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Property profile & analytics
OFF-MARKET
Drug stores
3945 Southern Ave Phoenix, AZ 85040-3961
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-1254726
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Construction
CONCRETE
Total area
13,825 SF
Lot
2.5 ac (108,779 SF)
Zoning code
C-2
APN
122-79-019A
UPID
US07-1254726
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas J Budzinski · 4 yrs held
Thomas J Budzinski
since 2022
Last sale
$100,000
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$78,051
Tax year 2023
Assessed value
$670,058
Assessed 2024
Previous assessed
$591,770
+13.2% YoY
Effective rate
11.65%
On assessed value
Land market value
$1,794,500
Improvement market value
$2,266,455
Total market value
$4,060,955
Applied tax rate
661,300.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,825 SF
Lot
2.5 ac (108,779 SF)
Zoning code
C-2
APN
122-79-019A
UPID
US07-1254726
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Thomas J Budzinski
Individual
Free & Clear · 4 yrs held
Mailing address
200 WILMOT RD, DEERFIELD, IL 60015-4620
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$100,000
Thomas J Budzinski
Mack Stoeltje
Special Warranty Deed
—
Mar 28, 2022
$200,000
William Leland Ziegler
Joshua D Riaille
Special Warranty Deed
—
Mar 7, 2022
$250,000
Donald P Olshove
Joshua D Riaille
Special Warranty Deed
—
Nov 22, 2021
$145,000
Charles Leal
Nathan Leavitt
Special Warranty Deed
—
Oct 14, 2021
$150,067
Francis O Johnson
Deborah Hedegaard
Special Warranty Deed
—
Jan 6, 2021
$55,080
Scott Gusmer
Tic Properties L Realtynet
Grant Deed
—
Jan 5, 2021
$168,374
Second Avenue Properties Ll
Tic Properties L Reattynet
Grant Deed
—
Jan 5, 2021
$149,790
Jd Mountain Holdings Lc
Reattet Tic Propertos LLC
Grant Deed
—
Jan 5, 2021
—
M Moremo Robins Lc
Realtynet Az2 LLC
Grant Deed
—
Jan 5, 2021
$68,110
Scott Gusmer
Realtynet Az2 LLC
Grant Deed
—
Oct 30, 2020
$109,444
Cole Family Phoenix Walgree
Tic Properties L Realtynet
Grant Deed
—
Jun 26, 2020
—
Nielson 1994 Family Trust
Realtynet Tic Properties LLC
Grant Deed
—
May 14, 2020
$216,900
Cortland Ents LLC
Tic Properties L Realtynet
Grant Deed
—
Apr 24, 2020
$500,000
Harry L Zeplin
Tic Properties L Realtynet
Grant Deed
—
Nov 21, 2019
$100,000
Davitian,lauren-glenn Pt Trust
Realtynet Az2 LLC
Grant Deed
—
Oct 14, 2019
$130,520
Loyd Hodge & Sons INC
Realtynet Az2 LLC
Grant Deed
—
Aug 16, 2019
$400,000
Riaille,joshua D Living Trust
Realtynet Az2 LLC
Grant Deed
—
Aug 16, 2019
$230,980
Alvey Family Trust
Realtynet Az2 LLC
Grant Deed
—
Aug 16, 2019
$171,429
Bcw Ents LLC
Realtynet Az2 LLC
Grant Deed
—
Aug 16, 2019
$150,067
Hedegaard Trust
Realtynet Az2 LLC
Grant Deed
—
Aug 16, 2019
$337,480
Chamberlain Family Trust
Realtynet Az2 LLC
Grant Deed
—
Aug 16, 2019
$500,000
Steven M Stoeltje
Realtynet Az2 LLC
Grant Deed
—
Aug 15, 2019
$3,796,000
Realtynet Tic Properties
Gallagher Properties INC
Grant Deed
—
Oct 1, 2018
—
Hintze Family Farm LLC
Hintze,jerald A & Beth O
Quit Claim Deed
related
—
Mar 4, 2016
$4,500,000
Gallagher Properties INC
Morris Optimus Investments LLC
Special Warranty Deed
$2,550,000 · Fsg Bank
Dec 17, 2015
$3,480,000
Morris Optimus Invs LLC
Ag Wg Phx I LLC
Grant Deed
$2,870,000 · Northern Tr
Jul 3, 2013
$2,966,500
Ag Wg Phx I LLC
Wickens,marvin P Trust
Grant Deed
—
Apr 13, 2010
—
Wickens Marvin P Trust
Wickens,marvin P
Quit Claim Deed
related
—
Sep 17, 2008
—
Marvin P Wickens
Wickens Marvin P
Quit Claim Deed
related
—
Dec 16, 2004
—
Mini Fox
Fox,henry
Affidavit Of Death
related
—
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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