Property profile

15604 40th St Phoenix, AZ 85048

OFF-MARKET
Drive through restaurants
Property ID
US07-0345217
2,624 SF 0.84 ac lot Built 1994
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Construction STEEL FRAME
Total area 2,624 SF
Lot 0.84 ac (36,678 SF)
Zoning code PAD
APN 301-79-010F
UPID US07-0345217

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
  • Restaurant Take-out & Catering

Location

15604 40th St Phoenix, AZ 85048-8836
Phoenix metro Census 116713 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$2.13M

Owner & transaction history

since 2014
7 recorded transactions
2020
Price N/A
2014
Price N/A
2004
$495,000
2001
$1.1M
2001
$85,500
1992
Price N/A
1987
Price N/A

Zoning & alternative use

PAD · Phoenix, AZ
Top alternative use upside
Commercial (general) $1.8M +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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