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Property profile & analytics
FOR LEASE
Strip malls
1075 N 51St Ave Phoenix, AZ 85043
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0816028
For Lease
1 / 2
Contact for pricing
1075 N 51St Ave, Phoenix, AZ 85043
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
STEEL FRAME
Total area
15,000 SF
Lot
1.82 ac (79,399 SF)
Zoning code
C-2
APN
103-32-508
UPID
US07-0816028
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
-
Filiberto's Mexican Food Restaurant
-
SuperPawn Discount Store (Bike/Boat/Book/etc) Store
-
Boba Donuts Bakery Discount Store
-
Teramar Staffing Employment Agency
-
Jibe Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$4.93M
Owner & transaction history
Roosevelt Southwestern Realty Ltd L · 4 yrs held
Roosevelt Southwestern Realty Ltd L
since 2021
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Top alternative use upside
Restaurant
$8.0M
+109.8%
Auto repair, garage
$6.3M
+66.0%
Warehouse, storage
$4.9M
+28.8%
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
$3,375,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,725,000
6.5%
$3,440,000
7%
$3,195,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,820,000
Current use
RESTAURANT
$8,010,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,340,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,915,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$4,500,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$4,470,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,980,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.43M – $5.42M · ±10% · vs last sale $5.18M (Nov 30 2021)
Last sale anchor
$5.18M
Nov 30 2021
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
$328 / 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
$62,087
Tax year 2023
Assessed value
$590,503
Assessed 2024
Previous assessed
$500,446
+18.0% YoY
Effective rate
10.51%
On assessed value
Land market value
$952,700
Improvement market value
$2,626,104
Total market value
$3,578,804
Applied tax rate
51,300.0000
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,000 SF
Lot
1.82 ac (79,399 SF)
Zoning code
C-2
APN
103-32-508
UPID
US07-0816028
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning 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
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.8M
RESTAURANT
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Roosevelt Southwestern Realty Ltd L
Entity
Mailing address
25231 E INDORE DR, AURORA, CO 80016-2189
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
$5,175,874
Roosevelt Southwestern Realty Ltd L
Pwrei Roosevelt & 51st LLC
Limited Warranty Deed
$3,622,500 · Arizona FCU
Aug 22, 2014
$2,650,000
Pwrei Roosevelt & 51st LLC
51 Avenue LLC
Grant Deed
—
May 4, 2010
—
51 Avenue LLC
—
Deed Of Trust
related
$4,392,178 · Community Bank Nevada
Feb 14, 2008
—
51 Avenue LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Pwrei Roosevelt & 51st LLC
—
Deed Of Trust
related
$15,000,000 · Wells Fargo Bk
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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