Property profile

6544 W Thomas Rd Phoenix, AZ 85033

FOR LEASE
Strip malls
Property ID
US07-1770836
15,736 SF 1.37 ac lot Built 1987
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

West Highlands Shopping Center is a retail property constructed in 1979 with 82,515 square feet of retail space. The center is shadow-anchored by Food City and is configured as a multi-tenant neighborhood shopping center with a mix of retail and service uses, including Family Dollar, Gen-X Clothing, Sherwin-Williams, Cricket Wireless, Pizza Patron, Jackson Hewitt, and Subway Sandwiches. Demographic data reported for the surrounding area includes a daytime population exceeding 545,000 and a residential population of 203,000 within a three-mile radius. The center is located approximately one mile from Interstate 10 and is about 20 minutes from Phoenix Sky Harbor International Airport. The property has been professionally managed and maintained under the current ownership for more than 15 years, and it has an approved plan for a fresh, updated exterior color scheme with Food City oversight.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 15,736 SF
Lot 1.37 ac (59,473 SF)
Zoning code PSC
APN 103-02-003
UPID US07-1770836

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Insurance Agency
  • Restaurant
  • Restaurant
  • Restaurant

Location

6544 W Thomas Rd Phoenix, AZ 85033
Phoenix metro Census 109801 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.39M
Blend (final) Blend
$2.29M

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2016
Price N/A
2006
Price N/A

Zoning & alternative use

PSC · Phoenix, AZ
Zoning description

The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so th…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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