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4902 E Warner Rd Phoenix, AZ 85044

Strip malls Google Maps
13,200 SF 1.29 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.79M
Range $2.51M – $3.07M (±10%)
Property ID US07-0077313

Property summary

AI-generated overview

This exceptional retail opportunity is located within the desirable Ahwatukee Commons, a well-established Class B shopping center in Phoenix, Arizona. Situated at 4902 E Warner Rd, near the intersection of 48th Street and Warner Road, this 1,010 square foot storefront offers excellent visibility and accessibility. The property boasts a total of 18,640 square feet across 1.29 acres of land, providing ample space for customers and parking. Built in 1988, Ahwatukee Commons benefits from a strong tenant mix, featuring businesses that are less susceptible to online competition, thus ensuring consistent foot traffic. The center's convenient location near the I-10 Freeway provides easy access for customers and employees. Monument signage is available, enhancing visibility and brand recognition. The property offers a parking ratio of 3.37 spaces per 1,000 square feet, ensuring sufficient parking for patrons. This space is ideal for a variety of retail uses, including storefront, restaurant, or auto shop concepts. Located in the affluent Ahwatukee submarket of Maricopa County, this property presents a compelling investment opportunity in a thriving retail environment. The property's location and established tenant base make it an attractive option for businesses seeking high visibility and a strong customer base.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction CONCRETE
Total area 13,200 SF
Lot 1.29 ac (56,149 SF)
Zoning code C-2
APN 301-59-008Z
UPID US07-0077313

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
  • Pet Grooming Service
  • Restaurant
  • Veterinary Clinic
  • (Bike/Boat/Book/etc) Store
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.03M
Comparable Approach Comparable
$4.19M
Blend (final) Blend
$2.79M

Owner & transaction history

since 2020
Last sale
$3.4M
7 recorded transactions
2020
$3.4M
2005
$4.9M
2003
$4.2M
1999
Price N/A
1996
$2.7M
1992
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $5.6M +66.0%
Retail stores $3.9M +17.1%
Medical building $3.5M +4.3%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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