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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Drive through restaurants
2902 7th Ave Phoenix, AZ 85013-4103
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3275742
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2010
Construction
STEEL FRAME
Total area
1,972 SF
Lot
0.28 ac (12,063 SF)
Zoning code
C-N
APN
110-30-078
UPID
US07-3275742
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
-
KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.57M
Owner & transaction history
Serr Investments LLC · 6 yrs held
Serr Investments LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-N · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Commercial (general)
$1.4M
+30.4%
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
$1,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,055,000
Current use
COMMERCIAL (GENERAL)
$1,375,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.40M (Jul 1 2020)
Last sale anchor
$1.40M
Jul 1 2020
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
$796 / 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
$12,573
Tax year 2023
Assessed value
$207,123
Assessed 2024
Previous assessed
$162,231
+27.7% YoY
Effective rate
6.07%
On assessed value
Land market value
$724,500
Improvement market value
$530,789
Total market value
$1,255,289
Applied tax rate
81,300.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,972 SF
Lot
0.28 ac (12,063 SF)
Zoning code
C-N
APN
110-30-078
UPID
US07-3275742
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Phoenix, AZZoning C-N · permitted uses
C-N · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2010
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Serr Investments LLC
Entity
Mailing address
17154 BUTTE CRK RD, HOUSTON, TX 77090-2320
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$1,400,000
Serr Investments LLC
Karas Bros LLC
Grant Deed
—
May 26, 2009
$1,100,000
Karas Bros LLC
Lg7 LLC
Grant Deed
$600,000 · Investment Property Exchange
Mar 22, 2007
$450,000
Lg7 LLC
Bell Family Trust
Grant Deed
$300,000 · Geyser Jeffrey S Trust (tr)
Dec 23, 2005
—
Camp Turner Trust
Camp,turner
Quit Claim Deed
related
—
Dec 5, 2005
—
Turner Camp
Graham,mary C
Grant Deed
related
—
Dec 11, 2000
—
Bell Trust
Bell Trust
Quit Claim Deed
related
—
Nov 3, 1998
—
Homrighausen Trust
Homrighausen,phyllis
Quit Claim Deed
related
—
Feb 2, 1996
—
Bell Trust
Neva Bell
Quit Claim Deed
related
—
—
—
Karas Bros LLC
—
Deed Of Trust
related
$500,000 · Bank Of Hemet
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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