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Property profile & analytics
OFF-MARKET
Individual retail properties
542 Southern Ave Phoenix, AZ 85041-4811
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-2671330
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1939
Construction
CONCRETE
Total area
1,428 SF
Lot
0.46 ac (19,863 SF)
Zoning code
C-1
APN
113-39-009
UPID
US07-2671330
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
-
Ageez Hair Center Barber Shop
-
Barber Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ak Gathers INC · 8 yrs held
Ak Gathers INC
since 2017
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,710
Tax year 2023
Assessed value
$72,058
Assessed 2024
Previous assessed
$72,058
+0.0% YoY
Effective rate
7.92%
On assessed value
Land market value
$189,700
Improvement market value
$251,844
Total market value
$441,544
Applied tax rate
661,300.0000
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1939
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
1,428 SF
Lot
0.46 ac (19,863 SF)
Zoning code
C-1
APN
113-39-009
UPID
US07-2671330
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZZoning C-1 · permitted uses
C-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1939
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Ak Gathers INC
Entity
Mailing address
542 W SOUTHERN AVE, PHOENIX, AZ 85041-4811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Sep 11, 2017
$140,000
Ak Gathers INC
Walker,michael L
Warranty Deed
—
Mar 24, 2014
$100,000
Michael Walker
Gathers,anthony
Warranty Deed
$115,000 · Iridius Income Fund LLC
Mar 7, 2013
$266,705
Us Bank NA Series 2006-bnc3
First American Title Ins
Trustees Deed
related
—
Aug 30, 2004
$129,000
Anthony Gathers
Foresight Investment Group LLC
Warranty Deed
$122,550 · Argent Mortgage Co LLC
Apr 22, 2004
—
Foresight Investment Group LLC
Mgf Funding INC
Quit Claim Deed
related
$87,358 · Mgf Funding INC
Mar 31, 2004
$87,358
Mgf Funding INC
Cruz,benjamin N
Trustees Deed
related
—
Apr 2, 2001
$82,000
Benjamin N Cruz
Corella,ramon P
Grant Deed
$69,700 · Wmc Mortgage Corp
May 9, 2000
$83,000
Benjamin N Cruz
Boswell,curt & Joy
Grant Deed
$82,372 · North American Mortgage
Mar 21, 1997
$45,000
Curt Boswell
Mildred Entemann
Grant Deed
$40,500 · Mellon Mortgage
—
—
Ak Gathers INC
—
Deed Of Trust
related
$7,000 · Private Individual
—
—
Ak Gathers INC
—
Deed Of Trust
related
$121,381 · Miscellaneous Govt Agcy
—
—
Ak Gathers INC
—
Deed Of Trust
related
$10,000 · Private Individual
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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