Property profile

3502 Thomas Rd Phoenix, AZ 85019

OFF-MARKET
Grocery and convenience stores
Property ID
US07-1816599
2,425 SF 0.57 ac lot Built 1987
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1987
Construction STEEL FRAME
Total area 2,425 SF
Lot 0.57 ac (24,636 SF)
Zoning code PSC
APN 107-19-001D
UPID US07-1816599

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Grocery & Convenience Store
  • Car Rental Facility
  • Atm Check Cashing Service
  • Gas Station

Location

3502 Thomas Rd Phoenix, AZ 85019-4423
Phoenix metro Census 110100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$670k

Owner & transaction history

since 2008
4 recorded transactions
2008
Price N/A
2007
Price N/A
2005
$575,000
1969
Price N/A

Zoning & alternative use

PSC · Phoenix, AZ
Zoning description

The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so th…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.7M +173.6%
Office building $1.4M +124.9%
Auto repair, garage $1.0M +66.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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