Turnkey Restaurant
For Sale
Contact for pricing
1381 N Alma School Rd, Chandler, AZ
Multi-suite property with established and vacant restaurant spaces.
Property Size8,610 SF
Lot Size0.29 Acres
Price / SF$278.75
Days on Market514
Property Features for 1381 N Alma School Rd
General Information
Standard status
Active
Size
8,610 SF
Lot size
0.29 Acres
Property subtype
RETAIL
Listing Agency:
Kidder Mathews | Phoenix
(602) 513-5200
Listed By:
Tim Hurley · License #SA665984000
(760) 861-1100
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Oct 25
Last Checked: Oct 26 at 12:42PM
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 | Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-suite property presents a turnkey restaurant opportunity. The property includes a space currently occupied by Saigon Pho & Seafood, with the business value included in the sale. An adjacent restaurant space is currently vacant. The property's total size is 8610 square feet.
Key Highlights
- Turnkey restaurant opportunity
- Includes operating Saigon Pho & Seafood business
- Multi‑suite property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,925
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,318,500
$2.3M
Cap Rate 7%
$1,656,071
$1.7M
Cap Rate 9%
$1,288,056
$1.3M
Market Conditions
NOI Build-Up for 8,610 SF
Gross rent
$165.3K $19.20/SF
− Vacancy
−$10.7K −$1.25/SF
EGI
$154.6K $17.95/SF
− OpEx
−$38.6K −$4.49/SF
NOI
$115.9K $13.46/SF
Area
Chandler, AZ
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,318,500
Cap Rate 7%
$1,656,071
Cap Rate 9%
$1,288,056
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,925 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,675 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,751 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- elite — 1739 W Gary Dr, Chandler, AZ 85224
- Big Jake's Dogs & Catering — Ray Rd &, N Alma School Rd, Chandler, AZ 85225
- AZ FoodTrucking — 1287 N Alma School Rd, Chandler, AZ 85224
Frequently Asked Questions
What type of property is this?
Restaurant - Multi-suite property with established and vacant restaurant spaces.
Where is this restaurant located?
The property is located at 1381 N Alma School Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity; Includes operating Saigon Pho & Seafood business; Multi‑suite property
