2833 3rd St Phoenix, AZ 85004-1003
Property profile & analytics
2833 3rd St, Phoenix, AZ 85004-1003
- Office buildings
- 7,728 SF
- 0.74 lot acres
Property ID
US07-0372599
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dr. Joanna Kowalik, MD / Physician / Medical Clinic
Property Details for 2833 3rd St
- Year built
- 1969
- Construction
- STEEL FRAME
- Lot size
- 0.74 lot acres
- Property size
- 7,728 SF
- Zone code
- R-5
- Property type
- Office buildings
- APN
- 118-45-011A
- APU
- 11845011A
Description
This exceptional 0.74-acre commercial land parcel, known as "The Goldwater," presents a remarkable opportunity for development in the vibrant Midtown Phoenix area. Located at 2833 N 3rd St, Phoenix, AZ 85012, this property is zoned R-5, allowing for a variety of potential uses. The site's central location offers easy access to major employers, freeways, retail establishments, and acclaimed restaurants. The existing permit-ready plans envision a 32-unit, mid-century modern garden-style apartment community, featuring a mix of studio, one-bedroom, and two-bedroom units, each designed with spacious layouts and private balconies. This presents a turnkey opportunity for an investor or developer looking to capitalize on the strong demand for housing in this thriving area of Phoenix. The asking price for this exceptional property is $2,150,000. The property's location within Maricopa County provides access to a robust infrastructure and a dynamic local economy. The site's size and zoning make it ideal for a variety of development projects, offering significant potential for future growth and return on investment. Don't miss this chance to acquire a prime piece of real estate in one of Phoenix's most sought-after neighborhoods.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,760,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,350,000
- 6.5%
- $2,170,000
- 7%
- $2,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,169,000
- AI Estimate
- $2,169,000
Market price range: $1.26M - $3.49MMarket price range: $1.26M - $3.49M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,335,000 Current use
- AUTO REPAIR, GARAGE
- $3,265,000 Change: +40% Conversion: Difficult
- RETAIL STORES
- $2,305,000 Change: -1% Conversion: Moderate
- MEDICAL BUILDING
- $2,050,000 Change: -12% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,005,000 Change: -14% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,965,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.069
- Latitude
- 33.4793
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,907
$0.00
$0.00
$239,625
-
$1,597,500
$0.00
$1,597,500
