New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,985,000
Strip malls
1717 Southern Ave, Phoenix, AZ 85041-4626
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-2819870
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Construction
CONCRETE
Total area
17,190 SF
Lot
1.91 ac (83,123 SF)
Zoning code
C-2
APN
105-84-164A
UPID
US07-2819870
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.22M
Blend (final)
Blend
$4.99M
Owner & transaction history
Sushil K Thukral · 8 yrs held
Sushil K Thukral
since 2017
4 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+66.0%
Office building
$5.2M
+17.9%
Retail stores
$5.1M
+17.1%
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
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
Blend value · Realmo final
$4.99M
Range $4.49M – $5.48M · ±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
$290 / 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
$57,279
Tax year 2023
Assessed value
$628,909
Assessed 2024
Previous assessed
$537,217
+17.1% YoY
Effective rate
9.11%
On assessed value
Land market value
$885,700
Improvement market value
$2,925,868
Total market value
$3,811,568
Applied tax rate
661,300.0000
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
2009
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
17,190 SF
Lot
1.91 ac (83,123 SF)
Zoning code
C-2
APN
105-84-164A
UPID
US07-2819870
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
$4.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2009
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Sushil K Thukral
Individual
Mailing address
5576 CALIFORNIA OAK ST, SIMI VALLEY, CA 93063-4505
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2017
$1,825,000
Sushil K Thukral
Paragon Southern Plaza LLC
Grant Deed
$1,010,000 · Desert Schools FCU
Dec 23, 2013
$1,350,000
Paragon Sthrn Plaza LLC Pla
Paragon 19th Sthrn LLC
Warranty Deed
$1,274,831 · Mohave State Bank
Dec 11, 2008
—
Paragon-klc Muncie LLC
—
Trustees Deed
related
$2,395,000 · Biltmore Bank Of Arizona
Nov 10, 2008
$781,684
Paragon 19th Southern LLC
Dj Roth LLC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1717 Southern Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
