Property profile

952 Melinda Ln Phoenix, AZ 85027

OFF-MARKET
Flex space
Property ID
US07-1046949
21,061 SF 1.22 ac lot Built 2001
Entity Owned 18-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2001
Construction CONCRETE
Total area 21,061 SF
Lot 1.22 ac (53,213 SF)
Zoning code A-1
APN 209-09-911D
UPID US07-1046949

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
  • Training Center
  • Gym & Fitness Center
  • Construction Company General Contractor
  • General Contractor Renovation Specialist

Location

952 Melinda Ln Phoenix, AZ 85027-2816
Phoenix metro Census 614700 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
$7.00M
Blend (final) Blend
$730k

Owner & transaction history

since 2008
5 recorded transactions
2019
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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
Restaurant $11.2M +169.0%
Auto repair, garage $8.9M +112.9%
Office building $7.8M +87.0%

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 952 Melinda Ln?
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