Property profile

8847 7th Ave Phoenix, AZ 85021

OFF-MARKET
Retail space
Property ID
US07-3165899
823 SF 0.54 ac lot Built 2021
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2021
Construction CONCRETE
Total area 823 SF
Lot 0.54 ac (23,478 SF)
Zoning code C-1
APN 160-61-085B
UPID US07-3165899

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
  • Grocery & Convenience Store Food Market
  • Cafe & Coffee Shop
  • Check Cashing

Location

8847 7th Ave Phoenix, AZ 85021-4578
Phoenix metro Census 105300 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.55M

Owner & transaction history

since 2021
Last sale
$2.0M
7 recorded transactions
2021
$2.0M
2019
Price N/A
2014
Price N/A
2014
Price N/A
2009
$385,120
2009
Price N/A
2008
$940,000

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

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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