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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Grocery and convenience stores
18655 7th St Phoenix, AZ 85024-2816
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0403116
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Construction
CONCRETE
Total area
2,796 SF
Lot
0.35 ac (15,420 SF)
Zoning code
C-1
APN
213-25-001N
UPID
US07-0403116
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
-
Craft Beer Quick Stop (Bike/Boat/Book/etc) Store Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$810k
Owner & transaction history
Bhimashankar Jyotirling LLC · 5 yrs held
Bhimashankar Jyotirling LLC
since 2021
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+66.0%
Office building
$840,000
+17.9%
Retail stores
$835,000
+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
$865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Current use
AUTO REPAIR, GARAGE
$1,180,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$835,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$740,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$725,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $750k (Apr 16 2021)
Last sale anchor
$750k
Apr 16 2021
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
$4,545
Tax year 2023
Assessed value
$56,309
Assessed 2024
Previous assessed
$56,933
-1.1% YoY
Effective rate
8.07%
On assessed value
Land market value
$177,000
Improvement market value
$164,267
Total market value
$341,267
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
2,796 SF
Lot
0.35 ac (15,420 SF)
Zoning code
C-1
APN
213-25-001N
UPID
US07-0403116
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning C-1 · permitted uses
C-1 · 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
$710,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$840,000
RETAIL STORES
Est. value
$835,000
MEDICAL BUILDING
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$725,000
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
1974
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Bhimashankar Jyotirling LLC
Entity
Mailing address
9037 N 115TH DR, YOUNGTOWN, AZ 85363-1670
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
—
Bhimashankar Jyotirling LLC
—
Deed
related
$300,000 · Bank Of America NA
Apr 16, 2021
$750,000
Bhimashankar Jyotirling LLC
Tempe Super Car Wash LLC
Special Warranty Deed
$375,000 · Bank Of America NA
Apr 16, 2021
—
Bhimashankar Jyotirling LLC
—
Deed
related
$306,000 · Cdc Small Business Finance Corp
Feb 17, 2004
—
Tempe Super Car Wash LLC
Seth Family LP
Quit Claim Deed
related
—
Feb 26, 2002
$300,000
Seth Family LP
Richards,nancy E
Grant Deed
—
Nov 25, 1998
—
Nancy E Richards
Richards,rex R
Quit Claim 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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