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Property profile & analytics
OFF-MARKET
Individual retail properties
1665 16th St Phoenix, AZ 85006
Trust Owned
20-yr Hold
Free & Clear
Property ID
US07-1470830
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1943
Construction
CONCRETE
Total area
1,057 SF
Lot
0.14 ac (6,153 SF)
Zoning code
C-1
APN
117-16-118
UPID
US07-1470830
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andrade Carmen Trust · 20 yrs held
Andrade Carmen Trust
since 2005
4 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,836
Tax year 2023
Assessed value
$41,885
Assessed 2024
Previous assessed
$34,493
+21.4% YoY
Effective rate
6.77%
On assessed value
Land market value
$179,100
Improvement market value
$74,746
Total market value
$253,846
Applied tax rate
141,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1943
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Rooms
5
Total area
1,057 SF
Lot
0.14 ac (6,153 SF)
Zoning code
C-1
APN
117-16-118
UPID
US07-1470830
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZZoning C-1 · permitted uses
C-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1943
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Rooms
5
Lot
0.14 ac
Current owner
From public records · entity-resolved
Andrade Carmen Trust
Trust
Free & Clear · 20 yrs held
Mailing address
12738 W EARLL DR, AVONDALE, AZ 85392-6615
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2005
—
Andrade Carmen Trust
Andrade,carmen
Quit Claim Deed
related
—
Dec 15, 2004
$120,000
Carmen Andrade
Mena,brandon E
Warranty Deed
$114,000 · Argent Mortgage Co LLC
Apr 10, 1996
$44,900
Brandon E Mena
Helen L Ramsey
Grant Deed
$35,900 · Chase Manhattan Mortgage Corp
—
—
Brandon E Mena
—
Deed Of Trust
related
$26,881 · New Century Mortgage
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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