Property profile

1840 Peoria Ave Phoenix, AZ 85029

OFF-MARKET
Drive through restaurants
Property ID
US07-3039325
1,800 SF 0.52 ac lot Built 1979
Entity Owned 22-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 1979
Construction CONCRETE
Total area 1,800 SF
Lot 0.52 ac (22,500 SF)
Zoning code C-C
APN 159-13-044B
UPID US07-3039325

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

Location

1840 Peoria Ave Phoenix, AZ 85029-5038
Phoenix metro Census 103615 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
$1.49M
Blend (final) Blend
$1.57M

Owner & transaction history

since 2004
1 recorded transaction
2004
$1.5M

Zoning & alternative use

C-C · Phoenix, AZ
Top alternative use upside
Commercial (general) $1.3M +30.4%
Office building $1.1M +17.7%

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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