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Property profile & analytics
FOR SALE
Retail space
2861 N 52Nd Ave Phoenix, AZ 85035
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0437308
For Sale
1 / 4
$1,395,000
2861 N 52Nd Ave, Phoenix, AZ 85035
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
STEEL FRAME
Total area
5,714 SF
Lot
0.46 ac (20,215 SF)
Zoning code
C-N
APN
103-54-086
UPID
US07-0437308
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
-
Estrella Insurance #208 Insurance Agency
-
Fade City Barbershop Barber Shop
-
Unique Cuts Barber Shop
-
Durango Barber Shop Hair Salon
-
Quick Corner Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.14M
Owner & transaction history
52nd And Thomas LLC · 1 yrs held
52nd And Thomas LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C-N · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+0.7%
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
RETAIL STORES
$1,705,000
Current use
OFFICE BUILDING
$1,715,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,515,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,485,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,455,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.21M (Oct 17 2024)
Last sale anchor
$1.21M
Oct 17 2024
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
$199 / 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
$11,507
Tax year 2023
Assessed value
$112,234
Assessed 2024
Previous assessed
$93,449
+20.1% YoY
Effective rate
10.25%
On assessed value
Land market value
$293,900
Improvement market value
$386,307
Total market value
$680,207
Applied tax rate
831,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,714 SF
Lot
0.46 ac (20,215 SF)
Zoning code
C-N
APN
103-54-086
UPID
US07-0437308
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Phoenix, AZ
Zoning C-N · permitted uses
C-N · 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
RETAIL STORES Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
52nd And Thomas LLC
Entity
Mailing address
3219 E CAMELBACK RD STE #561, PHOENIX, AZ 85018-2307
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
52nd And Thomas LLC
—
Deed
related
$968,000 · Ks Statebank
Jan 17, 2025
$1,210,000
52nd And Thomas LLC
Palm Group Holdings LLC
Warranty Deed
—
Dec 23, 2022
—
Palm Group Holdings LLC
—
Deed
related
$4,000,000 · Midfirst Bank
Aug 7, 2019
—
Palm Group Holdings LLC
Nrm Investors LLC
Grant Deed
—
Oct 27, 2011
$210,000
Nrm Investors LLC
Zions First Natl Bk
Grant Deed
—
Aug 26, 2011
$751,335
Zions First Natl Bk
Gillespie,margaret A
Trustees Deed
related
—
Sep 22, 2004
$307,000
Fidai Investments LLC
Dollar Store LLC
Quit Claim Deed
related
—
Mar 1, 2001
$307,000
Dollar Store LLC
Gaudreau,robert & Lesa
Grant Deed
$153,500 · Seller
Jan 4, 1999
—
Robert Gaudreau
Widoff,marc W
Quit Claim Deed
related
—
Feb 11, 1988
$70,000
Marc W Widoff
—
Deed Of Trust
related
—
—
—
Nrm Investors LLC
—
Deed Of Trust
related
$160,000 · Sir Mtg & Fin/az
—
—
Marc W Widoff
—
Deed Of Trust
related
$22,200 · Valley National Bank Arizona
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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