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Property profile & analytics
OFF-MARKET Estimated value $1,680,000
Office buildings

801 1st Ave Phoenix, AZ 85003-1401

3,300 SF 0.24 ac lot Built 1910
Entity Owned 2-yr Hold Free & Clear
Property ID
US07-0740408
Property summary
AI-generated overview

This exceptional Class A retail space, located at 801 N 1st Ave in Phoenix, Arizona, offers a unique opportunity within a vibrant urban mixed-use development. The property, built in 2023, boasts a total of 24,556 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible to a minimum of 5,500 square feet and offers a maximum contiguous space of 6,740 square feet, ideal for a variety of retail concepts. Situated in Maricopa County, with a zip code of 85003, this two-story building is part of a larger development encompassing a 23-story residential high-rise and a 5-story mid-rise. The development includes 388 residential units, creating a built-in customer base for retail tenants. The existing retail space includes the 6,500 square foot McKinley Medical Building, ensuring a strong foundation for the development's retail component. The remaining 5,500 square feet of street-level retail space, envisioned for restaurants and boutique shops, provides an excellent opportunity to establish a presence in a thriving urban environment. This property presents a rare chance to secure prime retail space in a brand-new, high-profile development in the heart of Phoenix. The address is 801 N 1st Ave, Phoenix, AZ 85003.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Construction CONCRETE
Total area 3,300 SF
Lot 0.24 ac (10,500 SF)
Zoning code DTC-GTWY
APN 111-40-052
UPID US07-0740408
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Budoff & Ross Law Firm
  • Terribile Michael Law Firm
  • Lorenz Law Firm, P.C. Law Firm
  • Peterson Tonya J Law Firm
  • The Summit Consulting Group Inc. Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$1.68M
Owner & transaction history
Stoddard Roro LLC · 2 yrs held
Stoddard Roro LLC
since 2023
Last sale
$1.5M
7 recorded transactions
2023
$1.5M
2020
$945,000
2011
$525,000
1996
$76,000
1994
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DTC-GTWY · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.6M +165.0%
Auto repair, garage $1.4M +40.8%
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