New search
Property profile & analytics
FOR LEASE
Outlet malls
2805 Agua Fria Fwy, Phoenix, AZ 85027
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1046906
For Lease
1 / 2
$16,495,000
2805 Agua Fria Fwy, Phoenix, AZ 85027
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
CONCRETE
Total area
30,187 SF
Lot
13.62 ac (593,244 SF)
Zoning code
C-2
APN
206-09-027
UPID
US07-1046906
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
-
Loan Anh Do Dental Office
-
Supercuts Hair Salon
-
America's Best Contacts & Eyeglasses Physician
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Noodles and Company Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.64M
Blend (final)
Blend
$16.50M
Owner & transaction history
Ddra Community Centers Eight L P · 1 yrs held
Ddra Community Centers Eight L P
since 2024
5 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.0M
+133.7%
Restaurant
$16.1M
+79.2%
Auto repair, garage
$12.8M
+41.8%
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)
$21,025,000
Change: +134% · Conversion: Easy
RESTAURANT
$16,120,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,755,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$11,205,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$16.50M
Range $14.85M – $18.14M · ±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
$546 / 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
$317,779
Tax year 2023
Assessed value
$4,482,786
Assessed 2024
Previous assessed
$3,247,085
+38.1% YoY
Effective rate
7.09%
On assessed value
Land market value
$13,463,500
Improvement market value
$13,704,900
Total market value
$27,168,400
Applied tax rate
971,300.0000
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
For Lease
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
7
Stories
1
Units
7
Total area
30,187 SF
Lot
13.62 ac (593,244 SF)
Zoning code
C-2
APN
206-09-027
UPID
US07-1046906
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
$21.0M
RESTAURANT
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$12.8M
OFFICE BUILDING
Est. value
$11.2M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE 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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
7
Units
7
Lot
13.62 ac
Current owner
From public records · entity-resolved
Ddra Community Centers Eight L P
Individual
Free & Clear · 1 yrs held
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Vb S1 Assets LLC
—
Deed
related
$26,238 · Deutsche Bank Trust Co Americas
Nov 19, 2024
—
Ddra Community Centers Eight L P
Ddra Community Centers Eight LP
Deed
related
—
Aug 9, 2024
—
Ddra Community Centers Eight LP
—
Deed
related
$530,000,000 · Atlas Secured Products Funding LP
Mar 26, 1998
$580,000
Foodmaker INC
Vestar Arizona Xiv LLC
Grant Deed
—
—
—
Ddra Cmnty Centers Eight
—
Deed Of Trust
related
$400,000 · Goldman Sachs Comm'l Mtg Cap
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
