Property profile

3131 Greenway Rd Phoenix, AZ 85032

OFF-MARKET
Medical Office Space
Property ID
US07-1111316
13,985 SF 1.05 ac lot Built 2007
Individually Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Construction CONCRETE
Total area 13,985 SF
Lot 1.05 ac (45,782 SF)
Zoning code C-2
APN 214-58-004A
UPID US07-1111316

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
  • Medical Clinic
  • Food Market Specialty Food Shop
  • Home Appliance Store

Location

3131 Greenway Rd Phoenix, AZ 85032-4445
Phoenix metro Census 103501 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
$5.51M
Blend (final) Blend
$690k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2019
$1.4M
2016
$800,000
2014
$1.1M
2011
$1.5M
2007
Price N/A
1994
$1.5M

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Restaurant $7.5M +101.2%
Auto repair, garage $5.9M +59.2%
Office building $4.2M +13.9%

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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