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Property profile & analytics
OFF-MARKET
Retail space
10633 32nd St Phoenix, AZ 85028-3201
Trust Owned
Free & Clear
Property ID
US07-3379719
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
CONCRETE
Total area
5,904 SF
Lot
0.78 ac (34,169 SF)
Zoning code
PSC
APN
166-36-003L
UPID
US07-3379719
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
-
Bakery Deli Bakery Specialty Food Shop
-
Leslie's (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kanjiyani Family Trust
Kanjiyani Family Trust
since 2026
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so that the purpose of the district may be accomplished
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
915.97 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,435
Tax year 2023
Assessed value
$130,631
Assessed 2024
Previous assessed
$119,527
+9.3% YoY
Effective rate
7.22%
On assessed value
Land market value
$369,500
Improvement market value
$422,200
Total market value
$791,700
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 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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,904 SF
Lot
0.78 ac (34,169 SF)
Zoning code
PSC
APN
166-36-003L
UPID
US07-3379719
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZZoning PSC · permitted uses
PSC · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so that the purpose of the district may be accomplished
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
915.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Kanjiyani Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
3941 W MOJAVE ST UNIT UNIT, PHOENIX, AZ 85009
Ownership since
2026
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
May 8, 2026
—
Kanjiyani Family Trust
Imagine Shea LLC
Special Warranty Deed
—
Apr 13, 2021
$9,850,000
Imagine Shea LLC
Msci 2007 Iq14 East Shea Boulevard
Special Warranty Deed
$6,895,000 · Firstbank
Jun 18, 2018
$67,200,000
Msci 2007-iq14 E Indian Sch Ro
Pitcher Jeffrey S|pdg America Shopping Centers L
Trustees Deed
—
Sep 27, 2005
—
Pdg America Properties LLC
Shea Sunset LLC
Grant Deed
related
—
Jun 1, 2005
$1,758,333
Shea Sunset LLC
Rosenbaum Investments II LLC
Grant Deed
—
May 25, 1999
$675,000
Rosenbaum Investments 11 LLC
Title America LLC
Grant Deed
—
Nov 14, 1997
$625,000
America L L C Title
Wells Fargo Bank
Grant Deed
—
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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