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Property profile & analytics
FOR LEASE
Strip malls
10617 North 43Rd Ave, Phoenix, AZ 85029
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-0047719
For Lease
1 / 7
$7,240,000
10617 North 43Rd Ave, Phoenix, AZ 85029
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
16,626 SF
Lot
5.19 ac (226,207 SF)
Zoning code
C-2
APN
149-34-001V
UPID
US07-0047719
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
-
Dinner By Dylan Event Planning Wedding Service
-
Ross Plaza Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.65M
Blend (final)
Blend
$7.24M
Owner & transaction history
Bh North 43rd Avenue LLC · 12 yrs held
Bh North 43rd Avenue LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.6M
+173.6%
Office building
$10.5M
+147.0%
Restaurant
$8.9M
+109.8%
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)
$11,580,000
Change: +174% · Conversion: Easy
OFFICE BUILDING
$10,455,000
Change: +147% · Conversion: Moderate
RESTAURANT
$8,880,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,025,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$4,955,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$4,415,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.24M
Range $6.52M – $7.96M · ±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
$435 / 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
$79,623
Tax year 2023
Assessed value
$1,055,072
Assessed 2024
Previous assessed
$601,426
+75.4% YoY
Effective rate
7.55%
On assessed value
Land market value
$1,144,800
Improvement market value
$5,249,576
Total market value
$6,394,376
Applied tax rate
61,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
16,626 SF
Lot
5.19 ac (226,207 SF)
Zoning code
C-2
APN
149-34-001V
UPID
US07-0047719
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
$11.6M
OFFICE BUILDING
Est. value
$10.5M
RESTAURANT
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$7.0M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
5.19 ac
Current owner
From public records · entity-resolved
Bh North 43rd Avenue LLC
Entity
Mailing address
11111 SANTA MONICA BLVD STE #600, LOS ANGELES, CA 90025-3340
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
B H North 43rd Avenue LLC
—
Deed
related
—
Jun 20, 2019
—
Bh North 43rd Avenue LLC
—
Deed
related
$2,196,333 · City Nat'l Bk
Feb 3, 2014
$3,000,000
Bh North 43rd Avenue LLC
Cd 2006-cd3
Grant Deed
—
Sep 26, 2006
$8,175,000
Ec Ross Plaza LLC
C & H Properties V LLC
Grant Deed
—
Mar 5, 1996
$4,809,987
C Partners
National Plaza Ltd
Grant Deed
—
—
—
Bh North 43rd Avenue LLC
—
Loan Modification
related
$2,196,333 · City Nat'l Bk
—
—
C Properties
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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