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Property profile & analytics
FOR LEASE
Grocery and convenience stores
4747 E Elliot Rd Phoenix, AZ 85044
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1359360
For Lease
1 / 2
$12,020,000
4747 E Elliot Rd, Phoenix, AZ 85044
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Construction
CONCRETE
Total area
40,375 SF
Lot
3.51 ac (152,946 SF)
Zoning code
PSC
APN
301-55-013V
UPID
US07-1359360
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
-
Sakura Sushi Restaurant
-
Subway Take-out & Catering
-
Brian J. Wambold, PharmD Pharmacy
-
B. David Cathell Photography, Inc. Photography Service (Bike/Boat/Book/etc) Store
-
Great Clips Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.11M
Blend (final)
Blend
$12.02M
Owner & transaction history
Safeway Realty LLC · 1 yrs held
Safeway Realty LLC
since 2025
7 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so that the purpose of the district may be accomplished
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
915.97 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$17.1M
+41.8%
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
$12,030,000
Current use
AUTO REPAIR, GARAGE
$17,060,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$10,715,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,480,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,275,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$12.02M
Range $10.82M – $13.22M · ±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
$298 / 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
$74,194
Tax year 2023
Assessed value
$1,271,391
Assessed 2024
Previous assessed
$1,123,921
+13.1% YoY
Effective rate
5.84%
On assessed value
Land market value
$4,660,700
Improvement market value
$3,044,700
Total market value
$7,705,400
Applied tax rate
281,300.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
40,375 SF
Lot
3.51 ac (152,946 SF)
Zoning code
PSC
APN
301-55-013V
UPID
US07-1359360
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZZoning PSC · permitted uses
PSC · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so that the purpose of the district may be accomplished
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
915.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$17.1M
MEDICAL BUILDING
Est. value
$10.7M
WAREHOUSE, STORAGE
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.51 ac
Current owner
From public records · entity-resolved
Safeway Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1371 OAKLAND BLVD STE #200, WALNUT CREEK, CA 94596-8408
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Safeway Realty LLC
Aci Real Estate Spe 158 LLC
Special Warranty Deed
—
Oct 27, 2022
—
Safeway INC
Aci Real Estate Spe 162 LLC
Special Warranty Deed
—
Jun 8, 2020
—
Act Real Estate Spe 158 LLC
Safeway INC
Grant Deed
—
Sep 4, 2019
$9,000,000
Wf Ahwatukee Mercado LLC
Tpp 202 Ahwatukee LLC
Grant Deed
—
Jan 30, 2018
—
Safeway INC
—
Loan Modification
related
—
—
—
Safeway INC
—
Deed Of Trust
related
—
—
—
Safeway INC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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