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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Strip malls
5030 Ray Rd, Phoenix, AZ 85044-6408
Individually Owned
30-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1357516
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Construction
CONCRETE
Total area
13,457 SF
Lot
0.74 ac (32,017 SF)
Zoning code
C-2
APN
301-59-470
UPID
US07-1357516
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
-
Native Grill & Wings Restaurant
-
The Whining Pig Ahwatukee Restaurant
-
The Honey Baked Ham Company Restaurant
-
ATM Atm
-
Jabz Boxing - Chandler Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.48M
Owner & transaction history
Foothills Shopping Center L L C · 30 yrs held
Foothills Shopping Center L L C
since 1996
3 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+17.1%
Medical building
$3.6M
+4.3%
Warehouse, storage
$3.5M
+2.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$3,425,000
Current use
RETAIL STORES
$4,010,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,570,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,495,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,960,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$184 / 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
$19,271
Tax year 2023
Assessed value
$312,522
Assessed 2024
Previous assessed
$229,075
+36.4% YoY
Effective rate
6.17%
On assessed value
Land market value
$1,056,500
Improvement market value
$837,573
Total market value
$1,894,073
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,457 SF
Lot
0.74 ac (32,017 SF)
Zoning code
C-2
APN
301-59-470
UPID
US07-1357516
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1990
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Foothills Shopping Center L L C
Individual
Mailing address
5343 N 16TH ST STE #290, PHOENIX, AZ 85016-3233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 1996
—
Foothills Shopping Center L L C
Lgd Phoenix Foothills
Quit Claim Deed
related
$11,324,226 · River Bank America
—
—
Foothills Shopping Center LLC
—
Deed Of Trust
related
—
—
—
Foothills Shopping Center LLC
—
Deed Of Trust
related
$22,500,000 · Pnc 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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