Property profile

2835 Grovers Ave Phoenix, AZ 85053

OFF-MARKET
Flex space
Property ID
US07-3281338
9,904 SF 1.37 ac lot Built 1995
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1995
Construction CONCRETE
Total area 9,904 SF
Lot 1.37 ac (59,704 SF)
Zoning code IND.PK.
APN 207-04-231
UPID US07-3281338

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
  • Corporate Office

Location

2835 Grovers Ave Phoenix, AZ 85053-1919
Phoenix metro Census 618500 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
$3.92M
Blend (final) Blend
$640k

Owner & transaction history

since 2004
7 recorded transactions
2004
$895,000
1994
$74,425
1994
$1.0M
1993
$1.0M
1989
Price N/A
1988
$20.1M
1988
$20.1M

Zoning & alternative use

IND.PK. · Phoenix, AZ
Top alternative use upside
Restaurant $5.3M +142.7%
Auto repair, garage $4.2M +92.1%
Office building $3.0M +36.4%

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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