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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Outlet malls
2325 Bell Rd, Phoenix, AZ 85022-2901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0577516
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1984
Construction
CONCRETE
Total area
29,225 SF
Lot
2.48 ac (107,855 SF)
Zoning code
C-2
APN
214-23-001H
UPID
US07-0577516
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
-
AutoZone Auto Parts Auto Parts Store
-
AUTOZONE 2779 Auto Parts Store
-
Purple Heart Desert Thrift Shop Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
$4.20M
Blend (final)
Blend
$4.08M
Owner & transaction history
Autozone Parts INC · 4 yrs held
Autozone Parts INC
since 2022
Last sale
$3.7M
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
$3,765,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,720,000
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±10% · vs last sale $3.65M (Mar 25 2022)
Last sale anchor
$3.65M
Mar 25 2022
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
$140 / 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
$2,480
Tax year 2023
Assessed value
$440,616
Assessed 2024
Previous assessed
$23,632
+1,764.5% YoY
Effective rate
0.56%
On assessed value
Land market value
$1,165,600
Improvement market value
$1,504,800
Total market value
$2,670,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
29,225 SF
Lot
2.48 ac (107,855 SF)
Zoning code
C-2
APN
214-23-001H
UPID
US07-0577516
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Autozone Parts INC
Entity
Mailing address
PO BOX 2198, MEMPHIS, TN 38101-2198
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
$3,650,000
Autozone Parts INC
2321 Bell LLC
Special Warranty Deed
—
Jun 27, 2019
—
2321 Bell LLC
—
Deed
related
$34,429 · Vision Bk
Aug 18, 2008
$3,675,000
2321 Bell LLC
Almot LLC
Special Warranty Deed
$2,940,000 · Vision Bank
Aug 15, 2007
$2,505,000
Almot LLC
Cvs 3264 Phoenix LLC
Grant Deed
$2,740,000 · Persistence LP
Jun 26, 2006
$2,450,000
Cvs 3264 Phoenix LLC
Osco Drug Of Texas LLC
Quit Claim Deed
—
Nov 5, 2001
—
Drug Of Texas INC
American Stores Prop
Grant Deed
related
—
Sep 29, 1997
—
City Of Phoenix
Susan E Bower
Trustees Deed
related
—
Jan 12, 1993
—
American Stores Properties INC O
Skaggs Propertie
Grant Deed
related
—
—
—
Dotty Holdings Ptshp
—
Deed Of Trust
related
$2,850,297 · Vision Bank Fsb
—
—
2321 Bell LLC
—
Loan Modification
related
$34,429 · Vision Bk
—
—
2321 Bell LLC
—
Loan Modification
related
$2,659,958 · Vision Bk
—
—
2321 Bell LLC
—
Deed Of Trust
related
$2,550,000 · Great Wstrn Bk
—
—
Joseph B Dotty
—
Deed Of Trust
related
$200,000 · Vision Bank Fsb
—
—
2321 Bell LLC
—
Loan Modification
related
$2,672,055 · Vision Bank Fsb
—
—
2321 Bell LLC
—
Deed Of Trust
related
$261,420 · Vision Bank Fsb
—
—
2321 Bell LLC
—
Loan Modification
related
$2,687,496 · Vision Bank Fsb
—
—
Dotty Holdings Ptshp
—
Deed Of Trust
related
$200,000 · Vision Bank Fsb
—
—
Joseph B Dotty
—
Deed Of Trust
related
$261,420 · Vision Bank Fsb
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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