Property profile

914 E Camelback Rd Phoenix, AZ 85014

FOR LEASE
Strip malls
Property ID
US07-0083803
6,720 SF 1.22 ac lot Built 1981
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in Midtown Phoenix along the Camelback Corridor, with visibility and access from Camelback Road. It is situated near the 7th Street restaurant corridor and retail areas within a short driving distance. The property was renovated in 2018 and includes approximately 1,247 square feet of built area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1981
Construction CONCRETE
Total area 6,720 SF
Lot 1.22 ac (53,143 SF)
Zoning code C-2
APN 162-16-136
UPID US07-0083803

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
  • Atm
  • Barber Shop
  • Atm
  • Alternative Medicine Practice Spa & Massage Center
  • Bakery Discount Store

Location

914 E Camelback Rd Phoenix, AZ 85014
Phoenix metro Census 107601 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
$3.09M
Blend (final) Blend
$715k

Owner & transaction history

since 2010
5 recorded transactions
2017
Price N/A
2010
Price N/A
2004
$3.1M
1988
$1.9M
1969
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
Top alternative use upside
Commercial (general) $4.7M +173.6%
Restaurant $3.6M +109.8%
Auto repair, garage $2.8M +66.0%

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?”
More about this property
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