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Property profile & analytics
OFF-MARKET
Estimated value
$5,390,000
Strip malls
3020 Van Buren St, Phoenix, AZ 85009-4908
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0674323
Property summary
AI-generated overview
Sinaloa Plaza, located at 3020 & 3024 W Van Buren St in Phoenix, Arizona, presents a compelling investment opportunity within the Tolleson Ret submarket. This vibrant, 23,239 square foot retail strip center, built in 2008, boasts a strong tenant base and high retention rates, indicating a successful and stable location. Currently, there is 1,375 square feet of vacant space available, perfect for a variety of commercial uses. The property is zoned C-3 by the City of Phoenix and situated in Maricopa County. Ample parking is provided with 75 spaces for customers and employees. The center's location on W Van Buren St ensures high visibility and accessibility, attracting a consistent flow of foot traffic. This established retail center offers a proven track record and a loyal customer base, making it an ideal location for businesses seeking strong brand visibility and a thriving commercial environment. The property's success is further evidenced by its high tenant retention, demonstrating a desirable and stable market position within the Tolleson Ret submarket of Phoenix, Arizona. The zip code is 85009.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
CONCRETE
Total area
20,845 SF
Lot
2.1 ac (91,652 SF)
Zoning code
C-3
APN
109-26-086
UPID
US07-0674323
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
-
The Credit Repair - Phoenix, AZ Financial Advisor
-
TitleMax Title Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.78M
Comparable Approach
Comparable
$6.86M
Blend (final)
Blend
$5.39M
Owner & transaction history
Thomas J Dechant · 2 yrs held
Thomas J Dechant
since 2023
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+25.0%
Industrial (general)
$6.3M
+17.9%
Retail stores
$6.2M
+17.1%
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
$5,950,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,180,000
6.5%
$4,780,000
7%
$4,440,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,305,000
Current use
AUTO REPAIR, GARAGE
$6,630,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,255,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$6,210,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$5,625,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$5.39M
Range $4.85M – $5.93M · ±10% · vs last sale $4.25M (Dec 1 2023)
Last sale anchor
$4.25M
Dec 1 2023
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
$259 / 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
$60,057
Tax year 2023
Assessed value
$826,353
Assessed 2024
Previous assessed
$669,426
+23.4% YoY
Effective rate
7.27%
On assessed value
Land market value
$1,632,200
Improvement market value
$3,376,000
Total market value
$5,008,200
Applied tax rate
51,300.0000
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
20,845 SF
Lot
2.1 ac (91,652 SF)
Zoning code
C-3
APN
109-26-086
UPID
US07-0674323
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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
$5.3M
AUTO REPAIR, GARAGE
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$6.2M
WAREHOUSE, STORAGE
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Thomas J Dechant
Individual
Mailing address
3214 S SARIVAL AVE, GOODYEAR, AZ 85338-3505
Ownership since
2023
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
Dec 1, 2023
—
Thomas J Dechant
Sinaloa Plaza Investors LP
Special Warranty Deed
—
Dec 1, 2023
$4,250,000
Sinaloa Plaza One LLC
Thomas J Dechant
Special Warranty Deed
—
Jan 10, 2019
—
Sinaloa Management LLC
Sinaloa Plaza Center LLC
Quit Claim Deed
$1,000,000 · Honn R M Separate Prop Tr (pt)
Dec 16, 2016
$1,650,000
Sinaloa Plaza Center LLC
Van Buren Properties LLC
Grant Deed
$1,000,000 · Honn Robert M Trust (pt)
Mar 2, 2012
$3,800,000
Van Buren Properties LLC
Meyer,ronald W
Trustees Deed
—
Dec 22, 2011
$3,800,000
Van Buren Properties LLC
Meyer,ronald W
Trustees Deed
related
—
Jan 13, 2011
—
Ar & Investments LLC
—
Deed Of Trust
related
$3,000,000 · Paul Buchheit
Jan 22, 2010
—
Sinaloa Plaza LLC
Hamid,hisham H
Quit Claim Deed
related
$1,000,000 · Jabt LLC
Feb 16, 2006
—
Hisham H Hamid
Owner Name Unavailable
Grant Deed
related
—
—
—
Sinaloa Plaza LLC
—
Deed Of Trust
related
$3,000,000 · Paul Buchheit
—
—
Van Buren Properties LLC
—
Deed Of Trust
related
$1,615,000 · Lewis Delbert R JR Tr (pt)
—
—
Sinaloa Plaza LLC
—
Deed Of Trust
related
$1,000,000 · Paul Buchheit
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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