Property profile

701 Carefree Hwy Phoenix, AZ 85085

OFF-MARKET
Banks
Property ID
US07-1464931
2,933 SF 0.07 ac lot Built 2018
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2018
Construction STEEL FRAME
Total area 2,933 SF
Lot 0.07 ac (2,933 SF)
Zoning code C-2
APN 211-74-141
UPID US07-1464931

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
  • Loan Service Bank

Location

701 Carefree Hwy Phoenix, AZ 85085-0100
Phoenix metro PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.14M

Owner & transaction history

since 2024
Last sale
$2.1M
1 recorded transaction
2024
$2.1M

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Commercial (general) $2.0M +30.9%

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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