9241 6th St Phoenix, AZ 85020-5712
Property profile & analytics
9241 6th St Phoenix, AZ 85020-5712
- Strip malls
- 4,000 SF
- 0.13 lot acres
Property ID
US07-2866519
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.
Location Intelligence
Current Use by Public Records
- Jeannie's Blind Repair / (Bike/Boat/Book/etc) Store / Home Decor Store
- Carnicería Kino / Specialty Food Shop / Butcher
- Orlandi Valuta / Bank / Credit Union
- Gerber Injury Law / Law Firm
- Gamez Income Tax / Accounting Firm / Tax Preparation
Property Details for 9241 6th St
- Year built
- 1984
- Construction
- CONCRETE
- Lot size
- 0.13 lot acres
- Property size
- 4,000 SF
- Zone code
- R-5
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 159-46-028
- APU
- 15946028
Description
This exceptional investment opportunity presents the North Mountain Shoppes, a 4,001 square foot shopping center located at 9241 N 6th St, Phoenix, AZ 85020. Currently boasting a 100% occupancy rate with six units under long-term, NNN leases featuring 3% annual rent bumps, this stabilized property offers a compelling 8.32% cap rate and a strong NOI of $81,125. The asking price is $975,000, translating to $243.69 per square foot. Built in 1984 and extensively renovated in 2022, the single-story building features attractive glass storefronts with aluminum frames and a covered sidewalk along the entire frontage. Ample parking is provided with 16 spaces, exceeding the typical requirement. The property benefits from a high-traffic location (39,136 Average Daily Traffic Count) near major retailers such as Walmart, Fry's, Starbucks, Circle K, and Planet Fitness. Furthermore, the mix-use zoning permits the addition of up to three stories of apartments above the existing retail space, presenting significant value-add potential for future development. Two ingress/egress points ensure convenient access. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a prime Phoenix location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $965,000
- ML approach
- $965,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $995,000
- 6.5%
- $915,000
- 7%
- $850,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,020,000 Current use
- RETAIL STORES
- $1,190,000 Change: +17% Conversion: Easy
- MEDICAL BUILDING
- $1,060,000 Change: +4% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,040,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.066
- Latitude
- 33.5712
- 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
$5,405
$0.00
$0.00
$55,457
-
$65,400
$270,700
$336,100
