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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Retail space
316 Mcdowell Rd, Phoenix, AZ 85003-1377
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0389541
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
CONCRETE
Total area
12,408 SF
Lot
0.36 ac (15,794 SF)
Zoning code
C-DT
APN
118-57-146A
UPID
US07-0389541
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
-
Desert Passion Studio & Gallery Training Center
-
Andy The Styler Marketing & Advertising Advertising Agency
-
Atrium Gallery and Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
Get Smart Process Services Law Firm
-
garfield galleria Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.44M
Owner & transaction history
Third & Mcdowell Investments LLC · 2 yrs held
Third & Mcdowell Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-DT · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$116 / 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
$10,285
Tax year 2023
Assessed value
$128,774
Assessed 2024
Previous assessed
$101,235
+27.2% YoY
Effective rate
7.99%
On assessed value
Land market value
$419,000
Improvement market value
$361,447
Total market value
$780,447
Applied tax rate
11,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
12,408 SF
Lot
0.36 ac (15,794 SF)
Zoning code
C-DT
APN
118-57-146A
UPID
US07-0389541
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Phoenix, AZ
Zoning C-DT · permitted uses
C-DT · 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.
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Third & Mcdowell Investments LLC
Entity
Mailing address
685 S EMERALD TRL, PRESCOTT, AZ 86303-5818
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$2,900,000
Third & Mcdowell Investments LLC
Sunwest Federal Credit Union
Special Warranty Deed
$2,800,000 · Salamone Trust
Oct 16, 2019
—
Curly Goat Ranch LLC
—
Deed
related
$300,000 · Brown Equity Fund III LLC
Jun 12, 2002
$360,000
Garfield Galleria LLC
Mcdowell West LLC
Grant Deed
$155,727 · Mcdowell West LLC
Aug 7, 2000
—
Mcdowell West LLC
Kedzie I LLC
Quit Claim Deed
related
—
Apr 13, 2000
$270,000
Kedzie 1 LLC
Kovin,alan
Grant Deed
$28,250 · Seller
Jun 25, 1998
—
Alan Kovin
316 West Mcdowell Building
Quit Claim Deed
related
—
—
—
Curly Goat Ranch LLC
—
Deed Of Trust
related
$300,000 · Brown Equity Fund III LLC
—
—
Garfield Galleria LLC
—
Deed Of Trust
related
$30,000 · Phoenix City (az)
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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