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    1543 Van Buren St Phoenix, AZ 85006

    Sponsored
    For Sale
    $1,650,000

    High-traffic corner, 5,000 SF, strong NOI.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000-square-foot retail property, situated on a prominent 0.55-acre corner lot at the southwest intersection of Van Buren and 16th Street in Phoenix, Arizona (85006), presents a compelling investment opportunity. Currently operating as a fully permitted collision center with a paint booth, this single-story, Class C building boasts 5,200 square feet of net rentable space and enjoys 100% occupancy. The property, built in 1971 and zoned C-3, offers significant potential for owner-users or investors. The asking price is $1,650,000, translating to $330 per square foot. The property generates a strong net operating income (NOI) of $144,000, resulting in a pro-forma cap rate of 8.73%. The high-traffic location sees approximately 42,000 vehicles daily (based on a 2022 MPSI estimate), and is within a half-mile radius of multiple multi-family and retail developments. The seller is open to various transaction structures, including an outright sale to an owner-user, a leaseback arrangement, and seller financing. The current lease generates $5,500 per month in net rent under a NNN lease. This is a rare opportunity to acquire a well-located, income-producing property in a rapidly developing area of Phoenix.

    Property Features for 1543 Van Buren St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF
    Class
    C
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1971
    Buildings
    1
    Stories
    1

    HighLights

    • Owner/user purchase opportunity.
    • Leaseback option available.
    • Seller financing considered.
    • Current net operating income: $5,500 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phoenix Bathroom Remodeling Bathroom Remodeler

    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
    -112.0480532
    Latitude
    33.4511149

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner, 5,000 SF, strong NOI.
    Where is this individual retail property located?
    The property is located at 1543 Van Buren St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Owner/user purchase opportunity.; Leaseback option available.; Seller financing considered.
    Request Owner's contact information
    1543 Van Buren St Phoenix, AZ 85006
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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
    1543 Van Buren St Phoenix, AZ 85006
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