Property profile

4344 Indian School Rd Phoenix, AZ 85031

OFF-MARKET
Strip malls
Property ID
US07-0667418
15,000 SF 14.25 ac lot Built 1987
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This retail space comprises approximately 883 square feet. The property has received a series of exterior and site improvements, including exterior paint touch-ups and landscaping enhancements featuring refreshed planters populated with drought-resistant, low-water desert vegetation, along with the installation of new rock and boulders. The landscaping scope includes more than 200 new plants and more than 40 new trees. Site work includes refurbishment of the parking lot and LED lighting upgrades, including LED lighting in the breezeway and new LED fixtures in the parking lot area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 15,000 SF
Lot 14.25 ac (620,904 SF)
Zoning code A-1
APN 145-25-001Q
UPID US07-0667418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Bank Credit Union
  • Medical Clinic
  • Restaurant
  • Gym & Fitness Center

Location

4344 Indian School Rd Phoenix, AZ 85031-2984
Phoenix metro Census 109300 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$15.00M

Owner & transaction history

since 2022
Last sale
$16.4M
7 recorded transactions
2023
Price N/A
2022
$16.4M
2010
$8.2M
2004
$1.5M
1996
$4.2M
1996
$4.2M
1988
Price N/A

Zoning & alternative use

A-1 · Phoenix, AZ
Zoning description

The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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