Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,740,000
Strip malls
42105 41st Dr Anthem, AZ 85086-3820
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-3280248
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
22,365 SF
Lot
4.54 ac (197,770 SF)
Zoning code
C-2
APN
203-03-013
UPID
US07-3280248
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
$10.29M
Blend (final)
Blend
$9.74M
Owner & transaction history
42101 & 42105 N 41st Dr LLC · 9 yrs held
42101 & 42105 N 41st Dr LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Anthem, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.6M
+173.6%
Restaurant
$11.9M
+109.8%
Auto repair, garage
$9.5M
+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)
$15,575,000
Change: +174% · Conversion: Easy
RESTAURANT
$11,945,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,450,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$6,665,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$5,935,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.74M
Range $8.77M – $10.71M · ±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
$436 / 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
$25,531
Tax year 2023
Assessed value
$1,450,927
Assessed 2024
Previous assessed
$1,272,807
+14.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$1,742,300
Improvement market value
$7,051,199
Total market value
$8,793,499
Applied tax rate
971,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
22,365 SF
Lot
4.54 ac (197,770 SF)
Zoning code
C-2
APN
203-03-013
UPID
US07-3280248
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
$15.6M
RESTAURANT
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.9M
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
4.54 ac
Current owner
From public records · entity-resolved
42101 & 42105 N 41st Dr LLC
Entity
Free & Clear · 9 yrs held
Mailing address
42105 N 41ST DR STE #120, ANTHEM, AZ 85086-3820
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
42101 And 42105 N 41st Dr LLC
—
Deed
related
$300,000 · Christian Financial Resources INC
Nov 24, 2020
—
42101 And 42105 N 41st Dr LLC
—
Deed
related
$3,498,000 · Christian Financial Resources INC
Feb 8, 2017
$3,725,000
42101 & 42105 N 41st Dr LLC
K2h Desert North LLC
Grant Deed
—
Feb 8, 2017
—
42101 & 42105 N 41st Dr LLC
Roadster Legacy
Warranty Deed
$3,800,000 · Solomon Foundation
Mar 22, 2012
—
K2h Desert North LLC
—
Deed Of Trust
related
$4,000,000 · Alliance Bank Of Arizona
Aug 2, 2011
$2,142,000
K2h Desert North LLC
Williams,craig K
Trustees Deed
related
—
Jul 27, 2005
$7,200,000
Gust Rosenfeld Holding Co V LLC
Desert North Commerce Center II LLC
Special Warranty Deed
$3,700,000 · Not Available
May 30, 2003
—
Desert North Commerce Center
Voit Development Co LLC
Grant Deed
$4,235,000 · Compass Bank
Jun 27, 2002
$984,420
Voit Acquisition Co LLC
Anthem Arizona LLC
Grant Deed
—
—
—
Karen J Wolff
—
Deed Of Trust
related
$265,500 · Wells Fargo Home Mortgage INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 42105 41st Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
