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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Drive through restaurants
1410 University Dr Tempe, AZ 85281-3226
Trust Owned
30-yr Hold
~
Est. High Equity
Property ID
US07-1069498
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1991
Construction
STEEL FRAME
Total area
1,096 SF
Lot
0.56 ac (24,481 SF)
Zoning code
C-G
APN
124-72-200C
UPID
US07-1069498
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
-
Rally's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$640k
Owner & transaction history
Reahm Family Trust · 30 yrs held
Reahm Family Trust
since 1996
5 recorded transactions
Zoning & alternative use
C-G · Tempe, 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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$765,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$584 / 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
$8,878
Tax year 2023
Assessed value
$82,896
Assessed 2024
Previous assessed
$72,760
+13.9% YoY
Effective rate
10.71%
On assessed value
Land market value
$203,600
Improvement market value
$298,800
Total market value
$502,400
Applied tax rate
31,600.0000
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
1,096 SF
Lot
0.56 ac (24,481 SF)
Zoning code
C-G
APN
124-72-200C
UPID
US07-1069498
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Tempe, AZZoning C-G · permitted uses
C-G · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning and development code
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Reahm Family Trust
Trust
Mailing address
1506 SMT AVE, CARDIFF BY THE SEA, CA 92007-2434
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 1996
$565,000
Reahm Family Trust
Chandler
Grant Deed
$175,000 · Seller
Jun 22, 1995
—
Chandler
Seymour B Joseph III
Quit Claim Deed
related
—
Dec 3, 1992
—
Seymour B Joseph III
Joseph
Quit Claim Deed
related
—
May 23, 1991
—
Seymour B Joseph
Chandler
Grant Deed
related
—
Jan 31, 1990
$315,000
Chandler
Cdc Prop
Grant Deed
$250,000 · Founders Bank Of Arizona
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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