204-02-491
UPID US07-2445457

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
  • Auto Parts Store

Location

2820 W Dove Valley Rd Phoenix, AZ 85085
Phoenix metro Census 611300 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
$4.06M
Blend (final) Blend
$495k

Owner & transaction history

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) $5.1M +133.7%
Restaurant $3.9M +79.2%
Auto repair, garage $3.1M +41.8%

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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