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Property profile & analytics
OFF-MARKET
Estimated value
$4,030,000
Grocery and convenience stores
1133 Northern Ave Phoenix, AZ 85020-4119
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-0976848
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2021
Construction
CONCRETE
Total area
5,535 SF
Lot
1.85 ac (80,455 SF)
Zoning code
PSC
APN
160-16-002R
UPID
US07-0976848
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
-
QuikTrip Grocery & Convenience Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$4.03M
Owner & transaction history
Quiktrip Corp · 6 yrs held
Quiktrip Corp
since 2020
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+173.6%
Restaurant
$3.0M
+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
$4,335,000
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)
$3,855,000
Change: +174% · Conversion: Easy
RESTAURANT
$2,955,000
Change: +110% · Conversion: Difficult
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $3.30M (Jul 15 2020)
Last sale anchor
$3.30M
Jul 15 2020
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
$728 / 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
$53,761
Tax year 2023
Assessed value
$714,577
Assessed 2024
Previous assessed
$619,055
+15.4% YoY
Effective rate
7.52%
On assessed value
Land market value
$2,716,700
Improvement market value
$1,614,068
Total market value
$4,330,768
Applied tax rate
381,300.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2021
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
5,535 SF
Lot
1.85 ac (80,455 SF)
Zoning code
PSC
APN
160-16-002R
UPID
US07-0976848
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZ
Zoning PSC · permitted uses
PSC · 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
$3.9M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
RESTAURANT
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
2021
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.85 ac
Current owner
From public records · entity-resolved
Quiktrip Corp
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 3475, TULSA, OK 74101-3475
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
$3,300,000
Quiktrip Corp
Obriens Mexican R Carlos
Grant Deed
—
Apr 3, 2019
—
Carlos Obriens Mexican Resta
—
Deed
related
$670,072 · Wells Fargo Bk
—
—
Carlos Obriens Mexican Resta
—
Loan Modification
related
$670,072 · Wells Fargo Bk
—
—
Carlos O'briens Mexican Resta
—
Deed Of Trust
related
$998,243 · Wells Fargo Bank
—
—
Carlos O'briens Scottsdale Ll
—
Deed Of Trust
related
$207,893 · Wells Fargo Bank
—
—
Carlos O'briens Mexican Restaura
—
Deed Of Trust
related
$1,100,000 · Norwest 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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