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    2020 75th Ave Ste, Unit 45 Phoenix, AZ 85035-3246
    Property profile & analytics

    2020 75th Ave Ste, Unit 45 Phoenix, AZ 85035-3246

    View on Map
    • Outlet malls
    • 24,284 SF
    • 4.86 lot acres
    Off-Market
    Last Sale Jul 23, 2025
    Property ID
    US07-0151846
    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.
    Value Estimations
    $4,010,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Home Theater Installation / Electrical Service / General Contractor
    • Walmart Home Services / Social Service Agency
    • Amazon Locker - Morocco / Postal Service / Courier Service
    • Walmart Bakery / Bakery / Specialty Food Shop
    • Walmart House Cleaning Services / Hardware & Home Improvement

    Property Details for 2020 75th Ave Ste

    Year built
    1998
    Lot size
    4.86 lot acres
    Property size
    24,284 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    102-39-927
    APU
    10239927

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,575,000
      6.5%
      $4,225,000
      7%
      $3,920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,935,000
      Market price range: $2.86M - $13.4M
      AI Estimate
      $3,875,000
      Market price range: $2.79M - $13.2M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $6,445,000
      WAREHOUSE, STORAGE
      $6,305,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.223
    Latitude
    33.4679
    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
    $48,613
    $0.00
    $0.00
    $413,111
    -
    $984,100
    $1,519,600
    $2,503,700

    Comparable in this City

    • Value Estimation
      $17,650,000
      135,197 SF

      1620 75th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 135,197 SF
      1620 75th Ave, Phoenix, AZ 85035-4539
      View Details
    • Value Estimation
      $12,670,000
      65,520 SF

      2020 75th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 65,520 SF
      2020 75th Ave, Phoenix, AZ 85035-3200
      View Details
    • Value Estimation
      $20,580,000
      122,361 SF

      7409 Virginia Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 122,361 SF
      7409 Virginia Ave, Phoenix, AZ 85035-1336
      View Details
    • Value Estimation
      $14,390,000
      100,984 SF

      7333 Mcdowell Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 100,984 SF
      7333 Mcdowell Rd, Phoenix, AZ 85035-4535
      View Details
    • Value Estimation
      $4,790,000
      15,788 SF

      1820 75th Ave

      SHOPPING CENTER, STRIP CENTER • 15,788 SF
      1820 75th Ave, Phoenix, AZ 85035-4533
      View Details
    • Value Estimation
      $1,105,000
      4,448 SF

      1625 51st Ave

      SHOPPING CENTER, STRIP CENTER • 4,448 SF
      1625 51st Ave, Phoenix, AZ 85035-3941
      View Details

    Similar Nearby for Sale

    • $1,732,000
      2,855 SF

      Circle K NNN Ground Lease

      Absolute NNN ground lease with zero landlord responsibilities.
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      2,500 SF

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      Retail/Office project with excellent access, visibility, and signage.
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      4.5 acre site with office space for lease.
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      14,995 SF

      Walgreens For Sale in Phoenix

      Walgreens retail property available in Phoenix, Arizona.
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    • Contact for pricing

      Phoenix Land Parcel For Sale

      Commercial land parcel in Phoenix, close to major routes.
      2524 N 83Rd Ave, Phoenix, AZ 85035
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      168,312 SF

      Phoenix Warehouse with Secured Truck Court

      168,312 SF warehouse featuring secured truck court in Phoenix.
      2550 S 51St Ave, Phoenix, AZ 85035
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    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Retail Space Near Desert Sky

      Retail space anchored by Walmart and Lowe's near I-10.
      2020 N 75Th Ave, Phoenix, AZ 85035
      View Details
    • Contact for pricing

      Land Adjacent to Desert Sky

      Commercial land for rent near Desert Sky Mall.
      2820 N 75Th Ave, Phoenix, AZ 85035
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space with High Visibility

      Retail space available near I-10 with high traffic volume.
      5106-5124 W Mcdowell Rd, Phoenix, AZ 85035
      View Details
    • Contact for pricing
      1,680 SF

      Restaurant End Cap Space Available

      1,680 SF fully-equipped former restaurant space for lease.
      5131 W Mcdowell Rd, Phoenix, AZ 85035
      View Details
    • Contact for pricing
      8,237 SF

      Former Restaurant Space Available

      Highly visible restaurant space within Desert Sky Mall.
      2810 N 75Th Ave, Phoenix, AZ 85035
      View Details
    • $1.35 SF/Yr

      Industrial Space For Lease

      Industrial property available for lease with frontage on W McDowell.
      4845 W Mcdowell Rd, Phoenix, AZ 85035
      View Details
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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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