New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Strip malls
909 1st St, Phoenix, AZ 85004-1902
Entity Owned
11-yr Hold
Free & Clear
Property ID
US07-0389552
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
CONCRETE
Total area
3,156 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DTC-W-EV
APN
111-43-032
UPID
US07-0389552
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
-
FUTURO Cafe & Coffee Shop
-
Import News at PALABRA (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
PALABRA Cafe & Coffee Shop
-
Vanessa Yvonne hair Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.38M
Owner & transaction history
Eq First & Garfield LLC · 11 yrs held
Eq First & Garfield LLC
since 2015
5 recorded transactions
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+66.0%
Office building
$955,000
+18.8%
Retail stores
$940,000
+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
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
AUTO REPAIR, GARAGE
$1,335,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$940,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$840,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$436 / 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
$12,936
Tax year 2023
Assessed value
$176,118
Assessed 2024
Previous assessed
$141,865
+24.1% YoY
Effective rate
7.35%
On assessed value
Land market value
$700,000
Improvement market value
$367,380
Total market value
$1,067,380
Applied tax rate
11,300.0000
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
1963
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,156 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DTC-W-EV
APN
111-43-032
UPID
US07-0389552
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Zoning DTC-W-EV · permitted uses
DTC-W-EV · 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
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$955,000
RETAIL STORES
Est. value
$940,000
MEDICAL BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1963
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Eq First & Garfield LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1810, SCOTTSDALE, AZ 85252-1810
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2015
$787,500
Eq First & Garfield LLC
Reholding 1 LLC
Grant Deed
—
Aug 21, 2014
$175,000
Reholding 1 LLC
Seed Money Of Growth Foun INC
Grant Deed
$420,000 · Richard L Gordon En Pp/tr (ct)
Jun 29, 2001
$250,000
Seed Money For Growth Foundat
Carmody,thomas
Grant Deed
—
Jun 4, 2001
$950,000
Thomas Carmody
T W D R & Properties
Grant Deed
$741,000 · T W D R & Properties
—
—
Reholding 1 LLC
—
Deed Of Trust
related
$105,000 · Nis Holdings LLC
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 909 1st St?
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.
