Restaurant Space with Full
For Sale
Contact for pricing
1051 E Camelback Rd, Phoenix, AZ 85014
Existing restaurant improvements include furnishings, fixtures, and equipment for continued food-service use.
Property Size8,076 SF
Price / SF$402.43
Days on Market184
Property Features for 1051 E Camelback Rd
General Information
Standard status
Active
Size
8,076 SF
Class
A
Property subtype
Retail
Zoning
C-2
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Stories
1
Listing Agency:
Kidder Mathews
(602) 513-5168
Listed By:
Tim Hurley · License #AZ SA665984000
Source:
Crexi
Added: Feb 27
Changed: Aug 30
Last Checked: Aug 30 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
Investment Insights
Based on property information with market context.
This 8,076-square-foot restaurant property at 1051 E Camelback Rd includes an established restaurant buildout along with full furnishings, fixtures, and equipment. The space formerly operated as Chantico Mexican Restaurant and is configured for food-service operations.
The property is located on Camelback Road in Phoenix, Arizona, and carries C-2 zoning. Its existing improvements and included FF&E provide a defined restaurant-oriented commercial setting for a new operator or ownership group.
The property is located on Camelback Road in Phoenix, Arizona, and carries C-2 zoning. Its existing improvements and included FF&E provide a defined restaurant-oriented commercial setting for a new operator or ownership group.
Key Highlights
- 8,076 SF restaurant property
- Full furnishings, fixtures, and equipment included
- Former Chantico Mexican Restaurant location
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,407,300
$2.4M
Cap Rate 7%
$1,719,500
$1.7M
Cap Rate 9%
$1,337,389
$1.3M
Market Conditions
NOI Build-Up for 8,076 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$174.4K $21.60/SF
− Vacancy
−$14.0K −$1.73/SF
EGI
$160.5K $19.87/SF
− OpEx
−$40.1K −$4.97/SF
NOI
$120.4K $14.90/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,407,300
Cap Rate 7%
$1,719,500
Cap Rate 9%
$1,337,389
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.50M – $2.01M
NOI $120,365 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,240 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements include furnishings, fixtures, and equipment for continued food-service use.
Where is this conventional restaurant located?
The property is located at 1051 E Camelback Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 8,076 SF restaurant property; Full furnishings, fixtures, and equipment included; Former Chantico Mexican Restaurant location
