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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Grocery and convenience stores
1609 91st Ave Phoenix, AZ 85037-4048
Trust Owned
17-yr Hold
Free & Clear
Property ID
US07-0037151
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
STEEL FRAME
Total area
4,017 SF
Lot
1.53 ac (66,590 SF)
Zoning code
PCD
APN
102-87-988
UPID
US07-0037151
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
-
Circle K Grocery & Convenience Store
-
Cardtronics ATM Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Amazon Locker - General Postal Service Courier Service
-
Bitcoin Depot | Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$3.35M
Owner & transaction history
Withers Family Trust · 17 yrs held
Withers Family Trust
since 2009
3 recorded transactions
Zoning & alternative use
PCD · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Community District is intended to establish planning and development control parameters while allowing sufficient flexibility to permit final detailed planning at the time of development and to permit and encourage the unified planning of large areas in order to achieve the mixture and variety of land uses which such large scale planning makes po…
Zone name
Planned Community District
General category
UNKNOWN
Zone area
4,977.58 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.8M
+173.6%
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
by Request
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)
$2,800,000
Change: +174% · Conversion: Easy
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±10%
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
$833 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$31,512
Tax year 2022
Assessed value
$308,582
Assessed 2024
Previous assessed
$281,044
+9.8% YoY
Effective rate
10.21%
On assessed value
Land market value
$1,092,300
Improvement market value
$777,894
Total market value
$1,870,194
Applied tax rate
171,300.0000
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
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
4,017 SF
Lot
1.53 ac (66,590 SF)
Zoning code
PCD
APN
102-87-988
UPID
US07-0037151
Jurisdiction
MARICOPA
Zoning & alternative use
PCD · Phoenix, AZZoning PCD · permitted uses
PCD · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Community District is intended to establish planning and development control parameters while allowing sufficient flexibility to permit final detailed planning at the time of development and to permit and encourage the unified planning of large areas in order to achieve the mixture and variety of land uses which such large scale planning makes possible
Zone name
Planned Community District
General category
UNKNOWN
Zone area
4,977.58 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.8M
COMMERCIAL (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
HEAT PUMP
Stories
1
Buildings
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Withers Family Trust
Trust
Free & Clear · 17 yrs held
Mailing address
361 S HENNING WAY, ANAHEIM, CA 92807-4009
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2009
—
Withers Family Trust
Withers,newton W JR & Virginia S
Quit Claim Deed
related
—
Dec 30, 2008
$2,770,000
Newton W Withers JR.
Circle K Stores INC
Grant Deed
—
Dec 9, 2003
—
Circle K Stores INC
Conocophillips Co
Grant Deed
related
—
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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