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Property profile & analytics
OFF-MARKET
Estimated value
$18,270,000
Outlet malls
3636 Southern Ave, Phoenix, AZ 85041-4221
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0008223
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Total area
81,120 SF
Lot
6.03 ac (262,697 SF)
APN
105-75-457
UPID
US07-0008223
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
-
Kids Empire Phoenix Laveen Family Recreation Center
-
South Mountain Movement & Wellness Gym & Fitness Center
-
35th Ave & Southern Goodwill Retail Store and Donation Center Discount Store
-
Sky Zone Trampoline Park Arcade & Gaming Center Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.41M
Blend (final)
Blend
$18.27M
Owner & transaction history
Lamar South Mountain LLC · 2 yrs held
Lamar South Mountain LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.3M
+0.7%
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
RETAIL STORES
$24,170,000
Current use
OFFICE BUILDING
$24,345,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$21,530,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,055,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,645,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$18.27M
Range $16.44M – $20.10M · ±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
$225 / 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
$169,704
Tax year 2023
Assessed value
$1,932,515
Assessed 2024
Previous assessed
$1,563,847
+23.6% YoY
Effective rate
8.78%
On assessed value
Land market value
$2,097,100
Improvement market value
$9,615,111
Total market value
$11,712,211
Applied tax rate
591,300.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Stories
1
Total area
81,120 SF
Lot
6.03 ac (262,697 SF)
APN
105-75-457
UPID
US07-0008223
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$24.2M
OFFICE BUILDING
Est. value
$24.3M
MEDICAL BUILDING
Est. value
$21.5M
WAREHOUSE, STORAGE
Est. value
$21.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Stories
1
Lot
6.03 ac
Current owner
From public records · entity-resolved
Lamar South Mountain LLC
Entity
Free & Clear · 2 yrs held
Mailing address
695 US HWY 46TH STE #210, FAIRFIELD, NJ 07004-1561
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
—
Vb S1 Assets LLC
—
Deed
related
$595,413 · Deutsche Bank Trust Co Americas
Oct 31, 2023
—
Lamar South Mountain LLC
South Mountain Retail LLC
Special Warranty Deed
—
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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