Property profile

5115 40th St Phoenix, AZ 85018

OFF-MARKET
Specialty properties
Property ID
US07-0396910
16,888 SF 9.58 ac lot Built 1969
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Capri on Camelback offers exceptional retail leasing opportunities in Maricopa County. This 6,000 square foot commercial property is zoned C-2 and features multiple tenancy options. Two spaces are currently available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 5,000 square feet. The entire 6,000 square feet is currently vacant, presenting a unique chance for a single tenant to occupy the entire building or for multiple businesses to establish themselves in this desirable location. The flexible space allows for customization to suit various retail needs. This property is ideally situated on Camelback, offering high visibility and accessibility to a substantial customer base. The C-2 zoning provides a wide range of permitted uses, making it suitable for a variety of retail concepts. Interested parties are encouraged to inquire about lease terms and explore the possibilities of establishing their business in this prime retail location. The property's size and zoning make it an attractive option for both established businesses seeking expansion and new ventures looking for a strong foothold in a thriving market. Don't miss this opportunity to secure a prominent retail space in a highly sought-after area.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1969
Construction CONCRETE
Total area 16,888 SF
Lot 9.58 ac (417,304 SF)
Zoning code C-2
APN 171-10-018A
UPID US07-0396910

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
  • Atm
  • Apartment Complex

Location

5115 40th St Phoenix, AZ 85018-9162
Phoenix metro Census 107900 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
$180.58M
Blend (final) Blend
$144.47M

Owner & transaction history

since 2022
Last sale
$143.0M
7 recorded transactions
2022
$143.0M
2018
Price N/A
2007
$45,000
2000
$25.0M
1995
Price N/A
1994
$14.4M
1969
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

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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