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2737 Thunderbird Rd Phoenix, AZ 85053-7716

OFF-MARKET Strip malls Google Maps
18,904 SF 3.46 ac lot Built 2007
Entity Owned ~ Est. High Equity
Estimated value (blended)
$3.30M
Range $2.97M – $3.62M (±10%)
Property ID US07-0606245

Property summary

AI-generated overview

This exceptional retail opportunity is located at 2737 W Thunderbird Rd, Phoenix, AZ 85053, at the southwest corner of I-17 and Thunderbird Road. The property, built in 2007, offers a total of 18,721 square feet of space, currently 100% vacant, presenting a unique chance for a single tenant or multiple tenants. The building is a single-story structure with C-2 zoning in Phoenix, Maricopa County. The space is ideally suited for restaurants, given its current subtype designation. The property benefits from a high-traffic location, shadow-anchored by a Best Buy. There is existing infrastructure in place, and the space is ready for immediate occupancy. Two spaces are available, ranging in size from 1,540 to 3,900 square feet. A former Anytime Fitness location is available immediately, and a Jamba Juice space will become available on March 1, 2024. This prime location offers unparalleled visibility and accessibility, making it an excellent investment for businesses seeking a strong presence in a thriving Phoenix market. The property's size and flexibility allow for a variety of retail concepts. This is a rare opportunity to secure a significant retail footprint in a high-demand area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction STEEL FRAME
Total area 18,904 SF
Lot 3.46 ac (150,684 SF)
Zoning code C-2
APN 149-23-021B
UPID US07-0606245

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Take-out & Catering
  • Hair Salon
  • Spa & Massage Center
  • Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.34M
Comparable Approach Comparable
$6.92M
Blend (final) Blend
$3.30M

Owner & transaction history

since 2025
Last sale
$5.3M
6 recorded transactions
2025
$5.3M
2021
$5.1M
2015
$2.7M
2011
$2.2M
2011
$2.4M
2006
$2.3M

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

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 wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $8.0M +66.0%
Office building $5.7M +17.9%
Retail stores $5.6M +17.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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