Financial
Distress signals
Property profile

2446 East Thomas Rd Phoenix, AZ 85016

FOR LEASE
Strip malls
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Property ID
US07-1304995
13,442 SF 0.35 ac lot Built 1985
Last sale May 1996 · $392,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value · 2024$187k
Effective rate10.02%

Value estimate

· Sep 2026
$1.52M
$1.36M – $1.67M
Submarket $/SF estimate$1.57M
NOI build-up
Gross scheduled income$353k
Vacancy & credit loss−$36k
Operating expenses−$95k
NOI · 1,230,933.33% cap applied$222k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$255/SF
Submarket average, outlier-cleaned · 167 recorded sales of this use type
Observed band · Q1–Q3$117 – $460
Qualifying comparables14

Cap rate analysis

How does the asset earn?
1,230,933.33%
$222k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wid...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store12.0
Parking Facility10.6
Garden Center9.2

Location

2446 East Thomas Rd Phoenix, AZ 85016
County assessor Recorded deeds · 7 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3001 Thomas, Phoenix, AZ 85016-8023 $1,817,200 May 2025 9,222 SF
1902 Highland, Phoenix, AZ 85016 $162,500,000 Jun 2021 15,446 SF
1743 Camelback, Phoenix, AZ 85016-4015 $162,500,000 Jun 2021 16,788 SF
1945 Camelback, Phoenix, AZ 85016-4158 $162,500,000 Jun 2021 10,000 SF
1831 Camelback, Phoenix, AZ 85016-4162 $162,500,000 Jun 2021 9,996 SF
4525 24th, Phoenix, AZ 85016-5299 $4,050,000 Sep 2018 8,860 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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