Property profile

3522 3rd Ave Phoenix, AZ 85013

OFF-MARKET
Medical Office Space
Property ID
US07-2674050
4,849 SF 0.36 ac lot Built 1979
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Construction CONCRETE
Total area 4,849 SF
Lot 0.36 ac (15,779 SF)
Zoning code R-5
APN 118-30-019A
UPID US07-2674050

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
  • Physician
  • Physician
  • Physician
  • Pediatrician Physician
  • Physician

Location

3522 3rd Ave Phoenix, AZ 85013-3903
Phoenix metro Census 110501 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
$1.91M
Blend (final) Blend
$880k

Owner & transaction history

since 2014
1 recorded transaction
2014
$799,000

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 +59.2%
Retail stores $1.4M +12.3%

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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