Property profile

638 1st Ave Phoenix, AZ 85003

OFF-MARKET
Office buildings
Property ID
US07-0553339
20,031 SF 0.32 ac lot Built 1957
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Construction STEEL FRAME
Total area 20,031 SF
Lot 0.32 ac (14,000 SF)
Zoning code DTC-GTWY
APN 111-40-026
UPID US07-0553339

Cap rate & NOI

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

Location

638 1st 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
$5.26M
Blend (final) Blend
$515k

Owner & transaction history

Zoning & alternative use

DTC-GTWY · Phoenix, AZ
Zoning description

The Downtown Gateway should be a high-density, vibrant corridor with a mix of residential and commercial development designed for transit riders

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $8.5M +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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