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Property profile & analytics
FOR LEASE
Retail space
6868 W Indian School Rd Phoenix, AZ 85033
Entity Owned
Free & Clear
Property ID
US07-0874024
For Lease
1 / 4
Contact for pricing
6868 W Indian School Rd, Phoenix, AZ 85033
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
CONCRETE
Total area
20,984 SF
Lot
1.72 ac (74,764 SF)
Zoning code
C-C
APN
144-40-468A
UPID
US07-0874024
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
6868 W Indian School LLC
6868 W Indian School LLC
since 2026
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
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
$2,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,295,000
6.5%
$3,040,000
7%
$2,825,000
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.00M (Feb 23 2026)
Last sale anchor
$2.00M
Feb 23 2026
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
$109 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$43,163
Tax year 2022
Assessed value
$605,784
Assessed 2024
Previous assessed
$401,285
+51.0% YoY
Effective rate
7.13%
On assessed value
Land market value
$858,900
Improvement market value
$2,812,519
Total market value
$3,671,419
Applied tax rate
831,300.0000
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
For Lease
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
20,984 SF
Lot
1.72 ac (74,764 SF)
Zoning code
C-C
APN
144-40-468A
UPID
US07-0874024
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
6868 W Indian School LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5171 S SPENCER ST, SEATTLE, WA 98118-2923
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
$2,000,000
6868 W Indian School LLC
Eretz East LLC
Special Warranty Deed
—
Mar 25, 2022
—
Cathy L Connor
Rodney Wayne Flynn
Quit Claim Deed
related
—
Mar 25, 2022
$2,100,000
Eretz East LLC
Michael D Connor
Special Warranty Deed
$1,430,000 · First American Title Insurance
Dec 31, 2020
—
Connor Trust Dtd
G-franco Ltd
Warranty Deed
—
Mar 31, 2016
$2,059,259
G-franco Ltd
Fd Partners LLC
Warranty Deed
—
Jul 31, 2015
$800,000
Fd Partners LLC
Pep Boys Mcany Moe
Grant Deed
$1,150,000 · Rabobank
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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