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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Strip malls
15840 32nd St, Phoenix, AZ 85032-3851
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1225991
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
4,686 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C-2
APN
214-36-070
UPID
US07-1225991
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
-
Lino&Sons Developments Construction Company
-
Paisa Envios Shipping Company Freight Service
-
Quality Automotive Sales LLC Auto Dealer Car Dealership
-
2nd Love Store / Estate Liquidation Services Discount Store
-
Guatelinda AZ Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$1.10M
Owner & transaction history
Nassor International Trading LLC · 2 yrs held
Nassor International Trading LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+18.8%
Retail stores
$1.3M
+10.3%
Medical building
$1.2M
+4.3%
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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Current use
OFFICE BUILDING
$1,415,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$1,315,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$1,245,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,215,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Jun 12 2024)
Last sale anchor
$1.10M
Jun 12 2024
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
$235 / 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
$6,979
Tax year 2023
Assessed value
$87,553
Assessed 2024
Previous assessed
$87,553
+0.0% YoY
Effective rate
7.97%
On assessed value
Land market value
$172,700
Improvement market value
$357,923
Total market value
$530,623
Applied tax rate
691,300.0000
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,686 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C-2
APN
214-36-070
UPID
US07-1225991
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
$1.2M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Nassor International Trading LLC
Entity
Mailing address
7155 W PONTIAC DR, GLENDALE, AZ 85308-9646
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
$1,100,000
Nassor International Trading LLC
Hassan Ghaleb
Special Warranty Deed
$550,000 · Galeb Hassan
Jun 30, 2021
$737,000
Hassan Ghaleb
East Valley Realty Group LLC
Special Warranty Deed
—
Jul 13, 2017
—
East Valley Realty Group LLC
—
Deed
related
$85,000 · Capital Fund I LLC
Mar 1, 2016
—
East Valley Realty Group LLC
Wilson,thomas M
Quit Claim Deed
related
—
Jul 17, 2014
$437,500
Thomas Wilson
Westland Partners LLC
Grant Deed
—
Mar 23, 2012
$250,000
Westland Partners LLC
Richard L Gordon En Pp Of Trust
Grant Deed
$150,000 · Richard L Gordon En Pp/tr (ct)
Nov 16, 2011
$233,499
Richard L Gordon Ents Pp Of Trust
Medigovich,mitchel S SR
Trustees Deed
related
—
Nov 16, 1998
$390,000
Mcdowell Trust
Ami-team
Grant Deed
—
Jun 10, 1994
$282,357
Ami Acquisitions INC
Brinegar
Grant Deed
—
—
—
Mcdowell Family Trust
—
Deed Of Trust
related
$220,000 · Ratibor & Vera Djekic
—
—
L L C Ami-team
—
Deed Of Trust
related
—
—
—
Brinegar Don E
—
Deed Of Trust
related
$36,830 · Seller
—
—
Mcdowell Family Trust
—
Deed Of Trust
related
$230,000 · Seymour Rosen
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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