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    Property profile & analytics
    OFF-MARKET Estimated value $4,260,000
    Specialty properties

    3802 28th St, Phoenix, AZ 85016-6839

    1,296 SF 2.89 ac lot Built 1969
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US07-1990322
    Property summary
    AI-generated overview

    This exceptional Phoenix light industrial property, situated on a generous 0.78-acre lot at 3802 S 28TH Street Unit 3802, presents a unique investment opportunity. Priced at $2,150,000, the property boasts significant versatility due to its multi-family zoning designation. Currently configured as five separate units, the property is ideally suited for automotive uses, featuring eleven roll-up doors and a fully functional paint booth. The existing structure includes a substantial 1158 square foot office space, currently utilized as a manager's residence, offering additional flexibility for future use. The property benefits from a recently replaced roof (2021), ensuring long-term cost savings and reduced maintenance. Its expansive size and strategic location in Phoenix make it an attractive proposition for a variety of businesses, from automotive repair and auto body shops to other industrial or even residential ventures, given the multi-family zoning. The combination of existing infrastructure, ample space, and flexible zoning makes this a truly remarkable investment opportunity with significant potential for future growth and high return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1969
    Total area 1,296 SF
    Lot 2.89 ac (126,015 SF)
    Zoning code R-3
    APN 119-03-287
    UPID US07-1990322
    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
    • Camelback Courtyard Apartment Building Apartment Complex
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.51M
    Blend (final) Blend
    $4.26M
    Owner & transaction history
    Tidan USA & Camelback Ctyd LLC · 19 yrs held
    Tidan USA & Camelback Ctyd LLC
    since 2006
    5 recorded transactions
    2006
    2006
    $6.4M
    2005
    $5.5M
    2005
    1969
    Zoning & alternative use
    R-3 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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