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    49-53 W Thomas Rd Phoenix, AZ 85012

    For Lease
    Contact for pricing

    Former restaurant space with high traffic and nearby amenities.

    Property size:
    1,520 SF
    Lot size:
    0.17 Acres

    Property Features for 49-53 W Thomas Rd

    General Information

    Size
    1,520 SF
    Lot size
    0.17 Acres

    Source: SRS Real Estate Partners | Phoenix Agent Alan Houston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space Near Saint Joseph's

    This 1,520-square-foot space is a former restaurant equipped with a Type II hood, walk-in refrigeration, and a grease trap. The property benefits from a high-traffic intersection with over 61,000 vehicles per day. It is situated near Saint Joseph's Hospital, which employs over 4,700 people, and is directly across the street from the hospital. The location is also adjacent to the historic Willo and Encanto residential districts. Over 47,000 daytime workers and residents are located within a half-mile radius. Additionally, the property is two blocks from the Park Central/Creighton Medical School redevelopment, offering further business opportunities.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Karsons Kornbread, iL TOCCO FOOD, Eddie C's Private Dining, Ocholo's Kitchen, Urban Beans VEGAN

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0713944
    Latitude
    33.4795178

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant space with high traffic and nearby amenities.
    Where is this restaurant located?
    The property is located at 49-53 W Thomas Rd Phoenix, AZ.
    What are key features of this property?
    This property features: - High-traffic location with over 61,000 vehicles per day.; - High-density daytime population: Over 47,000 workers and residents within 1/2 mile.; - Directly across the street from Saint Joseph's Hospital (4,700+ employees).
    (602) 377-7915
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    49-53 W Thomas Rd Phoenix, AZ 85012
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    Phoenix, AZ 85012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49-53 W Thomas Rd Phoenix, AZ 85012
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