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4132 38th Dr Phoenix, AZ 85019-3502

OFF-MARKET Office buildings Google Maps
1,600 SF 0.68 ac lot Built 1976
Entity Owned ~ Est. High Equity
Estimated value (blended)
$580k
Range $522k – $638k (±10%)
Property ID US07-1019159

Property summary

AI-generated overview

This exceptional 0.68-acre parcel of land presents a unique investment opportunity in the thriving Phoenix, Arizona market. Located at 4132 N 38TH Drive Unit 4132, this property offers significant potential for a variety of commercial developments. The expansive lot size provides ample space for ambitious projects, allowing for creative design and efficient utilization of the land. Its strategic location within Phoenix offers excellent access to major transportation arteries, ensuring convenient connectivity for businesses and employees. The address is specifically 4132 N 38TH Drive Unit 4132, providing a clear and easily identifiable location for potential buyers. The asking price for this remarkable property is $2,850,000, reflecting its prime location and development potential. Given the current market conditions and the scarcity of available land in this area, this represents a compelling investment opportunity for discerning buyers seeking a foothold in the dynamic Phoenix commercial real estate sector. The property's size and location make it suitable for a range of commercial ventures, from retail spaces to light industrial uses, subject to city zoning regulations. Further due diligence is recommended to fully explore the development possibilities and ensure compliance with all applicable building codes and regulations. This is a rare chance to acquire a substantial land holding in a rapidly growing area of Phoenix. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Construction CONCRETE
Total area 1,600 SF
Lot 0.68 ac (29,621 SF)
Zoning code A-2
APN 107-12-006S
UPID US07-1019159

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
  • Big Box & Wholesale Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$580k

Owner & transaction history

since 2026
Last sale
$2.0M
6 recorded transactions
2026
$2.0M
2014
$615,000
2014
$242,500
1998
Price N/A
1993
Price N/A
1969
Price N/A

Zoning & alternative use

A-2 · Phoenix, AZ
Zoning description

The purpose of A-2 zone is to provide intensive use of property, open uses and storage, industrial processes which may involve significant amounts of heat, mechanical and chemical processing, large amounts of materials t…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.1M +21.7%

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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