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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Drive through restaurants
2030 Elliot Rd Tempe, AZ 85284-1764
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2321156
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2015
Construction
STEEL FRAME
Total area
4,316 SF
Lot
1.22 ac (53,162 SF)
Zoning code
I-1
APN
301-49-822
UPID
US07-2321156
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
-
Kneaders Bakery & Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.02M
Owner & transaction history
Tnsi Tempe LLC · 2 yrs held
Tnsi Tempe LLC
since 2023
Last sale
$3.1M
2 recorded transactions
Zoning & alternative use
I-1 · Tempe, 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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$2,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,010,000
Current use
AUTO REPAIR, GARAGE
$2,965,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $3.12M (Oct 30 2023)
Last sale anchor
$3.12M
Oct 30 2023
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
$699 / 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
$28,597
Tax year 2023
Assessed value
$568,388
Assessed 2024
Previous assessed
$496,944
+14.4% YoY
Effective rate
5.03%
On assessed value
Land market value
$1,754,300
Improvement market value
$1,690,476
Total market value
$3,444,776
Applied tax rate
281,600.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
4,316 SF
Lot
1.22 ac (53,162 SF)
Zoning code
I-1
APN
301-49-822
UPID
US07-2321156
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tempe, AZZoning I-1 · permitted uses
I-1 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning and development code
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Tnsi Tempe LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7547 E VISAO DR, SCOTTSDALE, AZ 85266-2749
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
—
Tnsi Tempe LLC
Pyong Kim Tong
Intrafamily Transfer
related
—
Oct 18, 2022
$3,120,000
Tnsi LLC
Mavin Capital Limited Liability Com
Special Warranty Deed
—
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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