8341 N 7th St, Phoenix, AZ
Retail property with frontage on 7th Street in Phoenix.
- Added:
- Oct 16, 2024
- Days on Market:
- 607
- Last Refresh:
- May 19 at 10:40 pm
Property Features for 8341 N 7th St
General Information
- Standard status
- Active
- Size
- 8,569 SF
- Lot size
- 0.45 Acres
- Property subtype
- RETAIL
Listing agent Jason Butler License #AZ SA687040000 (602) 390-0361
Listing office R.O.I. Properties (602) 319-1326
Listing date Oct 16, 2024
Source Moodyscre
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 R.O.I. Properties
HighLights
- Value‑add potential
- Frontage on busy 7th Street (28,086 VPD)
- Proximity to both the SR‑51 and I‑17
- Ideal for owner user
- Additional income potential
Overview
Local 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 | $154.2k | $18.00 |
| − Vacancy | −$15.9k | −$1.85 |
| EGI | $138.4k | $16.15 |
| − OpEx | −$41.5k | −$4.84 |
| NOI | $96.8k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.065
- Latitude
- 33.5596
