Property profile

909 1st St Phoenix, AZ 85004

OFF-MARKET
Strip malls
Property ID
US07-0389552
3,156 SF 0.16 ac lot Built 1963
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Construction CONCRETE
Total area 3,156 SF
Lot 0.16 ac (7,000 SF)
Zoning code DTC-W-EV
APN 111-43-032
UPID US07-0389552

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
  • Cafe & Coffee Shop
  • (Bike/Boat/Book/etc) Store Newspaper & Magazine
  • Cafe & Coffee Shop
  • Hair Salon

Location

909 1st St Phoenix, AZ 85004-1902
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
$1.45M
Blend (final) Blend
$770k

Owner & transaction history

since 2015
5 recorded transactions
2015
$787,500
2014
$175,000
2001
$250,000
2001
$950,000
1969
Price N/A

Zoning & alternative use

DTC-W-EV · Phoenix, AZ
Zoning description

The primary intent of the Evans Churchill West character area is to serve as a transition between the mixed-use neighborhoods to the north and east, the Downtown Gateway Corridor to the west, and the Biomed Cluster to th…

General category MIXED_USE
Top alternative use upside
Auto repair, garage $1.3M +66.0%
Office building $955,000 +18.8%
Retail stores $940,000 +17.1%

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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