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Property profile & analytics
FOR SALE
Office buildings

3620 N 4Th Ave Phoenix, AZ 85013

18,350 SF 0.92 ac lot Built 1987
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US07-3341968
Property summary
AI-generated overview

This exceptional 18,350-square-foot, two-story office building, situated on a 0.86-acre lot at 3620 N. 4th Ave in Phoenix, AZ, presents a rare investment opportunity. Built in 1987 and extensively renovated in 2006, the property boasts modern amenities including a sophisticated HVAC system with zoned climate control and a negative air system, all controllable via a mobile application. High-quality natural lighting is achieved through Kalwall installation. The building features 64 parking spaces and is conveniently located in the Central Corridor, approximately three miles from downtown Phoenix. Its prime location offers excellent visibility on 4th Avenue, with easy access to the Valley Metro Light Rail, Arizona State Route 51, and Interstate I-17. Surrounded by retail, restaurants, corporate anchors, medical facilities, and Arizona State University, this Class B building offers significant potential. The property includes two grease traps, one elevator, and two emergency stairwells. Zoned C-2, City of Phoenix, this fee-simple ownership presents a unique chance to acquire a well-maintained, strategically located office building in a thriving area. The building is currently vacant, providing immediate occupancy for an owner/user or the opportunity to lease to multiple tenants. The property's features include ample parking, excellent visibility, and proximity to major transportation routes and amenities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction CONCRETE
Total area 18,350 SF
Lot 0.92 ac (39,989 SF)
Zoning code C-2
APN 118-30-002B
UPID US07-3341968
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Foundation For Senior Living Adult Day Care
  • Keogh Health Connection Charitable Organization Social Service Agency
  • FSL ReCreación Central Location Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.56M
Blend (final) Blend
$6.56M
Owner & transaction history
Fsl Holding Properties LLC · 18 yrs held
Fsl Holding Properties LLC
since 2007
4 recorded transactions
2007
Price N/A
2007
Price N/A
2007
Price N/A
2006
$2.8M
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $9.8M +108.5%
Auto repair, garage $7.8M +65.0%
Retail stores $5.5M +16.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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