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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Drive through restaurants
12235 Cave Crk Rd Phoenix, AZ 85022-6509
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-1517804
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
STEEL FRAME
Total area
3,641 SF
Lot
0.83 ac (35,981 SF)
Zoning code
C-C
APN
166-14-037N
UPID
US07-1517804
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
-
Becker Tracy A Employment Agency
-
Cooper Dale L Employment Agency
-
Family Practice Physician-Az Medical Clinic
-
Dr. Mila Easapour Cheshani Pediatrician Physician
-
Dr. Julie C. Best, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$945k
Blend (final)
Blend
$870k
Owner & transaction history
Neso Group LLC · 8 yrs held
Neso Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
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
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$239 / 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
$11,759
Tax year 2023
Assessed value
$81,539
Assessed 2024
Previous assessed
$135,337
-39.8% YoY
Effective rate
14.42%
On assessed value
Land market value
$374,200
Improvement market value
$119,977
Total market value
$494,177
Applied tax rate
691,300.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,641 SF
Lot
0.83 ac (35,981 SF)
Zoning code
C-C
APN
166-14-037N
UPID
US07-1517804
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Neso Group LLC
Entity
Free & Clear · 8 yrs held
Mailing address
23052 ALICIA PKWY STE H, MISSION VIEJO, CA 92692-1661
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2017
$750,000
Neso Group LLC
Bews Cave Creek LLC
Grant Deed
—
Sep 12, 2016
—
Bews Cave Creek LLC
Bews Edward L Trust
Quit Claim Deed
related
—
Dec 7, 2015
—
Bews,edward L Survivors Trust
Bews & Smith Ptshp
Quit Claim Deed
related
—
Sep 24, 1990
$425,898
Bews & Smith Ltd
Bedelco INC
Trustees Deed
related
—
Sep 24, 1990
$369,052
Bews & Smith Ltd
Bedelco INC
Trustees Deed
related
—
Mar 16, 1990
—
Bews & Smith Ltd
Bedelco INC
Grant Deed
related
—
Dec 22, 1989
$992,710
Bedelco INC
—
Grant Deed
related
—
Dec 8, 1988
$758,000
M T K Corp
—
Deed Of Trust
related
—
Jun 1, 1988
$400,000
Tandel Internati
Hkm I
Trustees Deed
—
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.
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