Technical
Financial
Distress signals
Property profile

1502 Thomas Rd Phoenix, AZ 85015

OFF-MARKET
Turn key restaurants
Property ID
US07-0938215
815 SF 0.12 ac lot Built 1978
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction STEEL FRAME
Total area 815 SF
Lot 0.12 ac (5,345 SF)
Zoning code C-N
APN 110-32-033
UPID US07-0938215

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
  • Cafe & Coffee Shop

Location

1502 Thomas Rd Phoenix, AZ 85015-6101
Phoenix metro Census 110400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$602k
Blend (final) Blend
$420k

Owner & transaction history

Zoning & alternative use

C-N · Phoenix, AZ
Top alternative use upside
Commercial (general) $570,000 +30.4%

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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