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Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Turn key restaurants
1475 Elliot Rd, Tempe, AZ 85284-1103
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-3439407
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
STEEL FRAME
Total area
5,164 SF
Lot
0.74 ac (32,409 SF)
Zoning code
C-C
APN
301-53-012P
UPID
US07-3439407
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
-
Oregano's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$3.72M
Owner & transaction history
Bdc Family Limited Partnership · 2 yrs held
Bdc Family Limited Partnership
since 2023
Last sale
$3.9M
6 recorded transactions
Zoning & alternative use
C-C · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,600,000
Current use
AUTO REPAIR, GARAGE
$3,550,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±10% · vs last sale $3.89M (Dec 20 2023)
Last sale anchor
$3.89M
Dec 20 2023
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
$719 / 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
$29,272
Tax year 2023
Assessed value
$296,822
Assessed 2024
Previous assessed
$261,630
+13.5% YoY
Effective rate
9.86%
On assessed value
Land market value
$993,300
Improvement market value
$805,620
Total market value
$1,798,920
Applied tax rate
281,600.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
5,164 SF
Lot
0.74 ac (32,409 SF)
Zoning code
C-C
APN
301-53-012P
UPID
US07-3439407
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Tempe, AZ
Zoning C-C · permitted uses
C-C · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Bdc Family Limited Partnership
Entity
Free & Clear · 2 yrs held
Mailing address
5000 OVERTON PLZ STE #300, FORT WORTH, TX 76109-4441
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$3,894,300
Bdc Family Limited Partnership
Simoncre Buddy V LLC
Special Warranty Deed
—
Mar 22, 2022
$15,062,583
Simoncre Buddy V LLC
Costo Plaza Property LLC
Special Warranty Deed
$12,400,000 · Academy Bank NA
Jan 11, 2022
$27,800,000
Costco Plaza Property LLC
Cp Center 05 E LLC
Special Warranty Deed
$17,000,000 · Tref III Costco Plaza Member LLC
Feb 4, 2016
—
Cp Center 05 A LLC
Cp Center 05 D LLC
Quit Claim Deed
—
Mar 29, 2006
$37,831,924
Cp Center 05 A LLC
Kimco Tempe Shopping Center Ll
Grant Deed
$30,208,000 · General Electric Capital Corp
Jun 24, 2004
$10
Kimo Tempe Shopping Ctr LLC
Centerpoint Associates LLP
Grant Deed
related
—
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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