Property profile & analytics
6036 7th Ave Phoenix, AZ 85041-5699
- Grocery and convenience stores
- 54,348 SF
- 8.71 lot acres
OFF-MARKET
Value Estimations
$18,440,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US07-0957221
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Unmatched Pool Cleaning Services Phoenix / General Contractor
- NAPA Auto Parts / Auto Parts Store
Property Details for 6036 7th Ave
- Year built
- 2006
- Construction
- CONCRETE
- Lot size
- 8.71 lot acres
- Property size
- 54,348 SF
- Zone code
- C-2
- Property type
- Grocery and convenience stores
- APN
- 105-83-392
- APU
- 10583392
Description
Southern Plaza, located at 6036 S 7th Ave in Phoenix, Arizona, presents a compelling investment opportunity in a thriving retail market. This multi-tenant strip center, totaling 76,254 square feet, currently has 1,200 square feet of vacant space available, ideal for a variety of retail or restaurant uses. The property sits on a substantial 379,510 square foot lot in Maricopa County, offering ample space and potential for future expansion or redevelopment. The existing tenants contribute to a strong and diverse mix of businesses within the center, creating a vibrant and attractive shopping destination. The property's location in Phoenix, AZ, 85041, provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The 1,200 square foot vacant space presents a unique opportunity for a new business to establish itself in a well-established and successful retail environment. This property is classified as a retail strip center with restaurant subtype, offering a versatile space suitable for a range of commercial uses. The substantial lot size provides significant potential for future development or expansion, adding further value to this already attractive investment. This is an excellent opportunity to acquire a well-located, established retail property with immediate income potential and significant long-term growth prospects.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $18,584,000
- AI Estimate
- $18,299,000
Market price range: $6.40M - $30.0MMarket price range: $6.23M - $29.4M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $16,195,000 Current use
- RESTAURANT
- $29,025,000 Change: +79% Conversion: Easy
- AUTO REPAIR, GARAGE
- $22,965,000 Change: +42% Conversion: Difficult
- OFFICE BUILDING
- $16,310,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $14,425,000 Change: -11% Conversion: Difficult
- WAREHOUSE, STORAGE
- $14,105,000 Change: -13% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $13,835,000 Change: -15% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.084
- Latitude
- 33.3911
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$228,390
$0.00
$0.00
$1,950,924
-
$3,862,200
$7,961,580
$11,823,780
