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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
701 Dunlap Ave Phoenix, AZ 85021-3528
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3280061
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1976
Construction
STEEL FRAME
Total area
1,738 SF
Lot
0.46 ac (19,907 SF)
Zoning code
C-1
APN
158-17-029C
UPID
US07-3280061
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
-
Advance Auto Parts Auto Parts Store
-
UPS Access Point location Courier Service Postal Service
-
CARQUEST AUTO PARTS #5573 Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$400k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Atlas Bl Dunlap LLC · 4 yrs held
Atlas Bl Dunlap LLC
since 2022
Last sale
$540,000
4 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+66.0%
Office building
$630,000
+42.3%
Retail stores
$520,000
+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
$555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$400,000
7%
$370,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$520,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$460,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$450,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $540k (Jan 13 2022)
Last sale anchor
$540k
Jan 13 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
$293 / 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
$7,009
Tax year 2023
Assessed value
$94,679
Assessed 2024
Previous assessed
$72,795
+30.1% YoY
Effective rate
7.40%
On assessed value
Land market value
$481,100
Improvement market value
$150,095
Total market value
$631,195
Applied tax rate
61,300.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,738 SF
Lot
0.46 ac (19,907 SF)
Zoning code
C-1
APN
158-17-029C
UPID
US07-3280061
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning 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
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$735,000
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$520,000
MEDICAL BUILDING
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$450,000
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
1976
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Atlas Bl Dunlap LLC
Entity
Mailing address
25401 CABOT RD STE #208, LAGUNA HILLS, CA 92653-5514
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$540,000
Atlas Bl Dunlap LLC
Bdf LLC
Special Warranty Deed
—
Sep 5, 2007
$450,000
Bdf LLC
Psg 7 & Dunlap LLC
Grant Deed
—
Dec 29, 2005
$365,000
Psg 7 & Dunlap LLC
Carioca
Grant Deed
—
—
—
Psg 7 & Dunlap LLC
—
Deed Of Trust
related
$75,340 · Elizabeth Shinohara
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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