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Property profile & analytics
OFF-MARKET Estimated value $3,085,000
Drive through restaurants

16657 83rd Ave Peoria, AZ 85382-5807

3,423 SF 1.93 ac lot Built 2004
Entity Owned 15-yr Hold Free & Clear
Property ID
US07-3289815
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2004
Construction STEEL FRAME
Total area 3,423 SF
Lot 1.93 ac (84,024 SF)
Zoning code PAD
APN 200-53-649
UPID US07-3289815
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
  • Chick-fil-A Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.14M
Blend (final) Blend
$3.09M
Owner & transaction history
Levine Investments LP · 15 yrs held
Levine Investments LP
since 2011
5 recorded transactions
2011
Price N/A
2009
Price N/A
2005
Price N/A
2004
$1.6M
1969
Price N/A
Zoning & alternative use
PAD · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 21-601. Planned Area Development (PAD). A. Intent. The Planned Area Development District (PAD) is intended to provide an alternative zoning district to the conventional zoning and development approaches and processes in the City of Peoria, Arizona in order that within this designated District the following goals may be achieved: 1. To enhance the City's…

Zone name Planned Area Development
General category INDUSTRIAL
Zone area 12,203.05 ac
Source Chapter 21 ZONING
Top alternative use upside
Retail stores $2.4M +22.1%
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