$3,762,000
$188K PRICE DROP

Estimated payment $22,607/month

Total Views 3,193
-- Bed
-- Bath
11,545 Sq Ft
$326 Price per Sq Ft

Highlights

  • Gated Community
  • 0.51 Acre Lot
  • Cafeteria
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • Cooling Available

About This Home

Prime Investment Opportunity in Phoenix
Own this exceptional income-producing property located in the highly sought-after gateway to Camelback Corridor. Featuring a solid gold tenant with a 10-year NNN lease and impressive high net operating income (NOI), this gem offers 4% annual increases and is situated in a high-traffic, high-rent district.
Property Highlights:
Open Retail Space: Versatile layout for various business.
Commercial Kitchen: Fully equipped for food service operations.
Ample Storage: Generous storage space to support business operations.
Offices Overlooking Operations: Functional offices with a clear view of the retail area.
Roll-Up Door: Convenient access for deliveries and logistics.
Fenced Rear Lot: Secure and private outdoor space.
Turn key 1031 exchange!

Listing Agent

Rodica Bartels

Century 21 Northwest License #BR507907000

Century 21 Northwest

Co-Listing Agent

John Crow

Century 21 Northwest License #SA635202000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,302

Year Built

  • Built in 1979

Lot Details

  • 0.51 Acre Lot
  • Security Fence
  • Block Wall Fence
  • Property is zoned C2

Home Design

  • 11,545 Sq Ft Home
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Fenced Parking

Utilities

  • Cooling Available
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 155-21-072

Community Details

Overview

  • Building Dimensions are 259.91-84.47-260.55-84.92
  • Charann Tract Consolidated Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Cafeteria

Building Details

  • Operating Expense $19,302
  • Net Operating Income $276,156

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$19,302

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: N 7th St and E Camelback Rd
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2023
  • Directions: Head North on N 7th St. Turn right onto E Camelback Rd. Turn right.
  • Lot Size Acres: 0.51
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: cere10
  • Subdivision Name: CHARANN TRACT CONSOLIDATED
  • Structure Type: Commercial
  • Railroad Available: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Living Area: 11545.0

Exterior Features

  • Fencing: Security, Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved, Private, Public Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0

Utilities

  • Electric: APS
  • Cooling: Central Air, Office A/C
  • Heating: 2 or More Units, Electric
  • Green Building Features: Conference Room, Clean Room, Showroom, Cafeteria, Kitchen, Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showroom: Yes
  • Amenities:Security Gate: Yes
  • Amenities:Clean Room: Yes
  • Amenities:Cafeteria: Yes

Lot Info

  • Lot Size: 259.91-84.47-260.55-84.92
  • Lot Size Sq Ft: 22063.0
  • Parcel #: 155-21-072
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 276156.0
  • Annual Operating Expense: 19302.0

Tax Info

  • Tax Annual Amount: 19302.0
  • Tax Book Number: 155.00
  • Tax Lot: 1
  • Tax Map Number: 21.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,250 $150,291 -- --
2024 $19,302 $147,607 -- --
2023 $19,302 $296,752 $170,663 $126,089
2022 $19,277 $225,768 $139,633 $86,135
2021 $20,000 $233,154 $143,622 $89,532
2020 $19,688 $217,818 $127,584 $90,234
2019 $19,254 $151,308 $64,170 $87,138
2018 $18,782 $148,698 $61,182 $87,516
2017 $17,898 $148,860 $59,400 $89,460
2016 $17,280 $136,386 $53,100 $83,286
2015 $16,495 $116,828 $49,210 $67,618
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Price Changed $3,762,000 -1.7% $326 / Sq Ft
02/27/2025 02/27/25 Price Changed $3,829,000 -1.5% $332 / Sq Ft
02/04/2025 02/04/25 Price Changed $3,889,000 -1.5% $337 / Sq Ft
09/13/2024 09/13/24 For Sale $3,950,000 -- $342 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Special Warranty Deed $2,400,000 Stewart Title & Trust Of Phoen
Special Warranty Deed -- None Available
Special Warranty Deed $1,650,000 Commonwealth Land Ttl Ins Co
Warranty Deed -- None Available
Special Warranty Deed $1,330,000 First American Title Ins Co
Special Warranty Deed $1,330,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $110,500 Construction
Previous Owner $1,186,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6756930

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-21-072