5110 Indian School RdPhoenix, AZ 85031
- Retail properties
- 3,030 SF
For Sale
$2,900,000
View listing
Property Details for 5110 Indian School Rd
- Year built
- 2021
- Lot size
- 0.70 AC
- Property size (Sq ft)
- 3,030 SF
- Zone code
- C-2
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 144-44-321D
- APU
- 14444321D
Description
This exceptional investment opportunity presents a 3,071 square foot, free-standing Habit Burger Grill located at 5110 W Indian School Rd, Phoenix, AZ 85031. The property sits on a 0.7-acre lot and benefits from a highly visible location on a major thoroughfare with over 80,000 vehicles passing daily. Built in 2020, this retail property is currently 100% occupied under a Net Lease (NNN) agreement with a remaining lease term of 6.9 years (expiring 10/30/2031
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,067,108
- 6.5%
- $985,023
- 7%
- $914,664
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,177,028
- Geo Method
- $1,177,028
-
Alternative Use
- Use
- Valuation
- Residential
- $830,904
- Hospitality
- $761,104
- Educational
- $633,229
- Medical
- $655,007
- Retail
- $985,023
5110 Indian School Rd, Phoenix, Arizona
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.4955
- Longitude
- -112.17
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,283
-
-
$248,521
-
$528,300
$977,887
$1,506,187
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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