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Property profile & analytics
FOR LEASE
Strip malls
12020 S Warner Elliot Loop, Phoenix, AZ 85044
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1150064
For Lease
1 / 6
$16 SF/Yr
12020 S Warner Elliot Loop, Phoenix, AZ 85044
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
27,026 SF
Lot
2.1 ac (91,607 SF)
Zoning code
C-1
APN
301-55-726A
UPID
US07-1150064
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
-
Phoenix Commercial Kitchen Take-out & Catering
-
Designs By Manross General Contractor Renovation Specialist
-
Domino's Pizza Take-out & Catering
-
Ahwatukee Barbers Barber Shop
-
Jola’s Hair Gallery Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.20M
Comparable Approach
Comparable
$5.09M
Blend (final)
Blend
$4.46M
Owner & transaction history
Awd Equestrian American LLC · 4 yrs held
Awd Equestrian American LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+4.3%
Warehouse, storage
$7.0M
+2.0%
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
$3,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,715,000
6.5%
$6,195,000
7%
$5,755,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,880,000
Current use
MEDICAL BUILDING
$7,175,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,015,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,945,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.46M
Range $4.01M – $4.90M · ±10% · vs last sale $3.72M (Jun 16 2022)
Last sale anchor
$3.72M
Jun 16 2022
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
$165 / 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
$47,773
Tax year 2023
Assessed value
$612,975
Assessed 2024
Previous assessed
$631,006
-2.9% YoY
Effective rate
7.79%
On assessed value
Land market value
$2,084,100
Improvement market value
$1,630,900
Total market value
$3,715,000
Applied tax rate
281,300.0000
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
27,026 SF
Lot
2.1 ac (91,607 SF)
Zoning code
C-1
APN
301-55-726A
UPID
US07-1150064
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning C-1 · permitted uses
C-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Awd Equestrian American LLC
Entity
Mailing address
3499 N CAMPBELL AVE STE #907, TUCSON, AZ 85719-2376
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$3,715,000
Awd Equestrian American LLC
M & N Realty LLC
Special Warranty Deed
$2,230,000 · Assurity Life Insurance Company
Aug 14, 2017
—
M & N Realty LLC
—
Deed
related
$1,800,000 · Miscellaneous Ins Co
Feb 13, 1998
$2,530,000
M & N Realty LLC
Developing Trading & Transacti
Trustees Deed
—
Feb 13, 1998
—
Developing Trading & Transacti
Old Republic Title
Trustees Deed
related
—
Feb 13, 1997
$2,530,000
M & N Realty L L C
Developing Transacting Nv
Trustees Deed
$1,750,000 · Midland Loan Services LP
Feb 13, 1997
—
Developing Trading & Transacting
Old Republic Title T10423
Trustees Deed
related
—
Aug 29, 1988
$3,430,000
Title Executive
Eques
Grant Deed
—
—
—
M & N Realty LLC
—
Deed Of Trust
related
$2,000,000 · Cuna Mutual Life Insurance Co
—
—
M & N Realty LLC
—
Deed Of Trust
related
$1,800,000 · Miscellaneous Ins Co
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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