Property profile

8920 23rd Ave Phoenix, AZ 85021

OFF-MARKET
Office buildings
Property ID
US07-3059717
8,170 SF 0.81 ac lot Built 1981
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction CONCRETE
Total area 8,170 SF
Lot 0.81 ac (35,284 SF)
Zoning code C-O
APN 158-02-006D
UPID US07-3059717

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
  • Home Inspector
  • Church
  • Insurance Agency

Location

8920 23rd Ave Phoenix, AZ 85021-4376
Phoenix metro Census 105501 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
$1.66M
Blend (final) Blend
$790k

Owner & transaction history

since 2025
Last sale
$3.6M
7 recorded transactions
2025
$3.6M
2024
Price N/A
2023
Price N/A
2021
Price N/A
2020
$2.0M
2008
$5.5M
2005
$3.0M

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL
Top alternative use upside
Restaurant $4.4M +47.5%
Auto repair, garage $3.5M +16.7%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8920 23rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message