Mixed-Use Property on Three
2106-2110 W CAMELBACK Road, Phoenix, AZ 85015
For Sale
$1,295,000
The 6,460-square-foot building is occupied by long-term tenants and sits within a C-2 commercial district.
Property Size6,460 SF
Lot Size0.51 Acres
Price / SF$200.46
Days on Market28
Property Features for 2106-2110 W CAMELBACK Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Highway Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Realty ONE Group
(480) 285-0000
Listed By:
Carrie Black-Montano
Source:
Nicolesecrest
Added: Oct 11
Changed: Nov 7
Last Checked: Nov 7 at 12:38PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This mixed-use property combines three parcels with a 6,460-square-foot building. The existing tenants are Pepe's Taco Villa and Landgrave Mexican Imports; the tenants have occupied the property for 18 years. The site is zoned C-2, Commercial, Community.
The property occupies a hard corner near major thoroughfares, with access to I-10, I-17, SR 52, SR 101, SR 202 and light rail. The three parcel areas are 6,880 square feet, 7,740 square feet and 7,740 square feet.
The property occupies a hard corner near major thoroughfares, with access to I-10, I-17, SR 52, SR 101, SR 202 and light rail. The three parcel areas are 6,880 square feet, 7,740 square feet and 7,740 square feet.
Key Highlights
- Three parcels totaling 22,360 square feet: 6,880 square feet, 7,740 square feet and 7,740 square feet
- 6,460‑square‑foot building
- Two existing tenants, Pepe's Taco Villa and Landgrave Mexican Imports, in place for 18 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,280
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,925,600
$1.9M
Cap Rate 7%
$1,375,429
$1.4M
Cap Rate 9%
$1,069,778
$1.1M
Market Conditions
NOI Build-Up for 6,460 SF
Gross rent
$139.5K $21.60/SF
− Vacancy
−$11.2K −$1.73/SF
EGI
$128.4K $19.87/SF
− OpEx
−$32.1K −$4.97/SF
NOI
$96.3K $14.90/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,925,600
Cap Rate 7%
$1,375,429
Cap Rate 9%
$1,069,778
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.20M – $1.60M
NOI $96,280 @ 7.0% cap · market cap 7.43%
Second Best
Mixed Use
$1.18M
$1.03M – $1.37M
NOI $82,365 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,975 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
Market
Properties on Market for Mixed-use properties in Maricopa County
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 6,460-square-foot building is occupied by long-term tenants and sits within a C-2 commercial district.
Where is this mixed-use property located?
The property is located at 2106-2110 W CAMELBACK Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Three parcels totaling 22,360 square feet: 6,880 square feet, 7,740 square feet and 7,740 square feet; 6,460‑square‑foot building; Two existing tenants, Pepe's Taco Villa and Landgrave Mexican Imports, in place for 18 years
