Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,445,000
Drug stores
28635 Nn Vly Pkwy Phoenix, AZ 85085-5434
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-2399691
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2013
Construction
CONCRETE
Total area
14,301 SF
Lot
1.83 ac (79,860 SF)
Zoning code
PCD
APN
204-24-980
UPID
US07-2399691
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$6.45M
Owner & transaction history
Rusty Realty Assocs Nnn LLC · 12 yrs held
Rusty Realty Assocs Nnn LLC
since 2014
1 recorded transaction
Zoning & alternative use
PCD · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Community District is intended to establish planning and development control parameters while allowing sufficient flexibility to permit final detailed planning at the time of development and to permit and encourage the unified planning of large areas in order to achieve the mixture and variety of land uses which such large scale planning makes po…
Zone name
Planned Community District
General category
UNKNOWN
Zone area
4,977.58 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$10.0M
+133.7%
Restaurant
$7.6M
+79.2%
Auto repair, garage
$6.0M
+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
RETAIL STORES
$4,260,000
Current use
COMMERCIAL (GENERAL)
$9,960,000
Change: +134% · Conversion: Easy
RESTAURANT
$7,635,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,045,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$6.45M
Range $5.80M – $7.09M · ±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
$451 / 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
$50,361
Tax year 2023
Assessed value
$681,810
Assessed 2024
Previous assessed
$538,934
+26.5% YoY
Effective rate
7.39%
On assessed value
Land market value
$1,450,700
Improvement market value
$2,681,484
Total market value
$4,132,184
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,301 SF
Lot
1.83 ac (79,860 SF)
Zoning code
PCD
APN
204-24-980
UPID
US07-2399691
Jurisdiction
MARICOPA
Zoning & alternative use
PCD · Phoenix, AZZoning PCD · permitted uses
PCD · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Community District is intended to establish planning and development control parameters while allowing sufficient flexibility to permit final detailed planning at the time of development and to permit and encourage the unified planning of large areas in order to achieve the mixture and variety of land uses which such large scale planning makes possible
Zone name
Planned Community District
General category
UNKNOWN
Zone area
4,977.58 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$10.0M
RESTAURANT
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2013
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Rusty Realty Assocs Nnn LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1 CVS DR, WOONSOCKET, RI 02895-6146
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2014
$5,109,147
Rusty Realty Assocs Nnn LLC
Ain 2013 Az Phoenix LLC
Grant Deed
—
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?”
You own 28635 Nn Vly Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
