Property profile

605 3rd Ave Phoenix, AZ 85003

OFF-MARKET
Commercial real estate
Property ID
US07-0554176
0.16 ac lot Built 2009
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Lot 0.16 ac (7,000 SF)
Zoning code DTC-E-ROO
APN 111-40-034
UPID US07-0554176

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

605 3rd Ave Phoenix, AZ 85003
Phoenix metro Census 113100 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
by Request
Blend (final) Blend
$1.67M

Owner & transaction history

since 2021
Last sale
$1.8M
7 recorded transactions
2021
$5.8M
2019
Price N/A
2019
Price N/A
2017
$3.5M
2012
Price N/A
2005
$1.8M
2004
Price N/A

Zoning & alternative use

DTC-E-ROO · Phoenix, AZ
Zoning description

The Roosevelt East character area is comprised of a mixture of historic buildings with larger blocks of land with high-rise entitlements. The area will serve as a transition zone from the smaller scale Roosevelt South an…

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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