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Property profile & analytics
FOR LEASE
Strip malls
18440 N 7Th St, Phoenix, AZ 85022
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1509547
For Lease
1 / 4
$3,190,000
18440 N 7Th St, Phoenix, AZ 85022
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
17,229 SF
Lot
1.22 ac (53,054 SF)
Zoning code
C-1
APN
208-01-645
UPID
US07-1509547
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
Current use
Occupant on record · Public records
-
CoinFlip Bitcoin ATM Bank Loan Service
-
Revitalize Bodywork Studio Gym & Fitness Center
-
AZ Wake and Bake Restaurant
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Sam's smoke shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.19M
Owner & transaction history
New Cingular Wireless Pcs LLC · 1 yrs held
New Cingular Wireless Pcs LLC
since 2025
6 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.2M
+17.9%
Retail stores
$5.1M
+17.1%
Medical building
$4.6M
+4.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,385,000
Current use
OFFICE BUILDING
$5,170,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$5,135,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$4,575,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,470,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$185 / SF
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
$17,914
Tax year 2023
Assessed value
$402,501
Assessed 2024
Previous assessed
$341,870
+17.7% YoY
Effective rate
4.45%
On assessed value
Land market value
$546,000
Improvement market value
$1,893,401
Total market value
$2,439,401
Applied tax rate
691,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
17,229 SF
Lot
1.22 ac (53,054 SF)
Zoning code
C-1
APN
208-01-645
UPID
US07-1509547
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning 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
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
New Cingular Wireless Pcs LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 11934, PHOENIX, AZ 85061-1934
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
New Cingular Wireless Pcs LLC
Sun City Medical Professional LLC
Deed
—
Jul 15, 2015
$2,300,000
Sun City Medical Professional LLC
Acv Calzona I LLC
Special Warranty Deed
$1,725,000 · Firstbank
Mar 27, 2012
$500,000
Acv Calzona I LLC
Armstrong Union Hills 7 LLC
Grant Deed
related
—
Mar 26, 2012
$500,000
Acv Calzona I LLC I LLC
Armstrong Union Hills 7 Ll
Grant Deed
—
Jul 11, 2005
—
Armstrong Union Hills 7 LLC
Owner Name Unavailable
Grant Deed
related
—
Feb 25, 2005
$2,950,000
Armstrong Union Hills 7 LLC
Kleinman Holdings LLC
Special Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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