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Property profile

2940 40th St Phoenix, AZ 85018

OFF-MARKET
Commercial real estate
Property ID
US07-2048804
View Sample
1.39 ac lot Built 2006
Entity Owned 2-yr Hold Free & Clear

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Lot 1.39 ac (60,421 SF)
Zoning code R-3
APN 127-21-182
UPID US07-2048804

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
  • Apartment Building

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.50M

Owner & transaction history

since 2024
Last sale
$8.5M
6 recorded transactions
2024
$8.5M
2022
$9.0M
2017
$2.8M
2007
Price N/A
2007
$1.9M
2007
Price N/A

Zoning & alternative use

R-3 · Phoenix, AZ
Zoning description

The purpose of R-3 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category RESIDENTIAL

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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