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    Property profile & analytics

    1717 Southern Ave Phoenix, AZ 85041-4626

    • Strip malls
    • 17,190 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $4,985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2819870
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sr Ozzy's Tacos Y Mariscos / Restaurant
    • Family Dollar / Discount Store
    • The Drip Salon & Spa / Nail Salon
    • Watermill Express / Hardware & Home Improvement
    • Southern belle Louisiana cajun SPICES and foods / Grocery & Convenience Store

    Property Details for 1717 Southern Ave

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    1.91 lot acres
    Property size
    17,190 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    105-84-164A
    APU
    10584164A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,224,000
      Market price range: $2.01M - $7.91M
      AI Estimate
      $4,741,000
      Market price range: $1.86M - $7.06M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,375,000
      Current use
      AUTO REPAIR, GARAGE
      $7,265,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $5,160,000
      Change: +18% Conversion: Moderate
      RETAIL STORES
      $5,120,000
      Change: +17% Conversion: Easy
      MEDICAL BUILDING
      $4,565,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,460,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.096
    Latitude
    33.3918
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $57,279
    $0.00
    $0.00
    $628,909
    -
    $885,700
    $2,925,868
    $3,811,568

    Comparable in this City

    • Value Estimation
      $1,055,000
      9,350 SF

      3901 Southern Ave

      SHOPPING CENTER, STRIP CENTER • 9,350 SF
      3901 Southern Ave, Phoenix, AZ 85041-4144
      View Details
    • Value Estimation
      $4,945,000
      11,357 SF

      3404 Southern Ave

      SHOPPING CENTER, STRIP CENTER • 11,357 SF
      3404 Southern Ave, Phoenix, AZ 85041-4306
      View Details
    • Value Estimation
      $1,880,000
      7,200 SF

      2030 Baseline Rd Ste, Unit 183

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      2030 Baseline Rd Ste, Phoenix, AZ 85041-6574
      View Details
    • Value Estimation
      $4,230,000
      13,860 SF

      2710 Southern Ave

      SHOPPING CENTER, STRIP CENTER • 13,860 SF
      2710 Southern Ave, Phoenix, AZ 85041-4501
      View Details
    • Value Estimation
      $1,220,000
      2,800 SF

      1 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 2,800 SF
      1 Baseline Rd, Phoenix, AZ 85041-7102
      View Details
    • Value Estimation
      $1,705,000
      6,570 SF

      2020 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 6,570 SF
      2020 Baseline Rd, Phoenix, AZ 85041-6573
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Phoenix Land Parcel For Sale

      3.844 AC parcel suitable for gas station, retail, and more.
      4402 S 35Th Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      2,700 SF

      Phoenix C-Store/Gas Station Opportunity

      Hard corner gas station for sale, lease, or build-to-suit.
      709 W Southern Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      2,700 SF

      Phoenix Retail Investment Opportunity

      High-traffic convenience store/QSR space
      709 Southern Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      1.11 Acres

      Phoenix Retail Center - 167,471 SF

      High-traffic retail land, flexible zoning.
      4402 35Th Ave, Phoenix, AZ 85041
      View Details
    • $3,300,000
      18,420 SF

      Prime Phoenix Retail Center

      High-traffic retail investment, 18,420 sq ft
      6310 35Th Ave, Phoenix, AZ 85041
      View Details
    • $299,800
      1.07 Acres

      Phoenix Acre Lot with Views

      Spacious 1.068 acre lot with downtown Phoenix views.
      2500 W Sunrise Dr, Phoenix, AZ 85041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,176 SF

      Retail Space in Growing Suburb

      Retail space available in a strategically positioned shopping center.
      3525 W Southern Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      76,254 SF

      Phoenix Retail Center Investment Opportunity

      76,254 SF Strip Center, 1,200 SF Available
      6036 7Th Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      1,176 SF

      Retail Space in Phoenix Center

      Well-maintained shopping center with high visibility and traffic.
      1810 W Southern Ave, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      20,000 SF

      Retail Shops and PADs Available

      Retail spaces for lease in a high-traffic Phoenix location.
      1843 W Baseline Rd, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      20,390 SF

      Prime Retail Space Available

      Retail space with strong anchor tenants and excellent visibility.
      1976 W Baseline Rd, Phoenix, AZ 85041
      View Details
    • Contact for pricing
      1,111 SF

      New Retail Space Available

      Newly built shopping center space for lease in Phoenix.
      3424 W Southern Ave, Phoenix, AZ 85041
      View Details
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    Phoenix, AZ 85041-4626
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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