Property profile

319 Palm Ln Phoenix, AZ 85004

OFF-MARKET
Office buildings
Property ID
US07-0350167
3,913 SF 0.52 ac lot Built 1930
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 0.52-acre, half-acre multi-use site located in the Historic Los Olivos Neighborhood. It was built in 1930 and is zoned for Residential Office use, which permits a range of uses including office uses, a residential home, or a combination of residential and office. The property is not historically designated, allowing for potential customization consistent with applicable zoning and regulations.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Construction CONCRETE
Total area 3,913 SF
Lot 0.52 ac (22,837 SF)
Zoning code R-O
APN 118-54-017
UPID US07-0350167

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
  • Environmental Consultant Environmental Program
  • Consultant

Location

319 Palm Ln Phoenix, AZ 85004-1532
Phoenix metro Census 111800 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
$1.40M
Blend (final) Blend
$1.10M

Owner & transaction history

since 2026
Last sale
$800,000
7 recorded transactions
2026
$800,000
2013
$340,000
2011
$425,000
2011
$425,000
2003
$450,000
2002
$327,500
2002
Price N/A

Zoning & alternative use

R-O · Phoenix, AZ
Zoning description

The district R-O is intended to control developments on the edges of residential areas which, because of their location on arterial streets or other environmental conditions, are susceptible to pressures for nonresidenti…

General category MIXED_USE
Top alternative use upside
Auto repair, garage $1.7M +39.8%

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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