Property profile

424 Adams St Phoenix, AZ 85003

OFF-MARKET
Parking lots & garages
Property ID
US07-0472295
267,960 SF 1.35 ac lot Built 1996
Individually Owned Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1996
Construction CONCRETE
Total area 267,960 SF
Lot 1.35 ac (58,659 SF)
Zoning code DTC-BCORE
APN 112-20-119
UPID US07-0472295

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

424 Adams St Phoenix, AZ 85003
Phoenix metro Census 114100 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
$48.27M
Blend (final) Blend
$46.20M

Owner & transaction history

Zoning & alternative use

DTC-BCORE · Phoenix, AZ
Zoning description

The Business Core character area should function as a strong regional center for employment, entertainment, conventions, tourism, and cultural institutions, drawing visitors from around the country and attracting residen…

General category COMMERCIAL

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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