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Property profile & analytics
FOR LEASE
Strip malls
3431 W Thunderbird Rd, Phoenix, AZ 85053
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1355112
For Lease
1 / 2
$11,500,000
3431 W Thunderbird Rd, Phoenix, AZ 85053
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
23,042 SF
Lot
7.13 ac (310,626 SF)
Zoning code
C-2
APN
149-24-001Y
UPID
US07-1355112
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
-
TruWest Credit Union - Thunderbird Credit Union
-
Amy Nail & Spa Nail Salon
-
Hollywood Beauty Eyebrow Threading Hair Salon Nail Salon
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Angelo Pisano, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.47M
Blend (final)
Blend
$11.50M
Owner & transaction history
North Mountain Village Spe LLC · 2 yrs held
North Mountain Village Spe LLC
since 2023
Last sale
$15.3M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.0M
+173.6%
Restaurant
$12.3M
+109.8%
Auto repair, garage
$9.7M
+66.0%
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
$15,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,045,000
Change: +174% · Conversion: Easy
RESTAURANT
$12,305,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,735,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$6,915,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$11.50M
Range $10.35M – $12.65M · ±10% · vs last sale $15.30M (Oct 13 2023)
Last sale anchor
$15.30M
Oct 13 2023
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
$499 / 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
$121,365
Tax year 2022
Assessed value
$1,140,480
Assessed 2024
Previous assessed
$1,013,166
+12.6% YoY
Effective rate
10.64%
On assessed value
Land market value
$2,141,800
Improvement market value
$4,770,200
Total market value
$6,912,000
Applied tax rate
61,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
23,042 SF
Lot
7.13 ac (310,626 SF)
Zoning code
C-2
APN
149-24-001Y
UPID
US07-1355112
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
COMMERCIAL (GENERAL)
Est. value
$16.0M
RESTAURANT
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$9.7M
OFFICE BUILDING
Est. value
$6.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
7.13 ac
Current owner
From public records · entity-resolved
North Mountain Village Spe LLC
Entity
Mailing address
18881 VON KARMAN AVE STE #800, IRVINE, CA 92612-1571
Ownership since
2023
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
Oct 13, 2023
$15,300,000
North Mountain Village Spe LLC
North Mountain Village Retail LLC
Special Warranty Deed
$9,200,000 · Genworth Life Insurance Company
Aug 13, 2021
—
North Mountain Village Retail LLC
—
Deed
related
$9,300,000 · Oceanview Life And Annuity Company
May 3, 2016
—
North Mtn Village Retail LLC
—
Deed
related
$8,475,000 · Midcap Financial Trust Midcap Financial Trust
Sep 30, 2015
$10,577,000
North Mtn Village Retail Ll
Ct Retail Props Finance IV
Grant Deed
—
Feb 11, 2009
—
Ct Retail Props Fin IV LLC
Owner Name Unavailable
Grant Deed
—
Jul 6, 2001
—
Ct Retail Properties Finance
Ct Operating Ptshp LP
Grant Deed
related
$7,150,000 · Principal Commercial Funding
Aug 20, 1998
$8,375,000
Alexander
N Mountain Shopping Center LP
Grant Deed
—
—
—
North Mtn Village Retail LLC
—
Deed Of Trust
related
$8,475,000 · Midcap Financial Trust Midcap Financial Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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