Retail Strip Mall with Covered
1708-1716 E McDowell Rd Phoenix, AZ 85006
For Sale
Contact for pricing
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 Market1092
Property Features for 1708-1716 E McDowell Rd
General Information
Standard status
Active
Size
6,126 SF
Property subtype
RETAIL
Listing Agency:
LevRose Commercial Real Estate
(602) 369-7127
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Moodyscre
Added: Aug 4, 2023
Changed: Jul 29
Last Checked: Jul 29 at 7:19PM
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
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 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 | $110.3k | $18.00 |
| − Vacancy | −$11.4k | −$1.85 |
| EGI | $98.9k | $16.15 |
| − OpEx | −$29.7k | −$4.84 |
| NOI | $69.2k | $11.30 |
6,126 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
