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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Strip malls
615 Deer Vly Rd, Phoenix, AZ 85027-2127
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3409492
Property summary
AI-generated overview
This exceptional Flight Center property offers a diverse range of office spaces for lease, ideal for businesses of all sizes. Located in Maricopa County, this Class B building boasts a total of 16,775 square feet, with suites ranging from a minimum of 1,130 square feet to a maximum contiguous space of 21,368 square feet. Three total suites are available within the single, 2005-constructed building, situated on a 1.55-acre lot (APN 209-26-002). The property features a substantial 213-space parking lot, providing a generous 4.7 spaces per 1,000 square feet. Modern amenities include a fully sprinklered system, readily available fiber optic, ATM, and cable access. The building also benefits from prominent illuminated channel letter signage opportunities. This mixed-use development offers approximately 45,000 square feet of retail and office space, with additional land available for sale or lease. The property is ready for immediate occupancy, making it an attractive option for businesses seeking a move-in-ready solution. The flexible space options cater to various business needs, from smaller executive offices to larger traditional office setups. Contact us today to explore leasing opportunities and discover the perfect space for your business.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
16,775 SF
Lot
1.55 ac (67,379 SF)
Zoning code
A-1
APN
209-26-004
UPID
US07-3409492
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
-
Meredith Eggebrecht: Allstate Insurance Insurance Agency
-
Sound Structural Solutions, Inc Structural Engineer
-
Jellah & Associates INC American Family Insurance Insurance Agency
-
Veterinarian Animal Hospital Veterinary Clinic
-
J Seth Buxton Agency Inc American Family Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.85M
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$5.35M
Owner & transaction history
Dunbar Flight Center LLC · 4 yrs held
Dunbar Flight Center LLC
since 2022
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.1M
+66.0%
Office building
$6.2M
+45.8%
Retail stores
$5.0M
+17.1%
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
$5,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,165,000
6.5%
$3,845,000
7%
$3,570,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,270,000
Current use
AUTO REPAIR, GARAGE
$7,090,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$6,225,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$5,000,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$4,455,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,195,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±10% · vs last sale $5.95M (Mar 28 2022)
Last sale anchor
$5.95M
Mar 28 2022
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
$319 / 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
$34,371
Tax year 2023
Assessed value
$591,192
Assessed 2024
Previous assessed
$495,771
+19.2% YoY
Effective rate
5.81%
On assessed value
Land market value
$1,284,000
Improvement market value
$2,298,983
Total market value
$3,582,983
Applied tax rate
971,300.0000
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,775 SF
Lot
1.55 ac (67,379 SF)
Zoning code
A-1
APN
209-26-004
UPID
US07-3409492
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Dunbar Flight Center LLC
Entity
Mailing address
841 APOLLO ST STE #475, EL SEGUNDO, CA 90245-4803
Ownership since
2022
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
Mar 28, 2022
$5,950,000
Dunbar Flight Center LLC
Flight Center Az Flex LP
Special Warranty Deed
$2,800,000 · Farmers & Merchants Bank
Mar 3, 2017
$4,535,000
Flight Center Az Flex LP
Smull,family Trust
Trustees Deed
$3,401,250 · Firstbank
—
—
Jimmy L Smull
—
Deed Of Trust
related
$4,000,000 · Union Security Insurance Co
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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