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Property profile & analytics
FOR LEASE
Strip malls

3010 S 99Th Ave Tolleson, AZ 85353

7,054 SF 1.15 ac lot Built 2020
Trust Owned 5-yr Hold ~ Est. High Equity
Property ID
US07-2115194
Property summary
AI-generated overview

This exceptional 7,054-square-foot commercial property, built in 2020, presents a unique investment opportunity in the thriving Tolleson, Arizona market. Located at 3010 S 99th Ave, Tolleson, AZ 85353 (APN 101-25-853), this single-tenant space is zoned for retail, office, and restaurant uses. Previously occupied by a yogurt shop, the adaptable 1,200 square-foot layout offers high ceilings, abundant natural light, and an open floor plan, ideal for customization to suit a variety of businesses. The property benefits from its location in a high-traffic area with ample parking, ensuring excellent visibility and accessibility for customers. The Phoenix submarket provides a strong foundation for business growth, making this an attractive option for entrepreneurs seeking a well-positioned commercial space. The property's modern design and convenient location combine to create a compelling opportunity for a successful business venture. This is a chance to establish a presence in a dynamic and growing community. The total building size is 7,054 square feet, offering significant potential for expansion or multi-tenant use. The property's versatility and prime location make it an exceptional investment opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Total area 7,054 SF
Lot 1.15 ac (50,110 SF)
Zoning code C-2
APN 101-25-853
UPID US07-2115194
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
  • La Patrona Restaurant
  • Teriyaki Madness Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.44M
Blend (final) Blend
$3.22M
Owner & transaction history
Hamamjian,sarkis & Zar RT Trust · 5 yrs held
Hamamjian,sarkis & Zar RT Trust
since 2021
Last sale
$3.2M
6 recorded transactions
2022
Price N/A
2021
$3.2M
2019
Price N/A
2019
$550,000
2017
$400,000
2008
Price N/A
Zoning & alternative use
C-2 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

In the C-2 District. In the C-2 District, the following additional uses including the above uses in division (A) above are designated as use permitted subject to a use permit. All use permits must be approved by the Tolleson City Council at a public meeting as per §

Zone name General Commercial
General category COMMERCIAL
Zone area 369.65 ac
Source code of ordinances
Top alternative use upside
Restaurant $4.0M +80.5%
Auto repair, garage $3.1M +40.6%
Retail stores $2.4M +6.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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