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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Retail space
4760 Thunderbird Rd Phoenix, AZ 85032-5589
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0019307
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
CONCRETE
Total area
8,600 SF
Lot
0.97 ac (42,297 SF)
Zoning code
C-N
APN
215-69-004H
UPID
US07-0019307
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
-
Banner Occupational Health Clinic Occupational Health Service Occupational Safety And Health
-
Optivision Ophthalmologist (Bike/Boat/Book/etc) Store
-
Michael Ray, OD Physician
-
Banner Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$3.18M
Owner & transaction history
Rmaf Vii LLC · 1 yrs held
Rmaf Vii LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-N · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Restaurant
$4.6M
+90.2%
Auto repair, garage
$3.6M
+50.5%
Office building
$2.6M
+7.7%
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
$2,415,000
Current use
RESTAURANT
$4,595,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,635,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$2,600,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$2,285,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,230,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,190,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±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
$370 / 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
$31,931
Tax year 2023
Assessed value
$354,282
Assessed 2024
Previous assessed
$333,302
+6.3% YoY
Effective rate
9.01%
On assessed value
Land market value
$1,491,600
Improvement market value
$655,565
Total market value
$2,147,165
Applied tax rate
691,300.0000
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,600 SF
Lot
0.97 ac (42,297 SF)
Zoning code
C-N
APN
215-69-004H
UPID
US07-0019307
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Phoenix, AZZoning C-N · permitted uses
C-N · 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
$2.4M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES Current
RESTAURANT
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Rmaf Vii LLC
Entity
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
—
Rmaf Vii LLC
Rmafii Loc LLC
Special Warranty Deed
$14,000,000 · Symetra Life Insurance Co
Sep 20, 2022
—
Rmafii Loc LLC
—
Deed
related
$15,000,000 · Farmers & Merchants Bank Of Long Beach
Jun 23, 2016
—
Rmafii Loc LLC
Red Mountain Asset Fund II LLC
Quit Claim Deed
$30,000,000 · Farmers & Merchants Bk/lng Bch
Oct 20, 2014
$2,410,000
Red Mtn Asset Fund II LLC
Dorazio Investments INC
Grant Deed
—
Oct 10, 2014
$2,400,000
Dorazio Investments INC
Ma Brks Props Phoenix LLC
Grant Deed
—
Oct 8, 2009
—
Margaret A Brooks
Townsend Laura B Trust
Grant Deed
related
—
Dec 5, 2003
$2,900,000
Townsend,tr
Depierro,tr
Grant Deed
$1,930,000 · Affinity Bank
Nov 3, 2000
$1,400,000
Depierro Trust
Kalman Krause Family LP
Grant Deed
$975,000 · Pacific Western National Bank
Dec 22, 1999
—
Kalman Krause Family LP
Krause Trust
Quit Claim Deed
related
—
—
—
Depierro Trust
—
Deed Of Trust
related
$165,000 · Pacific Western National Bank
—
—
Ma Brooks Props Phoenix LLC
—
Loan Modification
related
$1,930,000 · Bank Of The Orient
—
—
Depierro Trust
—
Deed Of Trust
related
$1,526,250 · Pacific Western National Bank
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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