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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Strip malls
10210 32nd St, Phoenix, AZ 85028-3827
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US07-0164848
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
CONCRETE
Total area
6,942 SF
Lot
1.66 ac (72,101 SF)
Zoning code
C-2
APN
165-03-015F
UPID
US07-0164848
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
-
O.G. Pizza Restaurant
-
Phoenix Gun Co Service Establishment Gun Shop
-
North Village Center Business Service Center Corporate Office
-
Fraternal Order of Police Phoenix Lodge 2 Volunteer Organization Community Center
-
Phoenix Fraternal Order of Police, Lodge #2 Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$3.03M
Owner & transaction history
Btt LLC · 20 yrs held
Btt LLC
since 2006
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+173.6%
Restaurant
$3.7M
+109.8%
Auto repair, garage
$2.9M
+66.0%
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
COMMERCIAL (GENERAL)
$4,835,000
Change: +174% · Conversion: Easy
RESTAURANT
$3,705,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,935,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$2,070,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$1,845,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±10%
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
$436 / 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
$28,883
Tax year 2023
Assessed value
$405,989
Assessed 2024
Previous assessed
$359,907
+12.8% YoY
Effective rate
7.11%
On assessed value
Land market value
$727,000
Improvement market value
$1,733,537
Total market value
$2,460,537
Applied tax rate
691,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
6,942 SF
Lot
1.66 ac (72,101 SF)
Zoning code
C-2
APN
165-03-015F
UPID
US07-0164848
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
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.66 ac
Current owner
From public records · entity-resolved
Btt LLC
Entity
Mailing address
PO BOX 5287, SCOTTSDALE, AZ 85261-5287
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
B T T LLC
—
Deed
related
$1,575,000 · California Cu
Feb 13, 2006
$3,450,000
Btt LLC
Highland Desert Partners LLC
Grant Deed
$2,376,000 · California Cu
Dec 3, 2004
—
Brothers Lederman
Lederman Benjamin & L Trust
Quit Claim Deed
related
—
Dec 3, 2004
$2,025,000
Highland Desert Partners LLC
Lederman Brothers
Warranty Deed
related
$1,375,000 · Bankusa Fsb
Jun 30, 1988
$1,650,000
Stanle Stanle Lederman
Zeidl
Grant Deed
related
—
Jun 1, 1988
$1,650,000
Paul Paul Zeidler
C & H
Grant Deed
related
—
—
—
Btt LLC
—
Deed Of Trust
related
$2,376,000 · California Cu
—
—
Btt LLC
—
Deed Of Trust
related
$2,376,000 · California Cu
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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