Property profile

515 51st Ave Phoenix, AZ 85043

OFF-MARKET
Office buildings
Property ID
US07-2249440
48,221 SF 38.57 ac lot Built 1967
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1967
Construction CONCRETE
Total area 48,221 SF
Lot 38.57 ac (1,680,303 SF)
Zoning code A-1
APN 103-32-516
UPID US07-2249440

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
  • Architecture School
  • Association / Organization
  • Corporate Office
  • Department Store
  • Storage Facility

Location

515 51st Ave Phoenix, AZ 85043-2703
Phoenix metro Census 112512 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
$25.44M
Blend (final) Blend
$25.33M

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2006
$1.0M
1969
Price N/A

Zoning & alternative use

A-1 · Phoenix, AZ
Zoning description

The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $33.6M +132.1%
Restaurant $25.8M +78.0%
Auto repair, garage $20.4M +40.8%

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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