Property profile

44 Monroe St 105 Phoenix, AZ 85003

OFF-MARKET
Retail space
Property ID
US07-3275791
3,762 SF 0.01 ac lot Built 2008
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction STEEL FRAME
Total area 3,762 SF
Lot 0.01 ac (541 SF)
Zoning code DTC-BCORE
APN 112-21-377
UPID US07-3275791

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
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Food And Beverage Consultant
  • Real Estate Agency
  • Car Dealership
  • Law Firm

Location

44 Monroe St, Unit 105 Phoenix, AZ 85003-4553
Phoenix metro Census 114100 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2022
Last sale
$93.5M
7 recorded transactions
2022
$93.5M
2015
$50.7M
2013
$40.0M
2011
Price N/A
2010
$20.0M
2010
$20.0M
2005
$8.5M

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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