Property profile

7002 Sherman St Phoenix, AZ 85043

OFF-MARKET
Office buildings
Property ID
US07-1092227
11,009 SF 28.34 ac lot Built 1997
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction STEEL FRAME
Total area 11,009 SF
Lot 28.34 ac (1,234,621 SF)
Zoning code A-1
APN 104-16-028
UPID US07-1092227

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
  • Trucking Company
  • Corporate Office

Location

7002 Sherman St Phoenix, AZ 85043-4399
Phoenix metro Census 112510 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
$5.81M
Blend (final) Blend
$14.42M

Owner & transaction history

since 2019
1 recorded transaction
2019
$14.5M

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) $7.7M +132.1%
Restaurant $5.9M +78.0%
Auto repair, garage $4.7M +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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