Single-Tenant Retail
For Sale
$485,000
9521 N 7th Street, Phoenix, AZ 85020
Single-tenant retail property on a high-traffic corridor with strong access to major routes.
Property Size1,664 SF
Price / SF$291.47
Days on Market104
Property Features for 9521 N 7th Street
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,025
Building Details
Year Built
1961
Tenancy
Single
Listing Agency:
R.O.I. Properties
(602) 881-4724
Listed By:
Reuben Z Nach · License #SA687040000
(602) 881-4724
Source:
Exitrealty
Added: May 1
Changed: Aug 8
Last Checked: Aug 12 at 4:11AM
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
Investment Insights
Based on property information with market context.
9521 N 7th Street is a single-tenant retail asset sized for straightforward tenant occupancy. The offering is presented as a retail property positioned along a heavily traveled street corridor, designed to serve customers coming from nearby areas and passersby.
The property is located in Central Phoenix within the Sunnyslope submarket, on the 7th Street corridor. Access is described as convenient for patrons from both Central Phoenix and Moon Valley, with proximity to SR-51 and I-17 providing multiple route options.
This configuration can fit retailers seeking a dedicated, single-tenant setup in a street-front retail setting with regional connectivity via nearby freeways. For buyers evaluating retail ownership, the asset’s single-tenant structure and corridor-based placement provide a simple operating profile aligned with neighborhood-serving retail needs.
The property is located in Central Phoenix within the Sunnyslope submarket, on the 7th Street corridor. Access is described as convenient for patrons from both Central Phoenix and Moon Valley, with proximity to SR-51 and I-17 providing multiple route options.
This configuration can fit retailers seeking a dedicated, single-tenant setup in a street-front retail setting with regional connectivity via nearby freeways. For buyers evaluating retail ownership, the asset’s single-tenant structure and corridor-based placement provide a simple operating profile aligned with neighborhood-serving retail needs.
Key Highlights
- Single‑tenant retail property built in 1961
- Located along the high‑traffic 7th Street corridor in Central Phoenix
- Convenient access to SR‑51 and I‑17 from multiple directions
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
$18,807
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
3.88%
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%
$376,140
$376.1K
Cap Rate 7%
$268,671
$268.7K
Cap Rate 9%
$208,967
$209.0K
Market Conditions
NOI Build-Up for 1,664 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
$30.0K $18.00/SF
− Vacancy
−$3.1K −$1.85/SF
EGI
$26.9K $16.15/SF
− OpEx
−$8.1K −$4.84/SF
NOI
$18.8K $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 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%
$376,140
Cap Rate 7%
$268,671
Cap Rate 9%
$208,967
Alternative Uses
Best Use
Retail
$268.7K
$235.1K – $313.5K
NOI $18,807 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.0K
$441.0K – $588.1K
NOI $35,283 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail property on a high-traffic corridor with strong access to major routes.
Where is this retail space located?
The property is located at 9521 N 7th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Single‑tenant retail property built in 1961; Located along the high‑traffic 7th Street corridor in Central Phoenix; Convenient access to SR‑51 and I‑17 from multiple directions
