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    927 Hatcher Rd Phoenix, AZ 85021

    Sponsored
    For Sale
    $1,000,000

    High-Yield Multi-Tenant Storefront

    Property size:
    5,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Phoenix, Arizona, retail property at 927 W. Hatcher Rd offers a compelling investment opportunity. The 5,664 square foot, fully leased (100% occupancy as of February 8, 2024), multi-tenant storefront boasts five units in a Class C building constructed in 1985. Located in Maricopa County, with a C-2 zoning permit, the property sits on a 16,200 square foot lot. The asking price is $1,000,000, representing a price per square foot of $176.55 and a 6.42% capitalization rate. The current Net Operating Income (NOI) is $64,193. The property benefits from a majority of tenants having scheduled rent increases. Its location on Hatcher Road provides high visibility and foot traffic, with convenient access to major transportation routes and a mix of residential and commercial developments nearby. This institutional-grade investment presents a strong cash flow potential with a stable tenant base. The property's versatile layout is suitable for a variety of retail concepts. Ample parking is available. The APN is 158-31-027M. This is a fully leased, multi-tenant retail shopping plaza in North Central Phoenix.

    Property Features for 927 Hatcher Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,664 SF
    Class
    C

    Building Details

    Year Built
    1985
    Buildings
    1
    Units
    5

    HighLights

    • North Central Phoenix multi‑tenant retail shopping center.
    • Fully leased retail plaza.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ara Barbershop Unisex Barber Shop Static Cling Stickers Sticker Manufacturer vinyl lettering Graphic Designer Nutrition Hatcher Health Food Restaurant Digital Creative Service Marketing Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.08611656
    Latitude
    33.57128338

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Multi-Tenant Storefront
    Where is this individual retail property located?
    The property is located at 927 Hatcher Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: North Central Phoenix multi-tenant retail shopping center.; Fully leased retail plaza.;
    Request Owner's contact information
    927 Hatcher Rd Phoenix, AZ 85021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    927 Hatcher Rd Phoenix, AZ 85021
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