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Property profile & analytics
OFF-MARKET
Strip malls
10720 Indian School Rd Phoenix, AZ 85037-5721
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0393100
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
15,358 SF
Lot
8.86 ac (385,767 SF)
Zoning code
PSC
APN
102-58-019X
UPID
US07-0393100
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
-
Savers Discount Store
-
Far East Martial Arts & Fitness Training Center Sports School
-
Taste My City Restaurant
-
ATL Wings Restaurant
-
Garden Lakes Plaza Shopping Center & Mall
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
Jgnk Investments Arizona LLC · 3 yrs held
Jgnk Investments Arizona LLC
since 2022
Last sale
$13.7M
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 2022Property tax & assessments
Tax year 2022
Tax billed
$178,192
Tax year 2022
Assessed value
$1,560,033
Assessed 2024
Previous assessed
$1,227,828
+27.1% YoY
Effective rate
11.42%
On assessed value
Land market value
$3,880,700
Improvement market value
$5,740,300
Total market value
$9,621,000
Applied tax rate
921,300.0000
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
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
15,358 SF
Lot
8.86 ac (385,767 SF)
Zoning code
PSC
APN
102-58-019X
UPID
US07-0393100
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
8.86 ac
Current owner
From public records · entity-resolved
Jgnk Investments Arizona LLC
Entity
Mailing address
3720 S SUSAN ST STE #100, SANTA ANA, CA 92704-6957
Ownership since
2022
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
Aug 12, 2022
$13,650,000
Jgnk Investments Arizona LLC
Ec Garden Lakes LLC
Special Warranty Deed
$7,000,000 · Wells Fargo Bank NA
Mar 27, 2017
—
Ec Garden Lakes LLC
—
Deed
related
$7,000,000 · Deutsche Bk Ag/ny Branch
Feb 28, 2011
$5,400,000
Ec Garden Lakes LLC
Evergreen Environmental Dev Co
Grant Deed
$3,240,000 · Sterling Savings Bank
Nov 5, 2009
$7,006,038
Evergreen Environmental Dev Co
Urman Michael R
Trustees Deed
related
—
Dec 23, 2005
—
Garden Lakes Income Invtrs LLC
—
Trustees Deed
related
$9,500,000 · Sterling Savings Bank
Sep 3, 2003
$8,625,000
Garden Lakes Income Investors
Tyrol Garden Lakes LLC
Grant Deed
related
—
Jun 5, 2001
$10
Tyrol Garden Lakes LLC
Tyrol Motor Inn INC
Grant Deed
related
$6,720 · Gmac Commercial Mortgage Corp
Apr 10, 2001
$10
Diamante Properties Corp
Garden Lakes LLC
Grant Deed
related
—
Oct 23, 1995
—
Tyrol Motor Inn INC
Tyrol Motor Inn INC
Quit Claim Deed
related
—
Jan 24, 1995
$5,200,000
Tyrol Moror Inn INC
Peoria Forrest Hill Dev
Grant Deed
—
Feb 29, 1988
—
Lake Cent Garden
Unknown
Grant Deed
related
—
—
—
Tyrol Motor INC INC
—
Deed Of Trust
related
—
—
—
Lakes L L C Garden
—
Deed Of Trust
related
—
—
—
Ec Garden Lakes LLC
—
Deed Of Trust
related
$7,000,000 · Deutsche Bk Ag/ny Branch
—
—
Thomas A Swinford
—
Deed Of Trust
related
$125,000 · Arrowhead Community Bank
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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