Retail Space on Camelback
For Sale
$350,000
2150 West Camelback Road, Phoenix, AZ 85015
Retail space available for sale on Camelback Road.
Property Size924 SF
Price / SF$378.38
Days on Market234
Property Features for 2150 West Camelback Road
General Information
Standard status
Active
Size
924 SF
Property subtype
Retail
Site & Location
Neighborhood
Alhambra
Building Details
Building Size
924 SF
Year Built
1941
Year Renovated
2010
Listing Agency:
Kidder Mathews
Listed By:
Bret Isbell · License #BR549336000
(602) 300-4112
Source:
Commercialcafe
Added: Mar 8
Changed: Oct 25
Last Checked: Oct 28 at 5:03AM
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 Kidder Mathews
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers 925 square feet of retail space. The property is located on West Camelback Road in Phoenix, Arizona. This retail space is available for sale.
Key Highlights
- Retail space available.
- Located on Camelback Road.
- Property is for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,455
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,100
$209.1K
Cap Rate 7%
$149,357
$149.4K
Cap Rate 9%
$116,167
$116.2K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$16.7K $18.00/SF
− Vacancy
−$1.7K −$1.85/SF
EGI
$14.9K $16.15/SF
− OpEx
−$4.5K −$4.84/SF
NOI
$10.5K $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%
$209,100
Cap Rate 7%
$149,357
Cap Rate 9%
$116,167
Alternative Uses
Best Use
Retail
$149.4K
$130.7K – $174.3K
NOI $10,455 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.2K
$245.2K – $326.9K
NOI $19,613 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,187
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale on Camelback Road.
Where is this retail space located?
The property is located at 2150 West Camelback Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Retail space available.; Located on Camelback Road.; Property is for sale.
