Two-Bedroom Residential
New
For Sale
$172,000
6812 N 35TH Avenue E, Phoenix, AZ 85017
Kitchen skylights, a rear patio, and a carport add useful features to this residential unit.
Property Size728 SF
Days on Market5
Property Features for 6812 N 35TH Avenue E
General Information
Standard status
Active
Size
728 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$461
Building Details
Building Size
728 SF
Year Built
1974
Listing Agency:
Realty of America LLC
Listed By:
Michelle L Minik · License #SA523526000
(602) 488-5432
Source:
Alexiabertsatos
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 6:08PM
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 of America LLC
Investment Insights
Based on property information with market context.
This two-bedroom residential unit at Casa Domani has an open layout and wood-look flooring. The kitchen includes skylights, solid-surface counters, white shaker cabinetry, built-in appliances, and a peninsula with breakfast-bar seating. A rear patio and carport are also part of the property. The building dates to 1974.
Key Highlights
- Two‑bedroom unit at Casa Domani
- Kitchen with skylights, solid‑surface counters, white shaker cabinets, and built‑in appliances
- Peninsula with breakfast‑bar seating
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
$8,491
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
4.94%
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%
$169,820
$169.8K
Cap Rate 7%
$121,300
$121.3K
Cap Rate 9%
$94,344
$94.3K
Market Conditions
NOI Build-Up for 728 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
$16.4K $22.56/SF
− Vacancy
−$985 −$1.35/SF
EGI
$15.4K $21.21/SF
− OpEx
−$6.9K −$9.54/SF
NOI
$8.5K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$169,820
Cap Rate 7%
$121,300
Cap Rate 9%
$94,344
Alternative Uses
Best Use
Apartment 5plus
$121.3K
$106.1K – $141.5K
NOI $8,491 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.5K
$193.0K – $257.3K
NOI $15,436 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 85017, AZ
45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Kitchen skylights, a rear patio, and a carport add useful features to this residential unit.
Where is this residential income property located?
The property is located at 6812 N 35TH Avenue E Phoenix, AZ.
What is the asking price?
The asking price for this property is $172,000.
What are key features of this property?
This property features: Two‑bedroom unit at Casa Domani; Kitchen with skylights, solid‑surface counters, white shaker cabinets, and built‑in appliances; Peninsula with breakfast‑bar seating
