New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,030,000
Grocery and convenience stores
340 Mcdowell Rd Phoenix, AZ 85004-1533
Individually Owned
1-yr Hold
Free & Clear
Property ID
US07-1034895
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Construction
CONCRETE
Total area
46,016 SF
Lot
3.96 ac (172,691 SF)
Zoning code
DTC-MCD-2
APN
118-54-110A
UPID
US07-1034895
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
-
Safeway Grocery & Convenience Store Food Market
-
Cardtronics ATM Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.14M
Blend (final)
Blend
$14.03M
Owner & transaction history
Mountain America Federal Credit Uni · 1 yrs held
Mountain America Federal Credit Uni
since 2024
7 recorded transactions
Zoning & alternative use
DTC-MCD-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.4M
+41.8%
Office building
$13.9M
+1.4%
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
$13,710,000
Current use
AUTO REPAIR, GARAGE
$19,445,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$13,910,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$12,215,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,945,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,710,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$14.03M
Range $12.63M – $15.43M · ±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
$305 / 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
$135,078
Tax year 2023
Assessed value
$1,484,076
Assessed 2024
Previous assessed
$1,119,535
+32.6% YoY
Effective rate
9.10%
On assessed value
Land market value
$5,996,200
Improvement market value
$2,998,200
Total market value
$8,994,400
Applied tax rate
11,303.0000
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
46,016 SF
Lot
3.96 ac (172,691 SF)
Zoning code
DTC-MCD-2
APN
118-54-110A
UPID
US07-1034895
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-MCD-2 · Phoenix, AZ
Zoning DTC-MCD-2 · permitted uses
DTC-MCD-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
$13.7M
AUTO REPAIR, GARAGE
Est. value
$19.4M
OFFICE BUILDING
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$12.2M
WAREHOUSE, STORAGE
Est. value
$11.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.96 ac
Current owner
From public records · entity-resolved
Mountain America Federal Credit Uni
Individual
Free & Clear · 1 yrs held
Mailing address
251 W WASHINGTON ST FL #8, PHOENIX, AZ 85003-2295
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
$3,900,000
Mountain America Federal Credit Uni
Third & Mcdowell Investments LLC
Special Warranty Deed
—
Dec 5, 2023
—
City Of Phoenix
Wilshire Selby Mcdowell LLC
Special Warranty Deed
—
Feb 27, 2019
—
Wilshire Selby Mcdowell LLC
—
Grant Deed
related
$10,037,500 · Miscellaneous Ins Co
Sep 1, 2016
—
Wilshire Selby Mcdowell LLC
Whittier Calmada Mcdowell LLC
Grant Deed
related
$4,094,392 · Private Individual
Sep 30, 2009
—
City Of Phoenix
Wilshire Selby Mcdowell LLC
Grant Deed
related
—
Apr 1, 1999
$7,125,000
Whittier Calmada Mcdowell LLC
Voit Partners Ltd I Trust
Grant Deed
—
Feb 9, 1999
—
Telephone Co
Us West Communications INC
Quit Claim Deed
related
—
Mar 13, 1997
—
Voit Partners Ltd 1 Trust #6
Voit Partners Ltd 1
Quit Claim Deed
related
$5,600,000 · Northland Financial Co
Dec 31, 1996
$7,525,000
Voit Partners Ltd 1
Dp4 L L C
Grant Deed
$5,591,567 · Seller
—
—
Wilshire Selby Mcdowell LLC
—
Loan Modification
related
$4,094,392 · Private Individual
—
—
Whittier Calmada Mcdowell LLC
—
Deed Of Trust
related
$4,600,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 340 Mcdowell Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
