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Property profile & analytics
FOR LEASE
Outlet malls
2020 N 75Th Ave, Phoenix, AZ 85035
Entity Owned
Free & Clear
Property ID
US07-0144757
For Lease
1 / 2
$12,670,000
2020 N 75Th Ave, Phoenix, AZ 85035
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1992
Total area
65,520 SF
Lot
10.08 ac (438,968 SF)
APN
102-39-928
UPID
US07-0144757
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.77M
Blend (final)
Blend
$12.67M
Owner & transaction history
Petsmart LLC
Petsmart LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.7M
+0.7%
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
RETAIL STORES
$19,525,000
Current use
OFFICE BUILDING
$19,665,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$17,390,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,005,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,675,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$12.67M
Range $11.40M – $13.94M · ±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
$193 / 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
$151,914
Tax year 2023
Assessed value
$1,340,427
Assessed 2024
Previous assessed
$1,218,152
+10.0% YoY
Effective rate
11.33%
On assessed value
Land market value
$2,041,200
Improvement market value
$6,082,600
Total market value
$8,123,800
Applied tax rate
831,300.0000
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
1992
Buildings
4
Stories
1
Total area
65,520 SF
Lot
10.08 ac (438,968 SF)
APN
102-39-928
UPID
US07-0144757
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$19.5M
OFFICE BUILDING
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$17.4M
WAREHOUSE, STORAGE
Est. value
$17.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.7M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Stories
1
Buildings
4
Lot
10.08 ac
Current owner
From public records · entity-resolved
Petsmart LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
Ownership since
2025
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
Oct 23, 2025
—
Petsmart LLC
Dse Spe LLC
Deed
—
Sep 17, 2024
$212,585
Hb Prescott Valley LLC
Mme LLC
Special Warranty Deed
—
Aug 26, 2024
$4,691,200
Mme LLC
Dse Lot 2 LLC
Special Warranty Deed
—
Apr 23, 2024
—
Dse Lot 2 LLC
—
Deed
related
$2,150,000 · Farmers & Merchants Bank Of Long Beach
Feb 17, 2022
—
Dse Lot 2 LLC
Dse Spe LLC
Deed
related
—
Jul 19, 2021
—
Dse Spe LLC
Dse Spe LLC
Intrafamily Transfer
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.
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?”
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