927 Hatcher RdPhoenix, AZ 85021

Property Details for 927 Hatcher Rd

Year built

1985

Construction

CONCRETE

Lot size

0.37 AC

Property size (Sq ft)

6,040 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

158-31-027M

APU

15831027M

Description

This Phoenix, Arizona, retail property at 927 W. Hatcher Rd offers a compelling investment opportunity. The 5,664 square foot, fully leased (100% occupancy as of February 8, 2024), multi-tenant storefront boasts five units in a Class C building constructed in 1985. Located in Maricopa County, with a C-2 zoning permit, the property sits on a 16,200 square foot lot. The asking price is $1,000,000, representing a price per square foot of $176.55 and a 6.42% capitalization rate. The current Net Operating Income (NOI) is $64,193. The property benefits from a majority of tenants having scheduled rent increases. Its location on Hatcher Road provides high visibility and foot traffic, with convenient access to major transportation routes and a mix of residential and commercial developments nearby. This institutional-grade investment presents a strong cash flow potential with a stable tenant base. The property's versatile layout is suitable for a variety of retail concepts. Ample parking is available. The APN is 158-31-027M. This is a fully leased, multi-tenant retail shopping plaza in North Central Phoenix.

• CAP approach

  CAP return

  Valuation

  6%

  $1,449,818

  6.5%

  $1,338,293

  7%

  $1,242,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,346,286

  Geo Method

  $2,346,286

• Alternative Use

  Use

  Valuation

  Residential

  $1,128,900

  Hospitality

  $1,034,067

  Educational

  $860,331

  Medical

  $889,919

  Retail

  $1,338,293

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5709

Longitude

-112.086

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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