3131 E Thunderbird Rd Phoenix, AZ 85032
Property Lookup
Property profile & analytics
3131 E Thunderbird Rd Phoenix, AZ 85032
- Strip malls
- 27,255 SF
- 10.89 lot acres
Property ID
US07-2364268
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- VASA Fitness / Gym & Fitness Center
- Fatso's Pizza / Restaurant
- Anzhela's Hair Cuts / Hair Salon / Nail Salon
- 32nd Street Salon / Hair Salon
Property Details for 3131 E Thunderbird Rd
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 10.89 lot acres
- Property size
- 27,255 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 166-04-002G
- APU
- 16604002G
Description
This exceptional Phoenix, Arizona shopping center, Mountainview Marketplace, presents a compelling investment opportunity. Boasting 122,697 square feet on a 9.97-acre lot, this multi-tenant retail property is strategically located at 3131 E Thunderbird Rd, 85032, offering excellent freeway access and strong demographics. Currently 91.89% occupied, the center generates a substantial net operating income (NOI) of $1,658,564, representing a 7.50% capitalization rate at an asking price of $22,115,000 ($180.24/sq ft). Built in 1988 and extensively renovated in 2020, the property features a robust tenant mix, including a Vasa Fitness and Dollar Tree, along with several other established businesses. Recent leasing momentum has added over 34,000 square feet of new tenants. Significant capital improvements include a new roof (approximately 90% of gross leasable area), exterior painting, landscaping enhancements, upgraded LED lighting, and parking lot improvements. The center benefits from a synergistic tenant mix, long-term occupancy history, and a pattern of tenant renewals, including multiple recent long-term extensions. With 154 parking spaces, this well-maintained, daily-needs-oriented shopping center offers a stable and attractive investment prospect in a prime Phoenix location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,542,000
- AI Estimate
- $11,191,000
Market price range: $3.19M - $12.5MMarket price range: $2.94M - $11.2M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $18,980,000
- RESTAURANT
- $14,555,000
- AUTO REPAIR, GARAGE
- $11,515,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.014
- Latitude
- 33.6103
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$218,105
$0.00
$0.00
$2,797,438
-
$4,932,000
$12,022,172
$16,954,172
