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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Grocery and convenience stores
3605 Glendale Ave, Phoenix, AZ 85051-8334
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-3449478
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2011
Construction
CONCRETE
Total area
5,006 SF
Lot
1.62 ac (70,454 SF)
Zoning code
PSC
APN
152-27-113B
UPID
US07-3449478
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
-
QuikTrip Gas Station
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$4.17M
Owner & transaction history
Sfg Ll 2011 1 LLC · 14 yrs held
Sfg Ll 2011 1 LLC
since 2011
7 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+173.6%
Restaurant
$2.7M
+109.8%
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
COMMERCIAL (GENERAL)
$3,485,000
Change: +174% · Conversion: Easy
RESTAURANT
$2,675,000
Change: +110% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±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
$833 / 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
$40,217
Tax year 2023
Assessed value
$389,968
Assessed 2024
Previous assessed
$336,753
+15.8% YoY
Effective rate
10.31%
On assessed value
Land market value
$661,900
Improvement market value
$1,701,540
Total market value
$2,363,440
Applied tax rate
681,300.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Rooms
6
Bathrooms
2
Total area
5,006 SF
Lot
1.62 ac (70,454 SF)
Zoning code
PSC
APN
152-27-113B
UPID
US07-3449478
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZ
Zoning PSC · permitted uses
PSC · 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
$3.5M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
RESTAURANT
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
2011
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
2
Lot
1.62 ac
Current owner
From public records · entity-resolved
Sfg Ll 2011 1 LLC
Entity
Mailing address
PO BOX 3475, TULSA, OK 74101-3475
Ownership since
2011
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
Sep 2, 2011
$3,400,677
Sfg Ll 2011 1 LLC
Quiktrip Corporation
Special Warranty Deed
$38,958,847 · Wells Fargo Bank NA
Jan 7, 2010
$900,000
Quiktrip Corp
Soldi Dev LLC
Warranty Deed
—
Sep 14, 2006
—
Soldi Dev LLC
Chrisdani Dev LLC
Grant Deed
—
May 25, 2006
$700,000
Chrisdani Dev LLC
Tres Marie LLC
Warranty Deed
—
Jun 30, 2005
$400,000
Tres Marie LLC
Rothpletz Trust
Grant Deed
—
Nov 23, 2004
—
Harris Bank NA
Rothpletz Trust
Warranty Deed
related
—
Sep 13, 2001
—
Rothletz Trust
Rothpletz,max W
Quit Claim Deed
related
—
—
—
Tres Marie LLC
—
Deed Of Trust
related
$400,000 · Robert A & Joyce A Jarvie
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.
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