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Property profile

8821 7th St Ste 100 Phoenix, AZ 85020

Office buildings
Property ID
US07-1583644
View Sample
2,592 SF 0.06 ac lot Built 1973
Individually Owned 7-yr Hold ~ Est. High Equity
8821 7th St Ste,Unit 100, Phoenix, AZ 85020-2949 For Sale
$429,000 2,592 SF
8821 7th St Ste,Unit 100, Phoenix, AZ 85020-2949
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Property summary

AI-generated overview

This exceptional Phoenix commercial property, located at 8821 N 7th St, 85020, presents a compelling value-add investment opportunity. Encompassing 6,628 square feet across two buildings on a 1.08-acre lot, this property boasts a recent 2023 renovation. The buildings, constructed in 1973, are zoned C-3 and offer covered parking. All units have been fully remodeled, featuring modern office kitchens equipped with counters, cabinets, and sinks. The flexible space is ideal for a variety of professional services, including medical offices, law firms, accounting firms, dentists, barbershops, educational institutions, and wellness centers. The property's prime location provides excellent access to I-17 and SR-51, ensuring convenient commutes and strong visibility. Currently configured as a mix of occupied and vacant suites, this presents an owner-user opportunity to generate additional rental income. The property's versatility, combined with its recent renovation and strategic location, makes it an attractive investment for those seeking a strong return. This is a rare chance to acquire a fully renovated, multi-use property in a thriving Phoenix market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction CONCRETE
Total area 2,592 SF
Lot 0.06 ac (2,618 SF)
Zoning code C-3
APN 160-03-453
UPID US07-1583644

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
  • Real Estate Agency
  • Wedding Service
  • Alternative Medicine Practice Spa & Massage Center
  • Physician Alternative Medicine Practice
  • Telecommunications Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2018
6 recorded transactions
2018
$182,950
2018
Price N/A
2009
Price N/A
2009
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Phoenix, AZ
Zoning description

The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community

General category COMMERCIAL

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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