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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Turn key restaurants
2814 35th Ave, Phoenix, AZ 85009-1309
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-2659601
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
CONCRETE
Total area
6,990 SF
Lot
0.69 ac (30,000 SF)
Zoning code
A-1
APN
108-11-014B
UPID
US07-2659601
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
-
Los Portales Mexican Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.68M
Owner & transaction history
C Meltel LLC · 6 yrs held
C Meltel LLC
since 2020
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1.68M
Range $1.51M – $1.84M · ±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
$13,648
Tax year 2023
Assessed value
$161,773
Assessed 2024
Previous assessed
$161,773
+0.0% YoY
Effective rate
8.44%
On assessed value
Land market value
$220,500
Improvement market value
$759,943
Total market value
$980,443
Applied tax rate
51,300.0000
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
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
6,990 SF
Lot
0.69 ac (30,000 SF)
Zoning code
A-1
APN
108-11-014B
UPID
US07-2659601
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
C Meltel LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2814 N 35TH AVE, PHOENIX, AZ 85009-1309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
—
C Diamond Infra LLC
—
Deed
related
$665,000,000 · Deutsche Bank Trust Co Americas
Mar 31, 2020
—
C Meltel LLC
Meltel II Valentine LLC
Quit Claim Deed
related
—
Feb 11, 2015
$435,000
Sarkawt Shwani
Van Buren Properties LLC
Grant Deed
$235,000 · Van Buren Properties LLC
Jan 3, 2013
—
Van Buren Properties LLC
—
Deed Of Trust
related
$1,615,000 · Lewis Delbert R JR Tr (pt)
Dec 22, 2011
$3,800,000
Van Buren Properties LLC
Meyer,ronald W
Trustees Deed
—
Jan 13, 2011
—
Ar & Investments LLC
—
Deed Of Trust
related
$3,000,000 · Paul Buchheit
Apr 9, 2010
—
Hisham Hamid
Hamid,mazen H
Quit Claim Deed
related
—
Jan 29, 2010
—
Ar & Hh Investments LLC
—
Trustees Deed
related
$3,000,000 · Paul Buchheit
Nov 25, 2009
—
Mazen H Hamid
Hamid,hisham & Saed
Quit Claim Deed
related
—
Sep 10, 2007
—
City Of Phoenix
Hamid,hisham
Quit Claim Deed
related
—
Jan 7, 2000
—
Valley Youth Organizations INC
Arizona Swimming Gauchos INC
Quit Claim Deed
related
—
Nov 5, 1998
—
Phoenix National INC
Price,william
Grant Deed
related
—
Apr 28, 1998
—
Villa De Fidelis INC
Friends For Unicef
Quit Claim Deed
related
—
—
—
Hisham Hamid
—
Deed Of Trust
related
$3,000,000 · Paul Buchheit
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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