Corner Storefront
For Sale
$1,295,000
21062110 2106-2110 W Camelback Rd, Phoenix, AZ 85015
C-2 commercial zoning, established occupants, and access to major Phoenix transportation routes support continued retail use.
Property Size6,460 SF
Price / SF$200.46
Days on Market32
Property Features for 21062110 2106-2110 W Camelback Rd
General Information
Standard status
Active
Size
6,460 SF
Building Details
Year Built
1934
Listing Agency:
Realty ONE Group
(480) 560-5759
Listed By:
Carrie Black-Montano
Source:
Lizkeepsitrealaz
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 25 at 5:04AM
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
Investment Insights
Based on property information with market context.
This Phoenix storefront property includes a 6,460-square-foot building positioned on three parcels being sold together. The property is currently occupied by Pepe's Taco Villa and Landgrave Mexican Imports, with the latter also associated with steel gate fabrication and tax preparation. Both tenants have been in place for 18 years. The site is zoned C-2 Commercial, Community, and the building dates to 1934.
Located at a hard corner near major thoroughfares, the property offers access to I-10, I-17, SR52, SR101, SR202, and light rail. The combined parcels total 22,360 square feet: 6,880 square feet for APN 153-25-084A, 7,740 square feet for APN 153-25-085A, and 7,740 square feet for APN 153-25-086A.
Located at a hard corner near major thoroughfares, the property offers access to I-10, I-17, SR52, SR101, SR202, and light rail. The combined parcels total 22,360 square feet: 6,880 square feet for APN 153-25-084A, 7,740 square feet for APN 153-25-085A, and 7,740 square feet for APN 153-25-086A.
Key Highlights
- 6,460‑square‑foot storefront building on three parcels
- Three parcels sold together totaling 22,360 square feet
- C‑2 Commercial, Community zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,280
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Retail
$1.04M
$912.7K – $1.22M
NOI $73,012 @ 7.0% cap · market cap 5.64%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - C-2 commercial zoning, established occupants, and access to major Phoenix transportation routes support continued retail use.
Where is this storefront property located?
The property is located at 21062110 2106-2110 W Camelback Rd 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: 6,460‑square‑foot storefront building on three parcels; Three parcels sold together totaling 22,360 square feet; C‑2 Commercial, Community zoning
