Property profile

1038 Ml Ave Tempe, AZ 85281

OFF-MARKET
Turn key restaurants
Property ID
US07-1118248
3,420 SF 0.22 ac lot Built 1977
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Construction CONCRETE
Total area 3,420 SF
Lot 0.22 ac (9,497 SF)
Zoning code CC
APN 132-45-015
UPID US07-1118248

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1038 Ml Ave Tempe, AZ 85281-5606
Tempe metro Census 319002 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$590k

Owner & transaction history

since 2024
Last sale
$590,000
6 recorded transactions
2024
Price N/A
2024
Price N/A
2014
Price N/A
2008
Price N/A
1997
$590,000
1996
$375,000

Zoning & alternative use

CC · Tempe, AZ
Zoning description

The CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by provi…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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