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Property profile & analytics
OFF-MARKET
Estimated value
$5,350,000
Strip malls
3668 Anthem Way Anthem, AZ 85086-0459
Individually Owned
Free & Clear
Property ID
US07-3106510
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
12,288 SF
Lot
5.33 ac (232,151 SF)
Zoning code
C-2
APN
203-03-298A
UPID
US07-3106510
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$5.35M
Owner & transaction history
Ch Fsr I Phoenix Anthem Eastside Sh
Ch Fsr I Phoenix Anthem Eastside Sh
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · Anthem, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.6M
+173.6%
Restaurant
$6.6M
+109.8%
Auto repair, garage
$5.2M
+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 Anthem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anthem 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)
$8,560,000
Change: +174% · Conversion: Easy
RESTAURANT
$6,560,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,190,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$3,660,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,260,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$5.35M
Range $4.82M – $5.89M · ±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
$435 / 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
$99,489
Tax year 2023
Assessed value
$1,033,930
Assessed 2024
Previous assessed
$888,913
+16.3% YoY
Effective rate
9.62%
On assessed value
Land market value
$1,454,900
Improvement market value
$4,811,343
Total market value
$6,266,243
Applied tax rate
970,007.0000
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
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
12,288 SF
Lot
5.33 ac (232,151 SF)
Zoning code
C-2
APN
203-03-298A
UPID
US07-3106510
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Anthem, AZZoning C-2 · permitted uses
C-2 · Anthem, AZ
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
COMMERCIAL (GENERAL)
Est. value
$8.6M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
5.33 ac
Current owner
From public records · entity-resolved
Ch Fsr I Phoenix Anthem Eastside Sh
Individual
Free & Clear · 0 yrs held
Mailing address
3011 AMERICAN WAY, MISSOULA, MT 59808-1921
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$7,575,000
Ch Fsr I Phoenix Anthem Eastside Sh
Sma Anthem LLC
Special Warranty Deed
—
Oct 30, 2025
—
Sma Anthem LLC
—
Deed
related
$2,276,000 · First Interstate Bank
Oct 12, 2018
$7,624,777
Sma Anthem LLC
Anthem Iag LLC
Special Warranty Deed
$4,745,000 · Jpmorgan Chase Bank NA
Jan 9, 2015
$5,000,000
Anthem Iag LLC
Anthem Az LLC
Grant Deed
$3,750,000 · Cantor Com'l R/e Lndg
Sep 18, 2012
$2,900,000
Anthem Az LLC
Michael Crook
Special Warranty Deed
$2,800,000 · Firstbank
Oct 9, 2008
$90,000
Peterson Family Trust
Croan Argyle O & W J Trust
Grant Deed
—
Oct 9, 2008
—
Anthem Eastside Investors LLC
Peterson Family Trust
Grant Deed
—
Aug 10, 2005
—
Anthem Eastside Investors LLC
Mason,paul T & Monica M
Quit Claim Deed
—
Jul 15, 2005
$292,000
Eugene B Lucas
Anthem Eastside Investors LLC
Grant Deed
—
Jul 15, 2005
$137,000
Bakers Dozen Real Estate Ltd
Anthem Eastside Investors LLC
Grant Deed
—
Jun 24, 2005
$223,000
Jack Russ
Anthem Eastside Investors LLC
Grant Deed
—
Jun 24, 2005
$10,000
Shalmony Irith E 1998 Trust
Anthem Eastside Investors LLC
Grant Deed
—
Jun 24, 2005
$115,000
Dennis Cook
Anthem Eastside Investors LLC
Grant Deed
—
May 9, 2005
$120,000
Dennis Cook
Anthem Eastside Investors LLC
Grant 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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