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Property profile & analytics
OFF-MARKET
Estimated value
$8,750,000
Community centers
21001 Tatum Blvd Ste 1630, Phoenix, AZ 85050-4242
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0026223
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Total area
20,092 SF
Lot
115.23 ac (5,019,581 SF)
Zoning code
C-2
APN
212-32-100C
UPID
US07-0026223
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.25M
Blend (final)
Blend
$8.75M
Owner & transaction history
Abs Sw Investor LLC · 19 yrs held
Abs Sw Investor LLC
since 2006
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.0M
+173.6%
Restaurant
$10.7M
+109.8%
Auto repair, garage
$8.5M
+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)
$13,990,000
Change: +174% · Conversion: Easy
RESTAURANT
$10,730,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,490,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$6,030,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$5,985,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$5,335,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$8.75M
Range $7.88M – $9.63M · ±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
$517,847
Tax year 2023
Assessed value
$38,113,200
Assessed 2024
Previous assessed
$17,054,265
+123.5% YoY
Effective rate
1.36%
On assessed value
Land market value
$130,439,800
Improvement market value
$120,440,837
Total market value
$250,880,637
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
49
Stories
1
Total area
20,092 SF
Lot
115.23 ac (5,019,581 SF)
Zoning code
C-2
APN
212-32-100C
UPID
US07-0026223
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
$14.0M
RESTAURANT
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.3M
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
2001
Heating
NONE
Stories
1
Buildings
49
Lot
115.23 ac
Current owner
From public records · entity-resolved
Abs Sw Investor LLC
Entity
Mailing address
2415 E CAMELBACK RD STE #100, PHOENIX, AZ 85016-9282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 28, 2009
—
Keg Restaurants Arizona INC
—
Deed Of Trust
related
$14,650,000 · General Electric Capital Corp
Mar 5, 2007
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$945,000,000 · Greenwich Capital Fin'l INC
Aug 3, 2006
—
Walnut Brewery INC
—
Deed Of Trust
related
$50,000,000 · Laminar Direct Capital LP
Jul 28, 2006
$6,000,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
—
May 30, 2006
—
Tango Of Arizona INC
—
Deed Of Trust
related
$160,000,000 · J P Morgan Chase Bank
Feb 7, 2006
—
Walnut Brewery INC
—
Deed Of Trust
related
$85,000,000 · Bank Of America
Nov 3, 2005
—
Bamboo Club INC
—
Deed Of Trust
related
$45,000,000 · Bank Of America
—
—
Dave & Busters INC
—
Deed Of Trust
related
$500,000 · J P Morgan Chase Bank
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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