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3120 19th Ave Phoenix, AZ 85015-6052

OFF-MARKET Office buildings Google Maps
5,000 SF 0.7 ac lot Built 1985
Trust Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.20M
Range $1.08M – $1.31M (±10%)
Property ID US07-3344174

Property summary

AI-generated overview

This exceptional Class B office building, located at 3120 N 19th Ave in Phoenix, Arizona's Northwest Phoenix submarket, offers multiple executive office suites for lease. Built in 1985, the property boasts a total of 10,848 square feet, with flexible space options ranging from a minimum of 1,831 square feet to a maximum contiguous space of 2,427 square feet. Currently, 4,258 square feet are available for immediate occupancy. The building is situated in Maricopa County, conveniently located near Thomas Road and 19th Avenue, providing easy access to major transportation routes. The property features covered parking for tenants' convenience. Ideal for businesses seeking a well-maintained, established office space in a thriving area of Phoenix, this property presents a fantastic opportunity to establish or expand your operations. The available space is perfect for a variety of executive office needs, offering the flexibility to customize your workspace to meet your specific requirements. Don't miss this chance to secure your ideal office space in this desirable Northwest Phoenix location. Contact us today to schedule a viewing and explore the possibilities. Zip code is 85015.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction STEEL FRAME
Total area 5,000 SF
Lot 0.7 ac (30,675 SF)
Zoning code R-5
APN 110-25-057B
UPID US07-3344174

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
  • Law Firm
  • Hair Salon
  • Property Management Company Real Estate Agency
  • Home Health Care Service
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.20M

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2006
$1.2M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 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 COMMERCIAL
Top alternative use upside
Auto repair, garage $2.1M +126.6%
Retail stores $1.5M +59.8%
Medical building $1.3M +42.4%

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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