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Property profile & analytics
OFF-MARKET
Estimated value
$17,065,000
Outlet malls
1625 Camelback Rd Phoenix, AZ 85016-3901
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1223561
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Construction
CONCRETE
Total area
52,138 SF
Lot
5.03 ac (218,889 SF)
Zoning code
C-2
APN
163-25-017
UPID
US07-1223561
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Planet Fitness Gym & Fitness Center
-
CVS Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
-
Target Mobile Mobile Phone Store Electronics & Wireless Store
-
ChargeItSpot Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.57M
Blend (final)
Blend
$17.07M
Owner & transaction history
Agree Central LLC · 5 yrs held
Agree Central LLC
since 2020
Last sale
$20.3M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.8M
+92.8%
Auto repair, garage
$22.0M
+52.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,440,000
Current use
RESTAURANT
$27,845,000
Change: +93% · Conversion: Easy
AUTO REPAIR, GARAGE
$22,030,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$13,840,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$13,555,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$13,530,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,270,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$17.07M
Range $15.36M – $18.77M · ±10% · vs last sale $20.29M (Jul 31 2020)
Last sale anchor
$20.29M
Jul 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$327 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$199,392
Tax year 2023
Assessed value
$1,720,554
Assessed 2024
Previous assessed
$2,016,523
-14.7% YoY
Effective rate
11.59%
On assessed value
Land market value
$7,332,000
Improvement market value
$3,095,600
Total market value
$10,427,600
Applied tax rate
381,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
52,138 SF
Lot
5.03 ac (218,889 SF)
Zoning code
C-2
APN
163-25-017
UPID
US07-1223561
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.4M
RESTAURANT
Est. value
$27.8M
AUTO REPAIR, GARAGE
Est. value
$22.0M
MEDICAL BUILDING
Est. value
$13.8M
OFFICE BUILDING
Est. value
$13.6M
WAREHOUSE, STORAGE
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.3M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.03 ac
Current owner
From public records · entity-resolved
Agree Central LLC
Entity
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
$20,285,600
Agree Central LLC
Sa Camelback One L Rosebud
Grant Deed
—
Jun 2, 2020
—
Rosebud Sa Camelback One LLC
—
Deed
related
$13,800,000 · Bankunited NA
Jul 3, 2017
—
Rosebud Sa Camelback One LLC
—
Grant Deed
related
$12,000,000 · Bankunited Fsb
Jan 5, 2015
$15,250,000
Rosebud Sa Camelback One LLC
Realty Income Properties 4 LLC
Special Warranty Deed
$11,500,000 · Mutual Of Omaha Bank
Nov 19, 2010
$12,130,000
Realty Income Properties 4 LLC
Abs Sw Owner LLC
Grant Deed
—
Oct 26, 2010
$12,130,000
Realty Income Properties 4 LLC
Abs Sw Investor LLC
Grant Deed
—
Mar 5, 2007
—
Abs Sw Owner LLC
Abs Sw Investor LLC
Warranty Deed
$255,000,000 · Greenwich Capital Financial Product
Jul 20, 2006
$6,900,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
May 10, 1996
$2,550,000
Ldr,camelback L L C
Albertsons INC
Trustees Deed
$1,800,000 · Bank One NA
May 10, 1996
$5,100,000
Albertsons INC
Bcc Development INC
Trustees Deed
—
Jan 11, 1994
—
Bank One Arizona
Qeda Development
Quit Claim Deed
related
—
Sep 30, 1993
$2,550,000
Qed Development
Bank One
Grant Deed
—
Oct 30, 1987
—
Camelback Arbole
—
Deed Of Trust
related
—
Jun 30, 1987
$375,000
Camelback Arbole
—
Grant Deed
related
—
—
—
Rosebud Sa Camelback One LLC
—
Loan Modification
related
$13,800,000 · Bankunited NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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