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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
2822 32nd St, Phoenix, AZ 85008-1261
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-1231877
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
CONCRETE
Total area
8,225 SF
Lot
0.03 ac (1,207 SF)
Zoning code
C-2
APN
120-23-068
UPID
US07-1231877
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
-
El Jacal Mexican Restaurant Restaurant
-
Verde Family Chiropractic Alternative Medicine Practice
-
Romana of Barbershop Barber Shop
-
Panadería garochos Bakery Specialty Food Shop
-
Clamatos La Cruda Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$1.31M
Owner & transaction history
Camelback Holdings LLC · 3 yrs held
Camelback Holdings LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.1M
+2.0%
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
$1,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,095,000
Current use
WAREHOUSE, STORAGE
$2,135,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.40M (Sep 26 2022)
Last sale anchor
$1.40M
Sep 26 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
$159 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,112
Tax year 2022
Assessed value
$33,413
Assessed 2024
Previous assessed
$26,945
+24.0% YoY
Effective rate
3.33%
On assessed value
Land market value
$40,500
Improvement market value
$162,000
Total market value
$202,500
Applied tax rate
141,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,225 SF
Lot
0.03 ac (1,207 SF)
Zoning code
C-2
APN
120-23-068
UPID
US07-1231877
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Camelback Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4735 E ARROYO VERDE DR, PARADISE VALLEY, AZ 85253-4045
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
$1,400,000
Camelback Holdings LLC
Michael P Glick
Special Warranty Deed
—
Sep 20, 2013
$480,000
Glick,michael P Family Trust
Stewart,family Trust
Grant Deed
—
Jul 8, 2010
—
Stewart Family Trust
Stewart,robert L & Patricia A
Quit Claim Deed
related
—
Feb 9, 1994
—
Robert L Stewart
H M Associates
Grant Deed
related
—
May 2, 1989
—
H M Asc Ltd
—
Deed Of Trust
related
—
Dec 21, 1988
—
Robert A Stewart
—
Deed Of Trust
related
—
—
—
Glick,michael P Family Trust
—
Deed Of Trust
related
$300,000 · Desert Schools FCU
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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