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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Strip malls
3001 Thomas Rd, Phoenix, AZ 85016-8023
Entity Owned
~
Est. High Equity
Property ID
US07-0664888
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
CONCRETE
Total area
9,222 SF
Lot
0.3 ac (13,033 SF)
Zoning code
C-2
APN
120-23-044
UPID
US07-0664888
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
-
Launder Land (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Marblegate Partners LLC
Marblegate Partners LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+8.8%
Medical building
$2.5M
+4.3%
Office building
$2.4M
+2.1%
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
$1,625,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,345,000
Current use
RETAIL STORES
$2,555,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,450,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$2,395,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,395,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.82M (May 29 2025)
Last sale anchor
$1.82M
May 29 2025
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
$200 / 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
Assessed value
$122,130
Assessed 2024
Previous assessed
$107,025
+14.1% YoY
Land market value
$274,500
Improvement market value
$539,700
Total market value
$814,200
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,222 SF
Lot
0.3 ac (13,033 SF)
Zoning code
C-2
APN
120-23-044
UPID
US07-0664888
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
$2.3M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Marblegate Partners LLC
Entity
Mailing address
505 W MCDOWELL RD STE A, PHOENIX, AZ 85003-1259
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$1,817,200
Marblegate Partners LLC
Lab Express INC
Special Warranty Deed
$1,387,500 · Copper State Cu
Sep 20, 2023
$1,650,000
Lab Express INC
District Medical Group INC
Special Warranty Deed
$1,350,000 · District Medical Group INC
Apr 29, 2016
$1,000,000
District Medical Group INC
Blico Properties V LLC
Grant Deed
—
Jan 28, 2011
$1,330,105
Blico Properties V LLC
Security Title Agency INC
Trustees Deed
—
Jul 14, 2004
—
Thomas Plaza LLC
Rmrg Acquisition LLC
Grant Deed
related
—
Jun 15, 2004
$850,000
Rmrg Acquisition LLC
M & M Gp
Grant Deed
—
Oct 5, 1995
$470,000
M & M General Partnership
Thomas Limited Partnershi
Grant Deed
$333,750 · Northern Trust Bank Of Ca
Nov 21, 1994
$400,000
Thomas Equity L P
Thomas Plaza Associates
Grant Deed
related
—
—
—
Thomas Plaza LLC
—
Deed Of Trust
related
$1,281,000 · Wachovia Bank NA
—
—
Thomas Plaza LLC
—
Deed Of Trust
related
$822,556 · Farmers & Merchants Bk Lng Bch
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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