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Property profile

1718 N 16Th St 8 Phoenix, AZ 85006

FOR LEASE
Retail space
Property ID
US07-2728164
2,300 SF 0.15 ac lot Built 1957
Last sale Dec 2020 · $380,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a coffee bar with approximately 2,301 square feet of interior space and a walk-up window integrated into the customer service layout. It is permitted through Maricopa County health authorities for its food and beverage use. The building was constructed in 1957 and is located at 1718 N 16th St Unit 8 in Phoenix, Arizona. The space is currently configured for a coffee-focused commercial operation, with a layout intended to support continued use as a coffee shop.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$54k
Effective rate6.85%

Value estimate

· Nov 2026
$295k
$266k – $325k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$4k
Operating expenses−$11k
NOI · 2,857.83% cap applied$34k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$219/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$56 – $417
Qualifying comparables13

Cap rate analysis

How does the asset earn?
2,857.83%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-N
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.0
Bakery10.5
Plumbing Service9.5

Location

1718 N 16Th St, Unit 8 Phoenix, AZ 85006
County assessor Recorded deeds · 16 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1609 12th, Phoenix, AZ 85006-2240 $100,000 Mar 2025 1,530 SF
2302 12th, Phoenix, AZ 85006-1704 $1,500,000 Oct 2024 2,688 SF
1837 Mcdowell, Phoenix, AZ 85006-3052 $640,000 Dec 2023 2,423 SF
1601 Palm, Phoenix, AZ 85006-1928 $190,000 Nov 2023 3,118 SF
1101 7th, Phoenix, AZ 85006-2730 $2,021,000 Dec 2021 2,500 SF
1203 Van Buren, Phoenix, AZ 85006 $175,000 Apr 2021 2,410 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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