2649 W Indian School Rd Phoenix, AZ 85016
Property profile & analytics
2649 W Indian School Rd Phoenix, AZ 85016
- Commercial real estate
- 0.57 lot acres
Property ID
US07-1072147
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.
Location Intelligence
Current Use by Public Records
- USA Coatings Epoxy Flooring Services / General Contractor / Renovation Specialist
- U-Haul Neighborhood Dealer / Car Rental Facility
- Sinclair / Gas Station
- gas station / Gas Station
- Bitcoin of America ATM / Currency Exchange Service / Atm
Property Details for 2649 W Indian School Rd
- Year built
- 1974
- Construction
- STEEL FRAME
- Lot size
- 0.57 lot acres
- Zone code
- C-G
- Property type
- Commercial real estate
- APN
- 110-01-012
- APU
- 11001012
Description
This exceptional investment opportunity presents a 2,895 square foot Sinclair gas station in Phoenix, Arizona, at 2649 W Indian School Rd (APN: 110-01-015D). The property sits on a 0.78-acre lot and boasts a strong Absolute NNN lease with approximately 18.1 years remaining, expiring December 31, 2042, and includes two five-year options. Rent increases by 10% every five years, providing inflation protection. The property features a current Net Operating Income (NOI) of $144,000 and a 5.60% cap rate. Built in 2000, this high-performing location benefits from its proximity to the I-17 Freeway (approximately 220,585 vehicles per day) and a busy intersection with over 99,000 combined vehicles per day. The densely populated trade area (approximately 497,805 residents within a 5-mile radius) and proximity to Grand Canyon University (approximately 25,000 students) ensure consistent high traffic volume. The tenant, operating under the Sinclair brand, demonstrates a strong financial history, generating over $87 million in annual revenue and operating 17 locations. This investment offers significant long-term growth potential and attractive returns with minimal landlord responsibilities. The asking price is $2,571,428. The property qualifies for accelerated depreciation.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.116
- Latitude
- 33.4944
- 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
$3,908
$0.00
$0.00
$41,448
-
$245,100
$6,100
$251,200
