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Property profile & analytics
FOR SALE
Turn key restaurants
10004 N 26Th Dr Phoenix, AZ 85021
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1502441
For Sale
1 / 10
$4,995,000
10004 N 26Th Dr, Phoenix, AZ 85021
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
STEEL FRAME
Total area
5,039 SF
Lot
1.49 ac (64,774 SF)
Zoning code
I-1
APN
149-09-009
UPID
US07-1502441
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
-
Native Grill & Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.27M
Owner & transaction history
Kind I 17 LLC · 4 yrs held
Kind I 17 LLC
since 2022
7 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+30.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,690,000
Current use
COMMERCIAL (GENERAL)
$3,510,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$449 / SF
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
$33,759
Tax year 2023
Assessed value
$247,500
Assessed 2024
Previous assessed
$255,000
-2.9% YoY
Effective rate
13.64%
On assessed value
Land market value
$722,789
Improvement market value
$777,211
Total market value
$1,500,000
Applied tax rate
61,300.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
5,039 SF
Lot
1.49 ac (64,774 SF)
Zoning code
I-1
APN
149-09-009
UPID
US07-1502441
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZ
Zoning I-1 · permitted uses
I-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Kind I 17 LLC
Entity
Mailing address
1225 N GILBERT RD, MESA, AZ 85203-4501
Ownership since
2022
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
Jul 26, 2024
—
Kind 1 17 LLC
—
Deed
related
$5,000,000 · Arizona FCU
Jan 25, 2023
—
Kind I 17 LLC
—
Deed
related
$2,400,000 · Prestamos Sub Cde 24 LLC
Jun 30, 2022
—
Kind I 17 LLC
—
Deed
related
$4,075,000 · Prestamos Cdfi LLC
Apr 1, 2022
—
Kind I 17 LLC
Aryana D Thuraisingam
Special Warranty Deed
—
Jan 5, 2022
$1,500,000
Aryanna D Thuraisingam
I 17 Properties Nny LLC
Special Warranty Deed
$1,500,000 · Kind Properties LLC
Sep 26, 2014
$2,229,544
I 17 Properties Nny LLC
Evergreen I 17 & Peoria LLC
Special Warranty Deed
$2,220,000 · Commerce Bank
Nov 14, 2012
$900,000
Evergreen 1 17 & Peoria LLC
Texas Star Steakhouse & Saloon Of A
Special Warranty Deed
$1,200,000 · Wells Fargo Bank NA
May 22, 2012
—
Star Steakhouse Texas
—
Deed Of Trust
related
$24,913,000 · Branch Banking & Trust Co
Aug 17, 2010
—
Star Steakhouse Texas
—
Deed Of Trust
related
$24,913,000 · Branch Banking & Trust Co
Mar 6, 2009
—
Star Steakhouse Texas
—
Deed Of Trust
related
$24,913,000 · Colonial Bank
Oct 15, 1996
$774,600
Star Steakhouse Texas
Talcott Realty I L P
Grant Deed
—
—
—
I-17 Properties Nny LLC
—
Deed Of Trust
related
$22,000 · Evergreen-i-17 & Peoria LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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