Retail Strip Mall with Covered
For Sale
Contact for pricing
1708-1716 E McDowell Rd, Phoenix, AZ 85006
Retail strip mall with McDowell Rd frontage and city lot parking, including covered parking behind the building.
Property Size6,126 SF
Price / SF$299.27
Days on Market1182
Property Features for 1708-1716 E McDowell Rd
General Information
Standard status
Active
Size
6,126 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Moodyscre
Added: Aug 4, 2023
Changed: Oct 26
Last Checked: Oct 26 at 8:04PM
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 LevRose Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail strip mall at 1708-1716 E McDowell Rd offers a total property size of 6,126 SF. Access is described as easy to state route 51, with McDowell Rd frontage for visibility. Parking is available via a city lot, plus covered parking behind the building.
The property is positioned in a central area close to many amenities. Public remarks also note a new multi family development directly across the street.
Lease expense responsibilities are structured so tenants are responsible for all expenses except exterior walls and the roof. That framework can be useful for evaluating operational cost ownership and budgeting during tenancy.
The property is positioned in a central area close to many amenities. Public remarks also note a new multi family development directly across the street.
Lease expense responsibilities are structured so tenants are responsible for all expenses except exterior walls and the roof. That framework can be useful for evaluating operational cost ownership and budgeting during tenancy.
Key Highlights
- 6,126 SF retail strip mall
- McDowell Rd frontage
- Easy access to state route 51
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,237
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,740
$1.4M
Cap Rate 7%
$989,100
$989.1K
Cap Rate 9%
$769,300
$769.3K
Market Conditions
NOI Build-Up for 6,126 SF
Gross rent
$110.3K $18.00/SF
− Vacancy
−$11.4K −$1.85/SF
EGI
$98.9K $16.15/SF
− OpEx
−$29.7K −$4.84/SF
NOI
$69.2K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,740
Cap Rate 7%
$989,100
Cap Rate 9%
$769,300
Alternative Uses
Best Use
Retail
$989.1K
$865.5K – $1.15M
NOI $69,237 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.62M – $2.16M
NOI $129,893 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip mall with McDowell Rd frontage and city lot parking, including covered parking behind the building.
Where is this strip mall located?
The property is located at 1708-1716 E McDowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,833,333.
What are key features of this property?
This property features: 6,126 SF retail strip mall; McDowell Rd frontage; Easy access to state route 51
