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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Strip malls
15425 48th St, Phoenix, AZ 85044-9133
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3460224
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
STEEL FRAME
Total area
11,344 SF
Lot
3.35 ac (145,931 SF)
Zoning code
C-2
APN
301-84-724
UPID
US07-3460224
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
-
Sir Barbershop Barber Shop
-
AZ Tip & Toe Nail Spa Nail Salon
-
One Stop Nutrition Specialty Food Shop
-
Foothills Plaza Commons Shopping Center & Mall
-
Betty's Dog Wash & Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
SR Plaza 4804 LLC · 4 yrs held
SR Plaza 4804 LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+17.1%
Medical building
$3.0M
+4.3%
Warehouse, storage
$2.9M
+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
$2,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,820,000
6.5%
$2,600,000
7%
$2,415,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,885,000
Current use
RETAIL STORES
$3,380,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,010,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,945,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,495,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±10% · vs last sale $2.84M (Mar 3 2022)
Last sale anchor
$2.84M
Mar 3 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
$239 / 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
$48,134
Tax year 2023
Assessed value
$942,323
Assessed 2024
Previous assessed
$762,518
+23.6% YoY
Effective rate
5.11%
On assessed value
Land market value
$3,561,400
Improvement market value
$2,149,648
Total market value
$5,711,048
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
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,344 SF
Lot
3.35 ac (145,931 SF)
Zoning code
C-2
APN
301-84-724
UPID
US07-3460224
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning 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
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.35 ac
Current owner
From public records · entity-resolved
SR Plaza 4804 LLC
Entity
Mailing address
6501 E GREENWAY PKWY STE 103STE103, SCOTTSDALE, AZ 85254-2025
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$2,835,000
SR Plaza 4804 LLC
Healdsburg Holdings Company
Special Warranty Deed
—
Mar 17, 2004
$3,525,000
Healdsburg Holding Company
Campania Island Developmen
Grant Deed
related
$2,512,500 · Affinity Bank
Nov 4, 2003
$110,000
Stephen P Gallagher
Campania Island Development
Grant Deed
related
—
Sep 18, 2003
$2,985,000
Campania Island Dev LLC
Orsett/fv 3b LLC
Grant Deed
related
$2,295,000 · Irwin Union Bank Fsb
Sep 26, 2001
—
Orsett/er LLC
Orsett/michaels Property LP
Quit Claim Deed
related
—
Sep 26, 2001
$862,490
Orsett/fv 3b LLC
Orsett/er LLC
Grant Deed
related
$1,840,000 · California Bank & Trust
—
—
Healdsburg Holding Co
—
Deed Of Trust
related
$2,125,000 · Bank Of The Orient
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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