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    2861 N 52Nd Ave Phoenix, AZ 85035
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    2861 N 52Nd Ave Phoenix, AZ 85035

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    • Retail space
    • 5,714 SF
    • 0.46 lot acres
    For Sale
    $1,135,000
    View Listing →
    Retail/Office Project in Phoenix, AZ For Sale
    $1,135,000
    5,900 SF

    Retail/Office Project in Phoenix, AZ

    Retail/Office project with excellent access, visibility, and signage.

    2861 N 52nd Ave, Phoenix, AZ
    View Listing
    Property ID
    US07-0437308
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Estrella Insurance #208 / Insurance Agency
    • Fade City Barbershop / Barber Shop
    • Unique Cuts / Barber Shop
    • Durango Barber Shop / Hair Salon
    • Quick Corner Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 2861 N 52Nd Ave

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Property size
    5,714 SF
    Zone code
    C-N
    Property type
    Retail space
    APN
    103-54-086
    APU
    10354086

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,069,000
      Market price range: $672k - $3.15M
      AI Estimate
      $1,052,000
      Market price range: $656k - $3.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,705,000
      Current use
      OFFICE BUILDING
      $1,715,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $1,515,000
      Change: -11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,485,000
      Change: -13% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,455,000
      Change: -15% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.171
    Latitude
    33.4801
    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
    $11,507
    $0.00
    $0.00
    $112,234
    -
    $293,900
    $386,307
    $680,207

    Comparable in this City

    • Value Estimation
      $2,670,000
      10,432 SF

      6736 Mcdowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,432 SF
      6736 Mcdowell Rd, Phoenix, AZ 85035-4642
      View Details
    • Value Estimation by Request

      75th Ave & Mcdowell Rd

      Individual retail properties
      75th Ave & Mcdowell Rd, Phoenix, AZ 85035
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    • Value Estimation by Request
      2,400 SF

      4302 Mcdowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      4302 Mcdowell Rd, Phoenix, AZ 85035-4205
      View Details
    • Value Estimation
      $1,850,000
      7,000 SF

      5832 Mcdowell Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      5832 Mcdowell Rd, Phoenix, AZ 85035-4945
      View Details
    • Value Estimation
      $1,100,000
      2,010 SF

      2175 83rd Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,010 SF
      2175 83rd Ave, Phoenix, AZ 85035-3003
      View Details
    • Value Estimation
      $2,495,000
      6,250 SF

      2526 75th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,250 SF
      2526 75th Ave, Phoenix, AZ 85035-1212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Retail/Office Project in Phoenix, AZ

      Retail/Office project with excellent access, visibility, and signage.
      2861 N 52Nd Ave, Phoenix, AZ 85035
      View Details
    • $1,732,000
      2,855 SF

      Circle K NNN Ground Lease

      Absolute NNN ground lease with zero landlord responsibilities.
      7424 West Mcdowell Rd, Phoenix, AZ 85035
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      14,995 SF

      Walgreens For Sale in Phoenix

      Walgreens retail property available in Phoenix, Arizona.
      4315 W Mcdowell Rd, Phoenix, AZ 85035
      View Details
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      3,648 SF

      Phoenix Acreage with Office Space

      4.5 acre site with office space for lease.
      2619 S 51St Ave, Phoenix, AZ 85035
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    • Contact for pricing

      Phoenix Land Parcel For Sale

      Commercial land parcel in Phoenix, close to major routes.
      2524 N 83Rd Ave, Phoenix, AZ 85035
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      168,312 SF

      Phoenix Warehouse with Secured Truck Court

      168,312 SF warehouse featuring secured truck court in Phoenix.
      2550 S 51St Ave, Phoenix, AZ 85035
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    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space with High Visibility

      Retail space available near I-10 with high traffic volume.
      5106-5124 W Mcdowell Rd, Phoenix, AZ 85035
      View Details
    • Contact for pricing

      Land Adjacent to Desert Sky

      Commercial land for rent near Desert Sky Mall.
      2820 N 75Th Ave, Phoenix, AZ 85035
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space Near Desert Sky

      Retail space anchored by Walmart and Lowe's near I-10.
      2020 N 75Th Ave, Phoenix, AZ 85035
      View Details
    • Contact for pricing
      1,680 SF

      Restaurant End Cap Space Available

      1,680 SF fully-equipped former restaurant space for lease.
      5131 W Mcdowell Rd, Phoenix, AZ 85035
      View Details
    • Contact for pricing
      8,237 SF

      Former Restaurant Space Available

      Highly visible restaurant space within Desert Sky Mall.
      2810 N 75Th Ave, Phoenix, AZ 85035
      View Details
    • Contact for pricing

      Phoenix Land for Lease

      Single tenant land available for lease in Phoenix, Arizona.
      67th Ave & Mcdowell Rd, Phoenix, AZ 85035
      View Details
    View Listing
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    Phoenix, AZ 85035
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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