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8941 12th St Phoenix, AZ 85020-3098

OFF-MARKET Strip malls Google Maps
9,360 SF 0.67 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$820k
Range $738k – $902k (±10%)
Property ID US07-1565111

Property summary

AI-generated overview

This exceptional 9,360 square foot retail strip center, situated on a 0.67-acre parcel, offers two available suites perfect for a variety of retail businesses. One suite measures 1,000 square feet, and the other is 1,500 square feet, providing flexibility for potential tenants. The property boasts significant frontage along busy N 12th Street and W Dunlap Road, ensuring high visibility and substantial vehicular traffic. The strategic location within a high-traffic retail strip center guarantees excellent exposure to potential customers. Adding to its appeal is an on-site four-pump gas station, further enhancing foot traffic and visibility. Convenient ingress and egress are available from both N 12th Street and W Dunlap Road, ensuring easy access for customers and employees. The property is zoned C-2, allowing for a wide range of uses including general retail, restaurants, offices, and medical facilities. This presents a unique opportunity for businesses seeking a prime location with high visibility and convenient access. The single-story building provides ample space and easy navigation.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1982
Construction CONCRETE
Total area 9,360 SF
Lot 0.67 ac (29,185 SF)
Zoning code C-2
APN 160-64-001
UPID US07-1565111

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
  • Barber Shop
  • Bakery Specialty Food Shop
  • Tattoo & Piercing Shop
  • Gas Station
  • Bakery Specialty Food Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$820k

Owner & transaction history

since 2022
Last sale
$895,000
4 recorded transactions
2022
$895,000
2008
Price N/A
1995
$436,000
1988
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

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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