New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Strip malls
835 43rd Ave, Phoenix, AZ 85009-7015
Entity Owned
13-yr Hold
Free & Clear
Property ID
US07-0987732
Property summary
AI-generated overview
This exceptional 12,530 square foot property, located at 835 N 43rd Ave in Phoenix, Arizona (zip code 85009), presents a unique investment opportunity. Currently configured as a retail and office space, this multi-tenant building offers a blend of uses within the vibrant West Phoenix/Maryvale Ret submarket of Maricopa County. The property features a total of one suite, with 2,400 square feet currently available for lease. This sizable vacant space provides significant potential for a variety of businesses seeking a prominent location in a bustling area. The existing building's layout is adaptable, making it suitable for a range of retail or executive office uses. The property's strategic location in West Phoenix offers excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and convenient access for clients and employees. This is an ideal opportunity to establish or expand your business in a thriving commercial corridor. The property's size and flexibility make it a versatile option for various business needs. Serious inquiries are encouraged to explore the possibilities this prime location offers. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
12,440 SF
Lot
1.34 ac (58,435 SF)
Zoning code
C-2
APN
106-02-024
UPID
US07-0987732
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
-
Francisco Gonzalez - State Farm Insurance Agent Insurance Agency
-
NY Slicers Deli Take-out & Catering
-
Glam Glow Salon and Spa Hair Salon Nail Salon
-
Lubrication Equipment & Supply Factory Industrial Manufacturer
-
Power precision athletics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.66M
Owner & transaction history
43rd Avenue Shops LLC · 13 yrs held
43rd Avenue Shops LLC
since 2012
3 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+25.0%
Industrial (general)
$3.7M
+17.9%
Retail stores
$3.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,165,000
Current use
AUTO REPAIR, GARAGE
$3,955,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,735,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$3,705,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$3,360,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10%
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
$214 / 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
$39,314
Tax year 2023
Assessed value
$336,031
Assessed 2024
Previous assessed
$278,375
+20.7% YoY
Effective rate
11.70%
On assessed value
Land market value
$338,400
Improvement market value
$1,698,151
Total market value
$2,036,551
Applied tax rate
51,300.0000
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,440 SF
Lot
1.34 ac (58,435 SF)
Zoning code
C-2
APN
106-02-024
UPID
US07-0987732
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$3.2M
AUTO REPAIR, GARAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
43rd Avenue Shops LLC
Entity
Free & Clear · 13 yrs held
Mailing address
9654 E MTN SPG RD, SCOTTSDALE, AZ 85255-6639
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2012
$895,000
43rd Avenue Shops LLC
Bokf NA
Grant Deed
—
Oct 4, 2011
—
Bokf NA
43rd Avenue Retail Center LLC
Warranty Deed
related
—
—
—
43rd Avenue Shops LLC
—
Deed Of Trust
related
$800,000 · Bank Of Hemet
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 835 43rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
