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Property profile & analytics
OFF-MARKET
Estimated value
$4,630,000
Outlet malls
9060 Black Cyn Hwy, Phoenix, AZ 85051-3457
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-2466963
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Construction
CONCRETE
Total area
20,501 SF
Lot
2.07 ac (90,211 SF)
Zoning code
C-2
APN
149-13-018
UPID
US07-2466963
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.57M
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$4.63M
Owner & transaction history
Dale Robin Johnson Line LLC · 6 yrs held
Dale Robin Johnson Line LLC
since 2020
Last sale
$4.5M
1 recorded transaction
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+0.7%
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
$5,905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,860,000
6.5%
$3,565,000
7%
$3,310,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,110,000
Current use
OFFICE BUILDING
$6,150,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$5,440,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,320,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,220,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$4.63M
Range $4.17M – $5.09M · ±10% · vs last sale $4.50M (Jun 2 2020)
Last sale anchor
$4.50M
Jun 2 2020
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
$226 / 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
$24,647
Tax year 2023
Assessed value
$503,696
Assessed 2024
Previous assessed
$436,118
+15.5% YoY
Effective rate
4.89%
On assessed value
Land market value
$1,029,200
Improvement market value
$2,023,500
Total market value
$3,052,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
20,501 SF
Lot
2.07 ac (90,211 SF)
Zoning code
C-2
APN
149-13-018
UPID
US07-2466963
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
RETAIL STORES Current
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
Dale Robin Johnson Line LLC
Entity
Mailing address
591 DUNNEGAN DR, LAGUNA BEACH, CA 92651-1432
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
$4,495,000
Dale Robin Johnson Line LLC
Gm Metro LLC
Special Warranty Deed
$2,550,000 · Wells Fargo Bank NA
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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