11811 Tatum BlvdPhoenix, AZ 85028

Property Details for 11811 Tatum Blvd

Year built

1986

Construction

STEEL FRAME

Lot size

9.00 AC

Property size (Sq ft)

269,091 SF

Zone code

C-O

Property type

Office buildings

APN

167-44-001J

APU

16744001J

Description

The Atria at Paradise Village, located at 11811 N Tatum Blvd in Phoenix, Arizona (zip code 85028), presents a unique retail investment opportunity. This five-story, Class C commercial property, built in 1986, boasts a total of 268,598 square feet. Currently, 16,212 square feet of retail space is available, divisible into units ranging from 1,971 to 7,453 contiguous square feet. The property offers ample parking with 945 spaces. Situated in the heart of the Paradise Valley trade area, adjacent to the PV Reimagine development, this location benefits from high visibility and strong foot traffic. The surrounding area features complementary retail businesses and diverse dining options, ensuring a vibrant and synergistic environment. The property's proximity to a dense residential community and neighboring office developments provides access to a substantial daytime population and a strong customer base. This makes Atria at Paradise Village an ideal location for businesses seeking high visibility, convenient access, and a thriving commercial environment within a high-growth market in Maricopa County.

• CAP approach

  CAP return

  Valuation

  6%

  $43,939,816

  6.5%

  $40,559,828

  7%

  $37,662,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,480,376

  Geo Method

  $41,480,376

• Alternative Use

  Use

  Valuation

  Residential

  $50,294,188

  Hospitality

  $46,069,208

  Educational

  $38,329,040

  Medical

  $39,647,232

  Retail

  $59,622,948

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5947

Longitude

-111.979

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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