Property profile

3505 Thomas Rd Phoenix, AZ 85019

OFF-MARKET
Grocery and convenience stores
Property ID
US07-0932649
2,400 SF 0.46 ac lot Built 1974
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 66,900 square foot commercial property, located at 3505 W. Thomas Rd in Phoenix, Arizona (zip code 85019), presents a unique investment opportunity. Situated on a hard corner, this infill land boasts high visibility and significant traffic counts: 33,051 vehicles per day on Thomas Road and 32,137 vehicles per day on 35th Avenue. The property is zoned C-2, A-1 Land, and P-1, allowing for a variety of development options. This versatile space is ideal for ground lease or build-to-suit projects. The parcel numbers are 108-11-005C, 108-11-012, 108-11-051 & 052, and 108-11-064A. The property is classified as retail and land, with a storefront subtype, and is offered under a NNN lease type. This prime location in Maricopa County offers unparalleled access to a thriving market. Contact us today to discuss pricing and explore the possibilities of this remarkable commercial land opportunity. The property is divisible, offering flexibility for various development plans.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1974
Construction CONCRETE
Total area 2,400 SF
Lot 0.46 ac (20,168 SF)
Zoning code C-2
APN 108-11-005C
UPID US07-0932649

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
  • (Bike/Boat/Book/etc) Store
  • Kennel & Boarding Facility

Location

3505 Thomas Rd Phoenix, AZ 85019-4422
Phoenix metro Census 112201 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
$1.23M
Blend (final) Blend
$685k

Owner & transaction history

since 2016
6 recorded transactions
2016
$600,000
2016
$600,000
2001
Price N/A
1997
Price N/A
1993
$260,000
1990
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

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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