Intersection Development
829 N 1st Ave #201, Phoenix, AZ 85003
Phoenix, Arizona, United States
Address
City: Phoenix
State: Arizona
Postal Code: 85003
Country: United States
Business facts
Estimated annual revenue~$489.7K
Estimated employees~3
Annual payroll (2021)~$78.7K
Based on reported payroll data
Area statistics (85003)
Population9,085
Median household income$49,607
Source: US Census ACS
About
Intersection Development is located in Phoenix, Arizona. This business is working in the following industry: Real Estate Developer.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a stable category (Real Estate Developer).
EstimateCategory trend: 2024, +1.9%
Revenue trend (modeled)
~$404.9K2019
~$453.0K2020
~$579.6K2021
~$626.6K2022
~$514.9K2023
~$489.7K2024
Modeled from official industry statistics+3.9%/yr since 201980% confidence band: ±42%
Property
Lot size0.31 acres
ZoningCONTACT LOCAL JURISDICTION
CountyMaricopa
Parcel ownerJMJT ROOSEVELT 2 LLC
Last sale$7.1M (05/01/2022)
On this lotshared with 7 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$12.9K · 1 jobs reported · implies ~$61.7K annual payroll · $12.9K forgiven
Second PPP loan (2021)$16.4K · 1 jobs reported · $16.5K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Real Estate Developer in Arizona | 843 | ~$1.9B | ~$2.4M | ~$1.4M | 4.3★ | 0.4× |
Real Estate Developer in Arizona: revenue figures from the 788 of 843 businesses with estimates
Category revenue trend2024: +1.9%2023: -8.8%2022: +6.6%2021: +18.6%Modeled from business-level estimates
Chain pressure256 chains expanding in this category, led by Homesmart, Gil Sofia, ArLo (+1,726 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 671 | ~$1.1B | ~$1.6M | ~$786.5K | 4,001 | ~$373.0M | 0.6× |
| Real estate activities | 77 | ~$176.7M | ~$2.3M | — | 264 | — | — |
1 km area (all businesses): median from the 550 of 671 businesses with estimates
Estimate
Area conditions (85003)
Population9,085 ±841
Median household income$49,607 ±$9,864
Median home value$536,800
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS