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Property profile & analytics
FOR LEASE
Outlet malls
1976 W Baseline Rd, Phoenix, AZ 85041
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1115111
For Lease
1 / 2
$2,910,000
1976 W Baseline Rd, Phoenix, AZ 85041
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Construction
CONCRETE
Total area
20,390 SF
Lot
2.34 ac (102,128 SF)
Zoning code
C-2
APN
105-86-972
UPID
US07-1115111
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
-
Heating Refrigeration & Air Conditioning HVAC Service General Contractor
-
Axis Furniture Depot Furniture & Home Goods Home Decor Store
-
Ukraine International Travel Agency
-
Phoenix Stucco Repairs General Contractor Renovation Specialist
-
Bright Care Rehab Center Phoenix, AZ Health Counselor Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
Austin San Leon LLC · 4 yrs held
Austin San Leon LLC
since 2021
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
$2,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,200,000
6.5%
$2,955,000
7%
$2,745,000
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±10% · vs last sale $1.82M (Aug 2 2021)
Last sale anchor
$1.82M
Aug 2 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
$143 / 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
$57,136
Tax year 2023
Assessed value
$464,145
Assessed 2024
Previous assessed
$385,934
+20.3% YoY
Effective rate
12.31%
On assessed value
Land market value
$893,800
Improvement market value
$1,919,200
Total market value
$2,813,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
20,390 SF
Lot
2.34 ac (102,128 SF)
Zoning code
C-2
APN
105-86-972
UPID
US07-1115111
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Austin San Leon LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2222 MICHELSON DR #410, IRVINE, CA 92612-1332
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Austin San Leon LLC
—
Deed
related
$1,600,000 · Standard Insurance Co
Aug 2, 2021
$1,815,000
Austin San Leon LLC
Redus Properties INC
Special Warranty Deed
—
May 18, 2021
$1,328
Redus Properties INC
Avery Retail Medium A LLC
Trustees Deed
related
—
Apr 2, 2020
—
Avery Retail Medium A LLC
—
Deed
related
$1,575,000 · Wells Fargo Bk
Mar 6, 2014
$3,100,000
Avery Retail Medium A LLC
South Mountain Pavilion LLC
Special Warranty Deed
$2,325,000 · Wells Fargo Bank NA
May 15, 2008
—
South Mountain Pavillion LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Avery Retail Medium A LLC
—
Loan Modification
related
$1,575,000 · Wells Fargo Bk
—
—
South Mountain Pavilion LLC
—
Deed Of Trust
related
$43,382,666 · Kw Loan Investors Vii LLC
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
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