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Property profile & analytics
FOR LEASE
Strip malls
18631 N 19Th Ave, Phoenix, AZ 85027
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1055972
For Lease
1 / 3
$7,710,000
18631 N 19Th Ave, Phoenix, AZ 85027
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
17,709 SF
Lot
10.01 ac (435,937 SF)
Zoning code
C-2
APN
209-13-003J
UPID
US07-1055972
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
-
Howe's Your Pool Service and Repair Renovation Specialist General Contractor
-
The UPS Store Courier Service Postal Service
-
Sardella's Pizza & Wings Restaurant
-
OM Indian Bistro Restaurant Restaurant
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.15M
Blend (final)
Blend
$7.71M
Owner & transaction history
Ec Union Foundation LLC · 12 yrs held
Ec Union Foundation LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.3M
+173.6%
Restaurant
$9.5M
+109.8%
Auto repair, garage
$7.5M
+66.0%
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)
$12,335,000
Change: +174% · Conversion: Easy
RESTAURANT
$9,455,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,485,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$6,575,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$5,275,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$4,700,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.71M
Range $6.94M – $8.48M · ±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
$435 / 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
$177,099
Tax year 2023
Assessed value
$2,860,722
Assessed 2024
Previous assessed
$2,359,122
+21.3% YoY
Effective rate
6.19%
On assessed value
Land market value
$6,634,700
Improvement market value
$11,480,973
Total market value
$18,115,673
Applied tax rate
971,300.0000
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
For Lease
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
8
Total area
17,709 SF
Lot
10.01 ac (435,937 SF)
Zoning code
C-2
APN
209-13-003J
UPID
US07-1055972
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
COMMERCIAL (GENERAL)
Est. value
$12.3M
RESTAURANT
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
10.01 ac
Current owner
From public records · entity-resolved
Ec Union Foundation LLC
Entity
Mailing address
6750 W PEORIA AVE STE #117, PEORIA, AZ 85345-9318
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2014
—
Ec Union Foundation LLC
—
Grant Deed
related
$6,850,000 · German Am Cap
May 5, 2014
$10,150,000
Ec Union Foundation LLC
Donahue Schriber Realty Gr
Grant Deed
$6,400,000 · Rosalinde & Arthur Gilbert Fou
Feb 16, 2010
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$271,700,000 · Bank Of America
Apr 23, 1999
$8,802,000
Uhv Co LLC
Union Hills LLC
Grant Deed
—
Mar 28, 1997
—
Partners L L C Jam
Union Hills L L C
Grant Deed
related
—
Oct 30, 1995
$5,941,685
Hills L L C Union
Mid Financial Corp
Grant Deed
$4,250,000 · Commerce Bank
Oct 30, 1992
$8,500,000
Mid-america Financial Corp
Grace Developmen
Grant Deed
related
—
Jul 29, 1992
—
W M Grace Development Co
Uhv Joint Ventur
Grant Deed
$679,071 · Commerce Bank
Jan 13, 1988
$3,275,000
Uhv Joint Ventur
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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