Phoenix Retail Strip Center
12654 N 28th Dr Phoenix, AZ
12654 N 28th Dr, Phoenix, AZ, 00000
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For Sale
Contact for pricing
Retail strip center located just off I-17 in Phoenix.
Property Size14,537 SF
Lot Size0.98 Acres
Price / SF$137.58
Days on Market471
Property Features for 12654 N 28th Dr
General Information
- Standard status
- Active
- Size
- 14,537 SF
- Lot size
- 0.98 Acres
- Property subtype
- RETAIL
Listing agency
CBRE | Phoenix
(602) 510-0003
Listed by
Joe Pequeno · License #SA625844000
(602) 510-0003
Source
Moodyscre
Added: Apr 7, 2025 Updated: Jul 6 at 9:44AM Checked: Jul 21 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Phoenix
Investment Insights
Based on property information with market context.
This retail strip center, constructed in 1973, is located in Phoenix, Arizona, just off I-17. The property is zoned C-1 and features drive-up parking. The property offers a leaseback opportunity. The property has a size of 14537 square feet.
Key Highlights
- Located just off I‑17
- Drive up parking
- C‑1, Phoenix Zoning
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.7k | $18.00 |
| − Vacancy | −$27.0k | −$1.85 |
| EGI | $234.7k | $16.15 |
| − OpEx | −$70.4k | −$4.84 |
| NOI | $164.3k | $11.30 |
14,537 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.35M
$2.05M – $2.74M
NOI $164,300 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.14M
NOI $308,237 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail strip center located just off I-17 in Phoenix.
Where is this strip mall located?
The property is located at 12654 N 28th Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Located just off I‑17; Drive up parking; C‑1, Phoenix Zoning
