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Financial
Distress signals
Property profile

1240 Indian School Rd Phoenix, AZ 85014

OFF-MARKET
Outlet malls
Property ID
US07-0413491
17,063 SF 2.02 ac lot Built 2002
Last sale Dec 2022 · $4,183,837
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a longstanding retail building configured for a single-tenant discount retail use, with a reported total area of 15,313 square feet. It was converted to operate as a Dollar Tree store in 2024, having previously been used as a 99 Cent Only store. The property has been subject to an absolute triple-net (NNN) lease with a tenant identified as Dollar Tree, with approximately 11 years remaining at the time of the listing. The lease structure includes scheduled rental increases of 10% every five years and provides multiple renewal options.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$44k
Tax billed · 2023
Assessed value · 2024$694k
Effective rate6.27%

Value estimate

· Oct 2026
$4.32M
$3.88M – $4.75M
CAP approach$2.97M
Submarket $/SF estimate$6.61M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$298/SF
Submarket average, outlier-cleaned · 373 recorded sales of this use type
Observed band · Q1–Q3$118 – $551
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
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 wid...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply23.9
Restaurant22.7
Realty agency18.9

Location

1240 Indian School Rd Phoenix, AZ 85014-4924
County assessor Recorded deeds · 5 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

16 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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