Property profile

346 3rd Ave Phoenix, AZ 85003

OFF-MARKET
Commercial real estate
Property ID
US07-1176139
0.21 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.21 ac (9,100 SF)
Zoning code DTC-VANB
APN 111-41-011A
UPID US07-1176139

Cap rate & NOI

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

Location

346 3rd Ave Phoenix, AZ 85003-1521
Phoenix metro Census 113100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.36M

Owner & transaction history

since 2021
Last sale
$3.7M
1 recorded transaction
2021
$3.7M

Zoning & alternative use

DTC-VANB · Phoenix, AZ
Zoning description

The intent of the Van Buren character area is to establish a dense, vibrant, urban mixed-use area that is a center for commerce and high-rise urban living. This area comprises some of the tallest height entitlements with…

General category MIXED_USE

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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