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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Strip malls
7102 35th Ave Phoenix, AZ 85051-8390
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2652924
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Construction
CONCRETE
Total area
6,000 SF
Lot
0.89 ac (38,768 SF)
Zoning code
PSC
APN
151-20-055A
UPID
US07-2652924
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
-
TheBarberTeam Studio Barber Shop
-
Galaxy Asian Market Grocery & Convenience Store Food Market
-
7 Dental Phoenix Dental Office
-
Lethal INKjection Art Tattoo & Piercing Shop
-
Goe2Goe Tax Services, llc Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.36M
Owner & transaction history
Plaza 7102 LLC · 5 yrs held
Plaza 7102 LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 that the purpose of the district may be accomplished
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
915.97 ac
Source
Realmo
Top alternative use upside
Office building
$1.8M
+17.9%
Retail stores
$1.8M
+17.1%
Medical building
$1.6M
+4.3%
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%
$1,490,000
6.5%
$1,375,000
7%
$1,275,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,525,000
Current use
OFFICE BUILDING
$1,800,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$1,790,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$1,595,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,555,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.25M (Jun 14 2021)
Last sale anchor
$1.25M
Jun 14 2021
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
$227 / 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
$14,291
Tax year 2023
Assessed value
$185,034
Assessed 2024
Previous assessed
$185,034
+0.0% YoY
Effective rate
7.72%
On assessed value
Land market value
$410,400
Improvement market value
$711,021
Total market value
$1,121,421
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
6,000 SF
Lot
0.89 ac (38,768 SF)
Zoning code
PSC
APN
151-20-055A
UPID
US07-2652924
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZZoning PSC · permitted uses
PSC · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 that the purpose of the district may be accomplished
Zone name
Planned Shopping Center
General category
COMMERCIAL
Zone area
915.97 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Plaza 7102 LLC
Entity
Mailing address
6501 E GREENWAY PKWY STE #103, SCOTTSDALE, AZ 85254-2070
Ownership since
2021
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
Jul 20, 2021
—
Plaza 7102 LLC
—
Deed
related
$900,000 · Firstbank
Jun 14, 2021
$1,250,000
Plaza 7102 LLC
Din Investment Group LLC
Special Warranty Deed
$700,000 · Brown Equity Fund III LLC
Jun 7, 2019
$880,000
Din Investment Group LLC
Boma LLC
Grant Deed
$675,000 · Matthew E Mccardell
Dec 3, 2007
—
Boma LLC
Ashtiani,mehrdad H
Warranty Deed
—
Apr 10, 2007
$975,000
Mehrdad H Ashtiani
Mccardell,matthew E & Pamela J
Warranty Deed
$850,000 · Mccardell Family Trust (tr)
Jun 2, 2003
$650,000
Matthew E Mccardell
Zannis,dimitris A & Eugenia
Grant Deed
$400,000 · Citizens State Bank
Jan 31, 2001
—
Dimitris A Zannis
Zannis,dimitris A
Quit Claim Deed
related
$233,368 · Bank Of America
Jan 31, 2001
$330,000
Zannis,dimitris A
Coseboom,dorilee
Trustees Deed
—
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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