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Property profile

2941 38th St Phoenix, AZ 85018

OFF-MARKET
Commercial real estate
Property ID
US07-1352759
View Sample
7,463 SF 0.46 ac lot Built 1968
Entity Owned 3-yr Hold Free & Clear

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 7,463 SF
Lot 0.46 ac (20,234 SF)
Zoning code R-4
APN 127-21-013
UPID US07-1352759

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$5.77M

Owner & transaction history

since 2022
Last sale
$7.2M
7 recorded transactions
2022
$7.2M
2021
$5.8M
2018
$3.6M
2013
Price N/A
2008
Price N/A
1993
Price N/A
1989
Price N/A

Zoning & alternative use

R-4 · Phoenix, AZ
Zoning description

The purpose of R-4 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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