Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6316 7th St Phoenix, AZ 85014-1549

    • Warehouses
    • 79,426 SF
    • 1.92 lot acres
    OFF-MARKET
    Last Sale
    Sep 14, 2021
    $17,499,800
    Value Estimations
    $19,530,000
    Show details
    Cap Rate Potential
    4%
    Warehouses
    Location Intelligence
    Property ID
    US07-2344972
    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

    • Extra Space Storage / Self-Storage Facility / Automobile Storage Facility

    Property Details for 6316 7th St

    Year built
    2021
    Lot size
    1.92 lot acres
    Property size
    79,426 SF
    Zone code
    C-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    161-18-027D
    APU
    16118027D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,140,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,300,000
      6.5%
      $12,275,000
      7%
      $11,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,555,000
      Market price range: $10.8M - $34.8M
      AI Estimate
      $20,952,000
      Market price range: $10.1M - $34.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $20,615,000
      Current use
      RETAIL STORES
      $23,665,000
      Change: +15% Conversion: Moderate
      MEDICAL BUILDING
      $21,085,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $20,980,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $20,215,000
      Change: -2% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.066
    Latitude
    33.5297
    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
    $162,222
    $0.00
    $0.00
    $1,803,863
    -
    $1,744,000
    $9,188,500
    $10,932,500

    Comparable in this City

    • Value Estimation
      $11,495,000
      39,258 SF

      4078 7th St

      MINI-WAREHOUSE, STORAGE • 39,258 SF
      4078 7th St, Phoenix, AZ 85014
      View Details
    • Value Estimation
      $28,835,000
      121,207 SF

      4201 7th St

      MINI-WAREHOUSE, STORAGE • 121,207 SF
      4201 7th St, Phoenix, AZ 85014
      View Details
    • Value Estimation
      $1,005,000
      3,780 SF

      714 Mitchell Dr

      STORAGE YARD, OPEN STORAGE • 3,780 SF
      714 Mitchell Dr, Phoenix, AZ 85014
      View Details
    • Value Estimation
      $530,000
      3,650 SF

      715 Highland Ave

      WAREHOUSE, STORAGE • 3,650 SF
      715 Highland Ave, Phoenix, AZ 85014
      View Details
    • Value Estimation
      $1,165,000
      2,688 SF

      4820 14th Pl

      WAREHOUSE, STORAGE • 2,688 SF
      4820 14th Pl, Phoenix, AZ 85014-3702
      View Details
    • Value Estimation
      $1,285,000
      5,176 SF

      3611 7th St

      WAREHOUSE, STORAGE • 5,176 SF
      3611 7th St, Phoenix, AZ 85014-5001
      View Details

    Similar Nearby for Sale

    • $1,850,000
      0.20 Acres

      Phoenix Industrial Property: 7,931 SF

      Central Phoenix warehouse, ideal for various uses.
      1532 E Indianola Ave, Phoenix, AZ 85014
      View Details
    • $210,000
      7,861 SF

      Phoenix Industrial Opportunity For Sale

      Industrial property in Phoenix, ideal for manufacturing or distribution.
      1532 E Indianola Ave, Phoenix, AZ 85014
      View Details
    • $1,050,000
      3,276 SF

      Phoenix Flex Building For Sale

      3,276 SF flex building with shop and retail/office space.
      1014 E Indian School Rd, Phoenix, AZ 85014
      View Details
    • $80,000

      Phoenix Land for Sale

      Land available in Phoenix, located off 7th Street and Broadway.
      4417 S 7Th St, Phoenix, AZ 85014
      View Details
    • $2,300,000
      8,500 SF

      Phoenix Office Building For Sale

      Office building in high-demand Phoenix location near amenities and housing.
      714 E Rose Ln, Phoenix, AZ 85014
      View Details
    • $4,653,500
      15,313 SF

      NNN Leased Investment Opportunity

      NNN leased Dollar Tree with rental increases and renewal options.
      1240 East Indian School Rd, Phoenix, AZ 85014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      79,316 SF

      Phoenix Retail Space for Lease

      Prime Phoenix Salon Space Available
      5555 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Retail Land For Lease

      Retail land available for lease in a dense trade area.
      710 W Camelback Rd, Phoenix, AZ 85014
      View Details
    • $2,164 /Mo
      1,258 SF

      Luxury Townhome in Central Phoenix

      New townhome with modern amenities, convenient location in Phoenix.
      4435 N Longview Ave, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space with Street Visibility

      Retail space with high traffic, strong demographics, and street visibility.
      6307-6327 N 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Midtown Phoenix Land Opportunity

      Land for rent in revitalized Midtown Phoenix.
      4001 N 7Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing

      Two-Building Complex with Landscaping

      Two-building complex featuring marble lobby, walnut walls, and landscaping.
      1221-1313 E Osborn Rd, Phoenix, AZ 85014
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6316 7th St
    Phoenix, AZ 85014-1549
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.