Financial
Distress signals
Property profile

521 S 3Rd St Phoenix, AZ 85004

FOR LEASE
Commercial real estate
Property ID
US07-0554243
0.17 ac lot
Last sale May 2012 · $4,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 9,530-square-foot creative office space is located at 521 S 3rd Street in Phoenix, Arizona, within Maricopa County. The property, a single-story building, boasts a prime location and is classified as a Class B office space. Originally constructed in 1940, it underwent a significant renovation in 2013, ensuring modern amenities within a historically rich structure. The building's single-tenant occupancy provides a unique opportunity for a business seeking a substantial and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$915
Tax billed · 2023
Assessed value · 2024$29k
Effective rate3.16%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$755/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$252 – $1,191

Cap rate analysis

How does the asset earn?
424,214.29%
$119k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PUD
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts...
General categoryPLANNED_DEVELOPMENT
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon10.8
Tailor Shop10.3
Pawn Shop9.5

Location

521 S 3Rd St Phoenix, AZ 85004
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
126 Coronado, Phoenix, AZ 85004-1511 $310,000 Jan 2026 No data
138 Coronado, Phoenix, AZ 85004-1511 $300,000 Jan 2026 No data
115 Palm, Phoenix, AZ 85004-1581 $330,000 Dec 2025 59,007 SF
425 Buckeye, Phoenix, AZ 85004-2735 $35,000,000 Oct 2025 No data
Phoenix, AZ 85004 $35,000,000 Oct 2025 No data
121 Buchanan St, Phoenix, AZ 85004-2517 $7,800,000 Sep 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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