Property profile

1802 E Camelback Rd Phoenix, AZ 85016

FOR LEASE
Banks
Property ID
US07-0629854
1,638 SF 0.69 ac lot Built 1987
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant retail property, located at 1802 E Camelback Rd in Phoenix, Arizona, presents a significant investment opportunity. The building, constructed in 1987, boasts a total of 1,638 square feet situated on a 0.69-acre lot. The property's strategic location at the northeast corner of Camelback Road and 18th Street offers unparalleled visibility and accessibility, making it ideal for a variety of retail businesses. Currently, there is a significant amount of vacant space available, totaling 30,013 square feet, presenting a unique chance for expansion or redevelopment. The property is classified as commercial retail and is situated in Maricopa County, Arizona, with a zip code of 85016. This property's size and location in a high-traffic area make it an attractive prospect for businesses seeking a prominent presence in a thriving Phoenix market. The substantial vacant square footage offers flexibility for a variety of uses, allowing for customization to suit a tenant's specific needs. The property's existing structure provides a solid foundation for immediate occupancy or future development plans. This is a rare opportunity to acquire a well-positioned retail property in a prime Phoenix location. The substantial vacant land offers significant potential for expansion or redevelopment, catering to a wide range of business ventures.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1987
Construction CONCRETE
Total area 1,638 SF
Lot 0.69 ac (30,013 SF)
Zoning code C-C
APN 164-56-004B
UPID US07-0629854

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Alternative Medicine Practice Spa & Massage Center
  • Atm
  • Bank Loan Service
  • Alternative Medicine Practice Spa & Massage Center

Location

1802 E Camelback Rd Phoenix, AZ 85016
Phoenix metro Census 107700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.75M

Owner & transaction history

since 2024
Last sale
$2.7M
3 recorded transactions
2024
$2.7M
2000
$1.5M
1997
$500,000

Zoning & alternative use

C-C · Phoenix, AZ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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