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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Strip malls
4449 24th St Phoenix, AZ 85016-5518
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0001749
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Construction
CONCRETE
Total area
3,913 SF
Lot
0.21 ac (9,039 SF)
Zoning code
C-1
APN
163-07-093C
UPID
US07-0001749
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
-
Body Beautiful Day and Med Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.02M
Owner & transaction history
Design On 24 LLC · 6 yrs held
Design On 24 LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+66.0%
Retail stores
$1.1M
+8.8%
Medical building
$1.0M
+4.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$995,000
Current use
AUTO REPAIR, GARAGE
$1,655,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$1,040,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$1,015,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,015,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$259 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,348
Tax year 2022
Assessed value
$127,888
Assessed 2024
Previous assessed
$98,583
+29.7% YoY
Effective rate
5.75%
On assessed value
Land market value
$547,000
Improvement market value
$228,078
Total market value
$775,078
Applied tax rate
381,300.0000
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
1961
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,913 SF
Lot
0.21 ac (9,039 SF)
Zoning code
C-1
APN
163-07-093C
UPID
US07-0001749
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZZoning C-1 · permitted uses
C-1 · Phoenix, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1961
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Design On 24 LLC
Entity
Mailing address
4449 N 24TH ST, PHOENIX, AZ 85016-5518
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
—
Design On 24 LLC
Sunset Living T Estates
Warranty Deed
$585,000 · Ks Statebank
Dec 8, 2014
—
Sunset Estates Living Trust
Krueger,marlena
Quit Claim Deed
related
—
Jun 29, 2006
$920,000
Marlena Krueger
L & J Dixon Holdings LLC
Warranty Deed
$690,000 · Pinnacle Bank
Jan 26, 2006
—
L & J Dixon Holdings LLC I
Dixon,terry L & Jacqueline H
Quit Claim Deed
related
—
Jun 29, 2005
$592,000
Lane Dixon Terr
Giau V Nguyen
Special Warranty Deed
$455,000 · First Fidelity Bank NA
Feb 12, 2002
$499,500
Giau V Nguyen
On 24th LLC
Grant Deed
related
$375,000 · Arrowhead Community Bank
May 20, 1998
$337,000
On 24th LLC
Group Executive Insurance Mark
Grant Deed
related
$210,000 · Wells Fargo Bank
Sep 30, 1993
$135,000
Group Executive Insurance Market
24th & Campbell
Grant Deed
related
$120,750 · Bank Of America
Mar 25, 1992
—
24th
Guaranteed Finan
Grant Deed
related
—
Dec 6, 1991
—
Guaranteed Finan
Tower Building C
Grant Deed
related
—
May 23, 1988
$250,000
Lemarr Ltd
—
Deed Of Trust
related
—
Mar 1, 1988
$250,000
Lemarr Limited
Todd,
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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