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Property profile & analytics
OFF-MARKET
Estimated value
$14,805,000
Grocery and convenience stores
3130 Carefree Hwy Phoenix, AZ 85086-3200
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1155181
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
CONCRETE
Total area
57,560 SF
Lot
5.87 ac (255,516 SF)
Zoning code
C-2
APN
203-26-934A
UPID
US07-1155181
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
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Albertsons Pharmacy Pharmacy
-
Neil P. Coronado, PharmD Pharmacy
-
U.S. Bank Branch Bank Loan Service
-
U.S. Bank ATM - Carefree - Albertsons Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.92M
Blend (final)
Blend
$14.81M
Owner & transaction history
Albertsons LLC · 1 yrs held
Albertsons LLC
since 2025
6 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.3M
+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
$17,150,000
Current use
AUTO REPAIR, GARAGE
$24,320,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$15,280,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,940,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,650,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$14.81M
Range $13.32M – $16.29M · ±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
$257 / 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
$137,659
Tax year 2023
Assessed value
$1,566,012
Assessed 2024
Previous assessed
$1,253,223
+25.0% YoY
Effective rate
8.79%
On assessed value
Land market value
$3,678,100
Improvement market value
$5,812,882
Total market value
$9,490,982
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
57,560 SF
Lot
5.87 ac (255,516 SF)
Zoning code
C-2
APN
203-26-934A
UPID
US07-1155181
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
RETAIL STORES Current
Est. value
$17.2M
AUTO REPAIR, GARAGE
Est. value
$24.3M
MEDICAL BUILDING
Est. value
$15.3M
WAREHOUSE, STORAGE
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.87 ac
Current owner
From public records · entity-resolved
Albertsons LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Albertsons LLC
Aci Real Estate Spe 157 LLC
Special Warranty Deed
—
Jun 8, 2020
—
Aci Real Estate Spe 157 LLC
Abs Sw Investor LLC
Grant Deed
—
Feb 8, 2018
—
Abs Sw Investor LLC
—
Loan Modification
related
—
Jul 9, 2014
—
Abs Sw Investor LLC
—
Loan Modification
related
$1,050,000,000 · Bank Of America
Jul 26, 2013
—
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
$115,000,000 · Citibank NA
Jul 24, 2006
$8,700,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
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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