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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Grocery and convenience stores
3102 Van Buren St Phoenix, AZ 85009-4820
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1348157
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1964
Construction
CONCRETE
Total area
2,700 SF
Lot
0.15 ac (6,325 SF)
Zoning code
C-3
APN
109-25-151
UPID
US07-1348157
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
-
Singh Motorsports Car Dealership
-
Mercado Latino y Carniceria Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$809k
Blend (final)
Blend
$675k
Owner & transaction history
Monica Gaytan · 2 yrs held
Monica Gaytan
since 2024
Last sale
$675,000
2 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+25.0%
Retail stores
$805,000
+17.1%
Warehouse, storage
$730,000
+6.1%
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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$730,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Feb 9 2024)
Last sale anchor
$675k
Feb 9 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
$250 / 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
$3,665
Tax year 2023
Assessed value
$49,269
Assessed 2024
Previous assessed
$40,273
+22.3% YoY
Effective rate
7.44%
On assessed value
Land market value
$143,400
Improvement market value
$155,200
Total market value
$298,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
2,700 SF
Lot
0.15 ac (6,325 SF)
Zoning code
C-3
APN
109-25-151
UPID
US07-1348157
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
$685,000
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$730,000
MEDICAL BUILDING
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1964
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Monica Gaytan
Individual
Mailing address
12721 W NONTEBELO AVE, LITCHFIELD, AZ 85340
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
$675,000
Monica Gaytan
Lrs Investments LLP
Special Warranty Deed
$475,000 · Lrs Investments LLP
Jan 16, 1990
$425,000
L R S Investment
Kosu INC
Grant Deed
$360,000 · Seller
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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