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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Retail space
4337 Indian School Rd Phoenix, AZ 85031-2982
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0023063
Property summary
AI-generated overview
Plaza de Colores, located at 4337 W Indian School Rd, Phoenix, AZ 85031, presents a compelling retail investment opportunity. This single-story, 10,342 square foot building sits on a 0.68-acre lot and offers two available spaces ranging from 960 to 2,550 square feet. Originally constructed in 1984 and renovated in 2004, the property boasts excellent visibility due to its end-cap location and frontage on Indian School Road, a major thoroughfare with over 70,000 vehicles passing daily. Monument signage is available, enhancing brand exposure. The property benefits from its strategic location in a densely populated area and convenient access to the I-17 and I-10 freeways, ensuring high traffic and accessibility for customers. This is an ideal location for businesses seeking a strong presence in a thriving Phoenix commercial district. The property is classified as street retail with multiple tenancies.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
CONCRETE
Total area
5,828 SF
Lot
0.64 ac (27,661 SF)
Zoning code
C-C
APN
107-22-044A
UPID
US07-0023063
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
-
Jessica Williams Physician
-
Glacier Water Station Big Box & Wholesale Store
-
J&S BEAUTY SUPPLY LLC (Bike/Boat/Book/etc) Store Cosmetic Store
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Ride Transportation Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.77M
Owner & transaction history
Independence Realty-phoenix Ll · 15 yrs held
Independence Realty-phoenix Ll
since 2011
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Auto repair, garage
$2.5M
+41.8%
Office building
$1.8M
+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
$1,735,000
Current use
AUTO REPAIR, GARAGE
$2,465,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$1,750,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$1,545,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,515,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,485,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$304 / 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
$24,910
Tax year 2023
Assessed value
$187,044
Assessed 2024
Previous assessed
$151,640
+23.3% YoY
Effective rate
13.32%
On assessed value
Land market value
$351,400
Improvement market value
$782,200
Total market value
$1,133,600
Applied tax rate
831,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
5,828 SF
Lot
0.64 ac (27,661 SF)
Zoning code
C-C
APN
107-22-044A
UPID
US07-0023063
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Independence Realty-phoenix Ll
Entity
Free & Clear · 15 yrs held
Mailing address
1410 S CLINTON ST, CHICAGO, IL 60607-5102
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2011
—
Independence Realty-phoenix Ll
Miller,michael
Grant Deed
related
—
Jan 21, 2010
$193,061
Independence Realty-phoenix Ll
Jms Properties Corp
Grant Deed
—
Jun 26, 2008
—
Rlty-phoenix L Independence
Owner Name Unavailable
Grant Deed
related
—
Nov 20, 2007
$245,000
Michael Miller
Independence Realty-phoenix Ll
Grant Deed
—
Sep 6, 2007
$245,000
Richard M Brand
Independence Realty-phoenix Ll
Grant Deed
—
Mar 18, 2005
—
4337 & Associates LLC
Soos Timothy & Cheryl
Warranty Deed
related
—
Apr 20, 2004
$150,000
Soos,tr
4337 & Associates LLC
Grant Deed
—
Oct 23, 2003
$380,000
4337 & Associates LLC
4337 W Indian School LLC
Grant Deed
related
—
Apr 21, 1999
$300,000
4337 W Indian School LLC
American Tech Services Ltd
Trustees Deed
$340,000 · Union Bank Of California
Apr 21, 1999
—
American Tech Services Ltd
Smith,robert M & Lee C
Trustees Deed
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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