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Property profile & analytics
OFF-MARKET
Estimated value
$4,945,000
Outlet malls
9201 29th Ave, Phoenix, AZ 85051-3468
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2569128
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Construction
CONCRETE
Total area
44,311 SF
Lot
6.56 ac (285,751 SF)
Zoning code
C-2
APN
149-13-016
UPID
US07-2569128
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
-
Dunlap and I17 Goodwill Retail Store and Donation Center Discount Store
-
Kicks Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Payday Direct Insurance Agency
-
Bridal & Tuxedo Super Store A Dream Wedding 4-Less Clothing & Fashion Store
-
Life Style On Edge Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.64M
Blend (final)
Blend
$4.95M
Owner & transaction history
Metro Lofts Qozb LLC · 4 yrs held
Metro Lofts Qozb LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,935,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.95M
Range $4.45M – $5.44M · ±10% · vs last sale $3.42M (Sep 24 2021)
Last sale anchor
$3.42M
Sep 24 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
$112 / 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
$76,424
Tax year 2023
Assessed value
$592,485
Assessed 2024
Previous assessed
$1,327,530
-55.4% YoY
Effective rate
12.90%
On assessed value
Land market value
$3,949,900
Total market value
$3,949,900
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
3
Stories
1
Units
3
Total area
44,311 SF
Lot
6.56 ac (285,751 SF)
Zoning code
C-2
APN
149-13-016
UPID
US07-2569128
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.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
6.56 ac
Current owner
From public records · entity-resolved
Metro Lofts Qozb LLC
Entity
Mailing address
15010 N 78TH WAY STE #109, SCOTTSDALE, AZ 85260-2612
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
Sep 24, 2021
$3,420,000
Metro Lofts Qozb LLC
Gm Metro LLC
Special Warranty Deed
$1,650,000 · Western Alliance Bank
Dec 5, 2018
—
Gm Metro LLC
—
Loan Modification
related
$806,114 · Firstbank
Oct 15, 2015
$5,800,000
Gm Metro LLC
Conn Appliances INC
Grant Deed
$2,700,000 · Firstbank
Sep 27, 2013
$6,100,000
Conn Applicances INC INC
Bre Retail Residual Owne 1
Grant Deed
—
Jul 5, 2011
—
Bre Retail Residual Owner 1 Ll
Centro Np Residual Pool 1 Spe
Trustees Deed
$1,000,000,000 · Wells Fargo Bk
Jan 27, 2009
—
Centro Np Residual Pool 1 Spe
Centro Np LLC
Quit Claim Deed
related
$370,000,000 · Jp Morgan Chase Bk
Jul 24, 2007
—
Super Intermediateco LLC
New Plan Excel Realty Trust INC
Quit Claim Deed
related
—
—
—
Gm Metro LLC
—
Deed Of Trust
related
$2,350,000 · Firstbank
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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