For Sale
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Property summary
This value add strip mall property is positioned in a high traffic retail corridor with frontage on Thomas Road carrying approximately 40,834 vehicles per day and sits directly across from 320 new multifamily units coming online. The center is 86% occupied with 2 vacant suites and features below market rents averaging approximately $8.00 per square foot in a market achieving closer to $18.00 per square foot, creating meaningful near term upside through lease up and re pricing. Just down the road is a dominant neighborhood retail center anchored by a Walmart in the 13th percentile and a Home Depot in the 5th percentile for visitation according to Placer.ai. Combined with limited nearby retail supply, this high traffic setting supports durable tenant demand and immediate upside. 1.30%
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Phoenix market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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