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    Freestanding Restaurant Property Title is generated by Realmo AI

    4501 N 32nd St, Phoenix, AZ 85018

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    New
    For Sale
    $4,955,966

    For sale restaurant property supporting scratch-made food concepts and a sushi, matcha, and cocktail bar format.

    Type:Shopping Strip
    Property size:
    4,369 SF
    Price / SF:
    $1,134/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:13 am

    Property Features for 4501 N 32nd St

    General Information

    Standard status
    Active
    Size
    4,369 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    2018

    We can help!

    Listing Contact
    Chris Lind
    Chris Lind

    Listing agent Chris Lind License #License(s): AZ: SA627823000

    Listing office Marcus & Millichap | Phoenix

    Listing date Jun 3, 2026

    Source Marcusmillichap

    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 Marcus & Millichap | Phoenix

    HighLights

    • Year built 2018 restaurant property supporting scratch‑made food concepts
    • Includes Original ChopShop concept serving protein bowls, juices, salads, and sandwiches made from scratch
    • Minnow sushi, matcha, and cocktail bar opened with hours 7am–8pm daily (9pm Fri & Sat)
    • Menu features fresh sushi, small plates, and a matcha program
    • Craft cocktails, beer, and wine served as part of the Minnow concept

    Overview

    This for-sale restaurant property is presented as a food and beverage operating site tied to restaurant concepts that focus on scratch-made menu items. The operator profile highlights protein bowls, juices, salads, and sandwiches made from scratch, along with a “Chopped-in-Shop” style of daily preparation using real quality ingredients. A second concept described in the remarks is a sushi, matcha, and cocktail bar built around fresh sushi, small plates, and a matcha program, served alongside craft cocktails, beer, and wine.

    The offering is located in Metro Phoenix, within Maricopa and Pinal counties. The Metro Phoenix description in the remarks includes both incorporated and unincorporated towns and cities and notes the market’s large resident base, with Phoenix as the largest city.

    The concepts described are compatible with a tenant or operator seeking a full-service food and beverage environment, including menu categories ranging from bowls and salads to sushi and cocktail service. The remarks also provide operating-hour detail for the sushi, matcha, and cocktail bar concept (7:00am to 8:00pm daily, with extended hours to 9:00pm on Fridays and Saturdays), which can be useful when evaluating staffing and service schedule fit.
    Location Intelligence

    Current Use by Public Records

    Seedhouse Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.01258
    Latitude
    33.503165

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    FAQs

    What type of property is this?
    Conventional restaurant - For sale restaurant property supporting scratch-made food concepts and a sushi, matcha, and cocktail bar format.
    Where is this conventional restaurant located?
    The property is located at 4501 N 32nd St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $4,955,966.
    What are key features of this property?
    This property features: Year built 2018 restaurant property supporting scratch‑made food concepts; Includes Original ChopShop concept serving protein bowls, juices, salads, and sandwiches made from scratch; Minnow sushi, matcha, and cocktail bar opened with hours 7am–8pm daily (9pm Fri & Sat)
    (602) 687-6780
    We can help!
    Listing Contact
    Chris Lind
    Chris Lind
    Real Estate License ID: License(s): AZ: SA627823000
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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