New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Retail space
5501 Washington St Phoenix, AZ 85034-2133
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-1003522
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
STEEL FRAME
Total area
9,019 SF
Lot
1.13 ac (49,106 SF)
Zoning code
I-1
APN
124-17-009A
UPID
US07-1003522
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
-
Castle Megastore - Phoenix/Tempe (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.11M
Owner & transaction history
5501 E Washington St LLC · 10 yrs held
5501 E Washington St LLC
since 2015
7 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,685,000
Current use
MEDICAL BUILDING
$2,395,000
Change: -11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,295,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$233 / 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
$25,522
Tax year 2023
Assessed value
$222,608
Assessed 2024
Previous assessed
$195,993
+13.6% YoY
Effective rate
11.46%
On assessed value
Land market value
$714,500
Improvement market value
$634,637
Total market value
$1,349,137
Applied tax rate
311,300.0000
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
1980
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
9,019 SF
Lot
1.13 ac (49,106 SF)
Zoning code
I-1
APN
124-17-009A
UPID
US07-1003522
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZ
Zoning I-1 · permitted uses
I-1 · 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
RETAIL STORES Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES Current
MEDICAL BUILDING
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
1980
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
5501 E Washington St LLC
Entity
Mailing address
2202 E UNIVERSITY DR STE #1, PHOENIX, AZ 85034-6810
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2015
$562,400
5501 E Washington St LLC
Mg Ventures LLC
Grant Deed
$420,000 · Ks Statebank
Jan 8, 2013
—
Sigurvegaritekurallt LLC
Dexter Liquidating Trust
Quit Claim Deed
related
—
Sep 9, 2009
—
Dexter,liquidating Trust
Castle Realty Corp
Grant Deed
related
—
Nov 13, 2002
—
Anmp 74th Street LLC
5501 E Washington Street Trust
Grant Deed
related
—
Oct 19, 2001
—
Fiducial Xing Corporate
Real Estate Holding Corp
Quit Claim Deed
related
—
Feb 17, 1989
$450,000
Estate Hold Real
—
Deed Of Trust
related
—
—
—
Real Estate Holding Corp
—
Deed Of Trust
related
$2,288,000 · Money Store Commercial Mortgag
—
—
Mg Ventures LLC
—
Deed Of Trust
related
$900,000 · Arizona Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5501 Washington St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
