509 Mcdowell Rd Phoenix, AZ 85003-1216
Property profile & analytics
509 Mcdowell Rd Phoenix, AZ 85003-1216
- Retail space
- 9,042 SF
- 0.57 lot acres
Property ID
US07-0008253
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Roses by the Stairs Brewing / Production Facility / Brewery & Distillery
- Caffe Vita Coffee Roasting / Cafe & Coffee Shop
- Cave & Post Trading Co. / (Bike/Boat/Book/etc) Store
Property Details for 509 Mcdowell Rd
- Year built
- 1956
- Lot size
- 0.57 lot acres
- Property size
- 9,042 SF
- Property type
- Retail space
- APN
- 111-31-137A
- APU
- 11131137A
Description
Easley's Center, a Class A, stabilized retail investment property located at 509 W McDowell Rd, Phoenix, AZ 85003, presents a compelling opportunity. This multi-tenant property, encompassing 13,259 square feet across two buildings on a 24,924 square foot lot, boasts 100% occupancy with seven tenants. The property features a mix of uses including restaurant, shopping center, and storefront spaces, totaling 11,959 net rentable square feet. Recently renovated in 2022, the property offers modern finishes and a distinctive design. The asking price is $5,500,000, representing a price per square foot of $414.81 and a 5.00% cap rate. The property benefits from a high-traffic location on McDowell Road, within a densely populated area with strong daytime population and income levels from nearby historic neighborhoods. Seller financing is available. The property's location provides excellent street-front exposure and is situated near the Willo and Encanto districts. This is a truly exceptional opportunity to acquire a trophy asset in a prime downtown Phoenix submarket. The property is a NNN lease type and has a Maricopa County APN of 111-31-137A.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,339,000
- AI Estimate
- $2,303,000
Market price range: $1.06M - $4.98MMarket price range: $1.04M - $4.90M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,695,000 Current use
- AUTO REPAIR, GARAGE
- $3,820,000 Change: +42% Conversion: Difficult
- OFFICE BUILDING
- $2,715,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $2,400,000 Change: -11% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,345,000 Change: -13% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,300,000 Change: -15% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.081
- Latitude
- 33.4655
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,232
$0.00
$0.00
$245,594
-
$625,500
$1,047,622
$1,673,122
