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Property profile & analytics
FOR LEASE
Strip malls
9897 W Mcdowell Rd Phoenix, AZ 85037
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0342171
For Lease
1 / 4
Contact for pricing
9897 W Mcdowell Rd, Phoenix, AZ 85037
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE
Total area
8,182 SF
Lot
11.29 ac (491,792 SF)
Zoning code
C-2
APN
102-53-004J
UPID
US07-0342171
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
-
Cartridge World | Ink & Toner Refill Business To Business Service Fax Service
-
Cox Store Telecommunications Service
-
Goldkost Jewelers (Bike/Boat/Book/etc) Store
-
Shrestha Sumi DDS Dental Office
-
Davanzo Hair Skin & Nails Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tolleson Crossroads 19 LP · 6 yrs held
Tolleson Crossroads 19 LP
since 2020
Last sale
$24.5M
7 recorded transactions
Zoning & alternative use
C-2 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In the C-2 District. In the C-2 District, the following additional uses including the above uses in division (A) above are designated as use permitted subject to a use permit. All use permits must be approved by the Tolleson City Council at a public meeting as per §
Zone name
General Commercial
General category
COMMERCIAL
Zone area
369.65 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$378,541
Tax year 2023
Assessed value
$3,369,698
Assessed 2024
Previous assessed
$3,070,829
+9.7% YoY
Effective rate
11.23%
On assessed value
Land market value
$3,957,800
Improvement market value
$16,464,611
Total market value
$20,422,411
Applied tax rate
171,700.0000
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
For Lease
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
8
Total area
8,182 SF
Lot
11.29 ac (491,792 SF)
Zoning code
C-2
APN
102-53-004J
UPID
US07-0342171
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Tolleson, AZZoning C-2 · permitted uses
C-2 · Tolleson, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In the C-2 District. In the C-2 District, the following additional uses including the above uses in division (A) above are designated as use permitted subject to a use permit. All use permits must be approved by the Tolleson City Council at a public meeting as per §
Zone name
General Commercial
General category
COMMERCIAL
Zone area
369.65 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
11.29 ac
Current owner
From public records · entity-resolved
Tolleson Crossroads 19 LP
Entity
Mailing address
720 3RD SASKATOON ST E XX
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2020
—
Tolleson Crossroads 19 LP
—
Deed
related
$17,885,000 · Citi R/e Fndg INC
Jan 23, 2020
$24,500,000
Tolleson Crossroads 19 LP
Tpp 30 Tolleson LLC
Special Warranty Deed
$17,885,000 · Citi Real Estate Funding INC
May 15, 2015
—
Tpp 30 Tolleson LLC
Tpp 22 Phoenix LLC
Quit Claim Deed
related
$13,400,000 · Western Alliance Bk
Apr 5, 2012
—
Tpp 22 Phoenix LLC
—
Deed Of Trust
related
$22,750,000 · Wells Fargo Bk/tx
Dec 21, 2011
$10,000
Tpp 22 Phoenix LLC
Wells Fargo Bk N 2007-c5
Grant Deed
—
Jul 10, 2007
$1,932,566
Tolleson 99th LLC
Crossroads Mesa Mhp LLC
Grant Deed
$34,000,000 · Column Financial INC
Dec 7, 2006
$1,300,000
Crossroads Adio LLC
Mcdowell & 99th LLC
Grant Deed
$700,000 · Mcdowell & 99th LLC
Jun 6, 2006
—
Cr One LLC
Mcdowell & 99th LLC
Grant Deed
$5,900,000 · Mcdowell & 99th LLC
Feb 1, 2005
$8,272,352
Mcdowell & 99th LLC
99th Avenue & Mcdowell LLC
Special Warranty Deed
$18,500,000 · First National Bank Of Nevada
Jul 1, 1998
—
99th Ave & Mcdowell LLC
Scottsdale Place LLC
Grant Deed
related
—
—
—
Tpp 22 Phoenix LLC
—
Loan Modification
related
$22,750,000 · Wells Fargo Bk
—
—
Tolleson Crossroads 19 LP
—
Deed Of Trust
related
$17,885,000 · Citi R/e Fndg INC
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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