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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Turn key restaurants
1515 15th Ave Phoenix, AZ 85007-1850
Individually Owned
~
Est. High Equity
Property ID
US07-3376245
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
CONCRETE
Total area
3,815 SF
Lot
0.2 ac (8,632 SF)
Zoning code
C-N
APN
111-19-156
UPID
US07-3376245
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$915k
Owner & transaction history
Verd Iglesia
Verd Iglesia
since 2026
7 recorded transactions
Zoning & alternative use
C-N · 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
$915k
Range $824k – $1.01M · ±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
$240 / 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
$5,876
Tax year 2023
Assessed value
$75,947
Assessed 2024
Previous assessed
$60,860
+24.8% YoY
Effective rate
7.74%
On assessed value
Land market value
$212,500
Improvement market value
$247,783
Total market value
$460,283
Applied tax rate
11,300.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
3,815 SF
Lot
0.2 ac (8,632 SF)
Zoning code
C-N
APN
111-19-156
UPID
US07-3376245
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Phoenix, AZZoning C-N · permitted uses
C-N · 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
1940
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Verd Iglesia
Individual
Mailing address
1206 N LAUREL AVE, PHOENIX, AZ 85007-2022
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Verd Iglesia
Atlai Joaquin
Warranty Deed
—
Feb 21, 2025
—
Home Buyer Team LLC
Joaquin Atlai
Deed
—
Jun 2, 2011
$265,500
Joaquin Atlai
Macias,vidal B
Warranty Deed
—
May 27, 2004
—
Vidal B Macias
Osorio,jose R
Grant Deed
related
—
Mar 4, 1998
$140,000
Vidal B Macias
Osorio,jose R
Grant Deed
$68,000 · Mortgages Ltd
Dec 27, 1996
$100,000
Jose R Osorio
Buck S & Mayuree T Yee
Grant Deed
$70,000 · Mortgage Ltd
—
—
Vidal B Macias
—
Deed Of Trust
related
$121,000 · Interbay Funding LLC
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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