4108 49Th DrPhoenix, AZ 85031

Property Details for 4108 49Th Dr

Year built

1954

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

1,372 SF

Zone code

R1-6

Property type

Office properties

Property subtype

Office buildings

APN

145-24-050

APU

14524050

Description

This Phoenix retail property at 4108 N 49th Dr, located in Maricopa County, AZ 85031, presents a compelling investment opportunity. The property, built in 1954, boasts a total of 6,869 square feet on a convenient corner lot with easy freeway access. The single-story building features 1,373 square feet of net rentable space, ideal for a variety of uses, including offices or a medical clinic. The interior features a blend of tile and carpet flooring, a neutral color palette, and well-proportioned rooms. The ceiling height ranges from 8.1 to 10 feet. The property includes two parking spaces and is zoned P32. The asking price is $360,000, with current operating expenses of $2,369. The Assessor's Parcel Number (APN) is 145-24-050. This property is currently used as a medical/dental office and is also well-suited for owner-occupancy. Its prime location and versatile space make it an attractive option for savvy investors seeking a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $328,702

  6.5%

  $303,417

  7%

  $281,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $211,494

  Geo Method

  $211,494

• Alternative Use

  Use

  Valuation

  Residential

  $376,238

  Hospitality

  $344,632

  Educational

  $286,730

  Medical

  $296,591

  Retail

  $446,024

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4952

Longitude

-112.166

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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