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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Strip malls
16428 32nd St, Phoenix, AZ 85032-3176
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0988739
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
16,173 SF
Lot
1.12 ac (48,805 SF)
Zoning code
C-2
APN
214-31-014B
UPID
US07-0988739
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
-
Estetica Y Barberia Alejandras Hair Salon Nail Salon
-
Juarez Income Tax Services Tax Preparation
-
Dog Eared Pages Used Book (Bike/Boat/Book/etc) Store
-
Foresight Creative Group Marketing & Advertising Advertising Agency
-
Wholesale CBD Distributors Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$1.80M
Owner & transaction history
Mda Paradise LLC · 2 yrs held
Mda Paradise LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Mar 4 2024)
Last sale anchor
$1.80M
Mar 4 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
$111 / 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
$24,505
Tax year 2023
Assessed value
$291,150
Assessed 2024
Previous assessed
$291,150
+0.0% YoY
Effective rate
8.42%
On assessed value
Land market value
$489,900
Improvement market value
$1,274,644
Total market value
$1,764,544
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,173 SF
Lot
1.12 ac (48,805 SF)
Zoning code
C-2
APN
214-31-014B
UPID
US07-0988739
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.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mda Paradise LLC
Entity
Free & Clear · 2 yrs held
Mailing address
48 N MACDONALD, MESA, AZ 85201-7329
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
$1,800,000
Mda Paradise LLC
Abraham Eid
Special Warranty Deed
—
Jan 13, 2017
$1,380,000
Karim Eid
Old Hart Rd LLC
Grant Deed
$897,000 · Bank34
Jan 13, 2017
—
Old Hart Rd LLC
Paradise Place Venture LLC
Grant Deed
—
Jun 30, 2006
—
Paradise Place Venture LLC
Bp Properties
Special Warranty Deed
$1,275,000 · Union Central Mortgage Funding INC
Sep 13, 1995
$425,000
B P Propeties
Farmers Life Insurance Co
Grant Deed
—
Oct 1, 1993
$730,000
Farmers New World Life Insurance
Divito
Trustees Deed
—
—
—
Bp Properties Gp
—
Deed Of Trust
related
$500,000 · Norwest Bank
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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