Retail

Park Northern

park northern, phoenix, AZ 85051

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$0.02/SF/mo

Mid

$0.02/SF/mo

High

$0.03/SF/mo

Tier Used

tax_cap_reverse

Estimated from market cap rate (6.3%), property tax rate (0.01%), and NYC PLUTO (12,128 parcels, assessed $/SF = 1).

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$0.02/SF/mo	—	tax_cap_reverse
Utilities	—	17.0¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1413/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
NYC PLUTO	assessed_value_psf	—	—	annual	—

Data sources used

market_reportsproperty_taxnyc_pluto

Description

•For Lease
•Dense population with a three-mile population in excess of 198,874*
•Planned re-development
•Located at a signalized intersection with good access and excellent visibility
•Easy access from Interstate 17

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

park northern, phoenix, AZ 85051

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$19.00/SF/yr

Estimated sale value

$187–$236/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.3%, asking rent held flat).

View the full Phoenix Retail market report →

Tight vacancy keeps competition for quality space elevated.

Compare it against other retail listings for lease in Phoenix, AZ to benchmark pricing and space — view the full market.

Retail market FAQ

Is the Phoenix retail market tightening or softening?: Vacancy is around 4.8% (Q1 2026).

Unified Estimate

Medium Confidence

$0.76/SF/mo-$1.02/SF/mo

Mid: $0.89/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

2023 – 2026 · county sold comps + market trendsFIPS 04013

High Confidence

Avg Rent ($/SF/mo) (market data)
Median $/SF (sold)
Vacancy %

Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.