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    Property profile & analytics
    OFF-MARKET Estimated value $1,630,000
    Strip malls

    4840 83rd Ave, Phoenix, AZ 85033-1045

    6,500 SF 0.63 ac lot Built 2001
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US07-0398198
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a 1,200 square foot space within a multi-tenant building at 4840 N 83rd Ave, Phoenix, Arizona, 85033. Built in 2002, the property boasts excellent frontage and visibility, situated directly across from a Safeway grocery store. The building is strategically located adjacent to well-established national retailers including AutoZone, Walgreens, and Ace Hardware. This PAD (Pad Adjacent to Dominant Tenant) benefits from the high traffic generated by these anchor tenants. Current occupants include Subway, MetroPCS, and Papa John's Pizza, creating a vibrant and successful retail environment. The property is zoned C-2, offering flexibility for a variety of retail uses. Monument signage is available, providing excellent branding opportunities. The location offers unparalleled convenience, being just two miles from State Farm Stadium and in close proximity to major transportation arteries, Loop 101 and I-10. The property's Maricopa County location (APN 102-19-975) ensures easy access to a large and diverse customer base. This is an ideal opportunity for a business seeking high visibility and strong foot traffic in a thriving commercial area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2001
    Construction CONCRETE
    Total area 6,500 SF
    Lot 0.63 ac (27,277 SF)
    Zoning code C-1
    APN 102-19-975
    UPID US07-0398198
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Papa John's Pizza Restaurant
    • Subway Take-out & Catering
    • CUTS N CLIPPERS BARBER SHOP Barber Shop
    • Western Union Bank Credit Union
    • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.71M
    Blend (final) Blend
    $1.63M
    Owner & transaction history
    Park Arizona LLC · 7 yrs held
    Park Arizona LLC
    since 2018
    5 recorded transactions
    2018
    $2.2M
    2016
    $1.8M
    2006
    2002
    $1.5M
    2000
    $330,000
    Zoning & alternative use
    C-1 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $2.0M +17.9%
    Retail stores $1.9M +17.1%
    Medical building $1.7M +4.3%
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