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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Grocery and convenience stores
3345 16th St Phoenix, AZ 85016-7105
Trust Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1203675
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1976
Construction
CONCRETE
Total area
2,400 SF
Lot
0.4 ac (17,543 SF)
Zoning code
C-2
APN
119-32-106
UPID
US07-1203675
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
-
Smokin' Amigos Food Truck Restaurant
-
Orale MI Tacos Restaurant
-
CoinFlip Bitcoin ATM Money Transfer Service Atm
-
The Pit Stop Gas Station
-
Cryptobase Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$990k
Owner & transaction history
Krauss Trust · 24 yrs held
Krauss Trust
since 2002
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+66.0%
Retail stores
$665,000
+8.8%
Medical building
$635,000
+4.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Current use
AUTO REPAIR, GARAGE
$1,015,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$625,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$413 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,914
Tax year 2022
Assessed value
$90,833
Assessed 2024
Previous assessed
$90,287
+0.6% YoY
Effective rate
10.91%
On assessed value
Land market value
$382,800
Improvement market value
$167,701
Total market value
$550,501
Applied tax rate
141,300.0000
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
1976
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,400 SF
Lot
0.4 ac (17,543 SF)
Zoning code
C-2
APN
119-32-106
UPID
US07-1203675
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$665,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1976
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Krauss Trust
Trust
Mailing address
13607 W READE AVE, LITCHFIELD PARK, AZ 85340-4015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
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 9, 2002
—
Krauss Trust
Krauss,john M & Dixie H
Quit Claim Deed
related
—
Nov 22, 1995
$208,700
Satguru Enterprises Ltd
Southland Corp
Grant Deed
$146,090 · Seller
Jul 15, 1993
—
Marion Trust Waldo F & Karen J
Marion
Quit Claim Deed
related
—
—
—
Satguru Enterprises Ltd
—
Deed Of Trust
related
$17,543 · Union Distribution Co Tucson
—
—
Satguru Ents Ltd
—
Deed Of Trust
related
$100,000 · Western National Bank
—
—
Satguru Ents Ltd
—
Deed Of Trust
related
$1,443,000 · Western National Bank
—
—
Satguru Ents Ltd
—
Deed Of Trust
related
$150,000 · Western National Bank
—
—
Satguru Entrprises Ltd
—
Deed Of Trust
related
$21,225 · Sunrise Bank Arizona
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.
Try Rey
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