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Property profile & analytics
OFF-MARKET
Estimated value
$3,595,000
Strip malls
5030 Mcdowell Rd, Phoenix, AZ 85035-3945
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0408049
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
8,255 SF
Lot
5.3 ac (230,955 SF)
Zoning code
C-2
APN
103-20-003Y
UPID
US07-0408049
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
-
Dr. Cesar Villarreal, MD Physician
-
Allison Jon D MD Physician
-
Best Wok Chinese Restaurant Restaurant
-
Asian Dining Restaurant
-
Club Classico Phoenix Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.60M
Owner & transaction history
Crossroads Village Properties · 23 yrs held
Crossroads Village Properties
since 2002
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+173.6%
Restaurant
$4.4M
+109.8%
Auto repair, garage
$3.5M
+66.0%
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
COMMERCIAL (GENERAL)
$5,750,000
Change: +174% · Conversion: Easy
RESTAURANT
$4,410,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,490,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$2,475,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$2,460,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$2,190,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.95M · ±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
$435 / 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
$143,438
Tax year 2023
Assessed value
$1,233,062
Assessed 2024
Previous assessed
$1,034,960
+19.1% YoY
Effective rate
11.63%
On assessed value
Land market value
$2,394,700
Improvement market value
$5,078,400
Total market value
$7,473,100
Applied tax rate
51,300.0000
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
8,255 SF
Lot
5.3 ac (230,955 SF)
Zoning code
C-2
APN
103-20-003Y
UPID
US07-0408049
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.8M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
5.3 ac
Current owner
From public records · entity-resolved
Crossroads Village Properties
Entity
Mailing address
1450 E INDIAN SCHOOL RD STE #104, PHOENIX, AZ 85014-4954
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
—
Crossroads Villages Prop LLC
—
Grant Deed
related
$12,800,000 · Firstbank
Sep 11, 2002
$3,700,000
Crossroads Village Properties
Mchenry,david J
Grant Deed
—
May 30, 2002
—
Mchenry Trust
Mchenry,david & Mary J
Quit Claim Deed
related
$2,940,000 · Us Bank NA
Jun 8, 1999
—
David Mchenry
Mchenry,david & Mary J
Quit Claim Deed
related
—
Dec 3, 1997
—
Crossroads Villages Associates
Crossroads Associates
Quit Claim Deed
related
—
Apr 22, 1992
$870,000
W C Lusardi
Rtc
Grant Deed
—
—
—
Mchenry,david J Family Trust
—
Deed Of Trust
related
$12,800,000 · First Bk
—
—
David J Mchenry
—
Deed Of Trust
related
$2,940,000 · Us Bank NA
—
—
Crossroads Village Props LLC
—
Deed Of Trust
related
$1,000,000 · Firstbank NA
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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