OFF-MARKET
Outlet malls
Entity Owned
4-yr Hold
~
Est. High Equity
Entity Owned Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
CONCRETE
Total area
47,123 SF
Lot
3.7 ac (161,172 SF)
Zoning code
PAD
APN
200-43-008J
UPID
US07-1288434
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
-
Tech Support Center (Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store Home Appliance Store
-
Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.36M
Comparable Approach
Comparable
$8.49M
Blend (final)
Blend
$11.91M
Owner & transaction history
since 2022
Last sale
$9.5M
3 recorded transactions
Zoning & alternative use
PAD · Glendale, AZ
Zoning description
Review approved Planned Area Development (PAD) and Planned Residential Development (PRD) Plans. Contact Us Connect with Glendale’s Planning Division for expert guidance on development, zoning, and community planning. FAQ…
General category
MIXED_USE
Top alternative use upside
Commercial (general)
$14.4M
+15.4%
Neighborhood: shopping center
$13.6M
+8.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.91M
Value range
$10.71M – $13.10M
±10% around blend
Estimated value / SF
$253 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$10.71M
blend $11.91M
$13.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
47,123 SF
Lot area
3.7 ac
Year built
1994
Stories
1
APN
200-43-008J
Assessed value
$919,347
Annual tax
$60,318
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.36M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.06M
@ 6.5% CAP return
$8.36M
@ 7% CAP return
$7.76M
4
Sales comparison
Partial preview
Sales approach indication
$8.49M
Range $6.15M – $20.34M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 61 sales
$266
-5%
County 968 sales
$336
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $253/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+15%
vs current-use indication
Neighborhood: Shopping Center
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
4.60%
Implied, in-place cap rate for this outlet malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.60%
9.0%
NOI (est.)
$665k *
Last sale · Feb 2022
$9.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.46M
Move the market yield to see immediate price impact.
Value / SF
$307
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.10%4.60%5.10%
$599k
$14.60M
$13.01M
$11.74M
$665k
$16.22M
$14.46M
$13.04M
$732k
$17.84M
$15.90M
$14.34M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,318
Tax year 2023
Assessed value
$919,347
Assessed 2024
Previous assessed
$849,609
+8.2% YoY
Effective rate
6.56%
On assessed value
Land market value
$2,998,700
Improvement market value
$2,573,100
Total market value
$5,571,800
Applied tax rate
970,702.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
47,123 SF
Lot
3.7 ac (161,172 SF)
Zoning code
PAD
APN
200-43-008J
UPID
US07-1288434
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Glendale, AZZoning PAD · permitted uses
PAD · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Review approved Planned Area Development (PAD) and Planned Residential Development (PRD) Plans. Contact Us Connect with Glendale’s Planning Division for expert guidance on development, zoning, and community planning. FAQ…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PAD
MIXED_USE
Jurisdiction
Glendale, AZ
Recorded code
PAD
Official district
PAD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PAD in Glendale, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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