Property profile

4131 83rd Ave Phoenix, AZ 85033

OFF-MARKET
Strip malls
Property ID
US07-0718455
9,360 SF 1.1 ac lot Built 1975
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Construction STEEL FRAME
Total area 9,360 SF
Lot 1.1 ac (47,807 SF)
Zoning code PSC
APN 102-20-941
UPID US07-0718455

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
  • Alternative Medicine Practice Spa & Massage Center
  • Hair Salon
  • Bar & Pub

Location

4131 83rd Ave Phoenix, AZ 85033-2915
Phoenix metro Census 109601 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
$1.89M
Blend (final) Blend
$665k

Owner & transaction history

since 2014
5 recorded transactions
2020
Price N/A
2014
$725,000
2001
Price N/A
1997
$560,000
1969
Price N/A

Zoning & alternative use

PSC · Phoenix, AZ
Zoning description

The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so th…

General category COMMERCIAL
Top alternative use upside
Office building $2.8M +17.9%
Retail stores $2.8M +17.1%
Medical building $2.5M +4.3%

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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