Property profile

3940 83rd Ave Phoenix, AZ 85033

OFF-MARKET
Other commercial real estate
Property ID
US07-3448392
1.05 ac lot Built 1980
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Retail space within a shopping center anchored by Fry’s Marketplace. The space is an in-line, new-construction unit planned for delivery in approximately 2 years and is configured as a ground-level retail use. The center is located in an area characterized by high Hispanic demographics and significant population density. The unit provides approximately 7,000 square feet of retail space, and the site supports leasing, build-to-suit arrangements, and sale options, including a ground lease structure.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Lot 1.05 ac (45,650 SF)
Zoning code C-R
APN 102-23-943A
UPID US07-3448392

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
  • Vocational School Training Center
  • Vocational School Training Center

Location

3940 83rd Ave Phoenix, AZ 85033-3488
Phoenix metro Census 82010 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
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Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2010
3 recorded transactions
2010
Price N/A
2008
Price N/A
2007
$1.4M

Zoning & alternative use

C-R · Phoenix, AZ

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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