Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3230 Thunderbird Rd Phoenix, AZ 85032-5375

    • Turn key restaurants
    • 3,771 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1158531
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The American Legion Pat Tillman Post 117 / Charitable Organization / Social Service Agency
    • Fresh Catering Solutions / Take-out & Catering / Catering Service

    Property Details for 3230 Thunderbird Rd

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    0.59 lot acres
    Property size
    3,771 SF
    Zone code
    C-C
    Property type
    Turn key restaurants
    APN
    214-61-207E
    APU
    21461207E

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $978,000
      Market price range: $979k - $3.12M
      AI Estimate
      $827,000
      Market price range: $828k - $2.99M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.012
    Latitude
    33.6119
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,971
    $0.00
    $0.00
    $84,309
    -
    $276,900
    $234,061
    $510,961

    Comparable in this City

    • Value Estimation
      $2,845,000
      6,115 SF

      4715 Cactus Rd

      RESTAURANT • 6,115 SF
      4715 Cactus Rd, Phoenix, AZ 85032-7725
      View Details
    • Value Estimation
      $3,430,000
      5,751 SF

      12660 Tatum Blvd

      RESTAURANT • 5,751 SF
      12660 Tatum Blvd, Phoenix, AZ 85032-7721
      View Details
    • Value Estimation
      $3,675,000
      13,867 SF

      4514 Cactus Rd

      RESTAURANT • 13,867 SF
      4514 Cactus Rd, Phoenix, AZ 85032-7702
      View Details
    • Value Estimation
      $955,000
      2,660 SF

      3128 Cactus Rd

      RESTAURANT • 2,660 SF
      3128 Cactus Rd, Phoenix, AZ 85032-7115
      View Details
    • Value Estimation
      $1,005,000
      2,100 SF

      15443 Cave Crk Rd

      RESTAURANT • 2,100 SF
      15443 Cave Crk Rd, Phoenix, AZ 85032-3618
      View Details
    • Value Estimation
      $4,150,000
      6,495 SF

      4731 Cactus Rd

      RESTAURANT • 6,495 SF
      4731 Cactus Rd, Phoenix, AZ 85032-7725
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,441 SF

      Freestanding Restaurant with Drive-Thru Potential

      Phoenix restaurant space for lease with drive-thru opportunity.
      4040 E Bell Rd, Phoenix, AZ 85032
      View Details
    • $595,000
      2,400 SF

      Free-Standing Retail Building For Sale

      2,400 SF retail building in high-traffic area.
      15046 N Cave Creek Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Retail Property with Service Bays

      Retail storefront with service bays, suitable for automotive businesses.
      17037 N Cave Creek Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Prime Phoenix Retail Anchor Space

      High-visibility anchor space in a rapidly evolving retail corridor.
      12645 N 48Th St, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      33,323 SF

      Greenway Road Retail Pad - Phoenix

      Prime Phoenix retail space, 33,323 SF.
      3202 Greenway Rd, Phoenix, AZ 85032
      View Details
    • $1,500,000
      2,692 SF

      Phoenix Retail with Automotive Zoning

      Turnkey retail opportunity with high visibility and strong demographics.
      4126 E Bell Rd, Phoenix, AZ 85032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      171,084 SF

      Tatum Point Retail Center

      Phoenix Shopping Center - Spaces Available
      0 Swc Tatum Blvd & Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      1,616 SF

      Adaptive Reuse Retail/Office Space

      Retail and office spaces available in adaptive reuse project.
      13802 N 32Nd St, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      5,750 SF

      Restaurant Space with Patio Available

      End cap restaurant space with patio, convenient freeway access.
      3343 W Greenway Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      840 SF

      Retail Space in Remodeled Center

      Retail property for lease in a newly remodeled shopping center.
      4217-4249 W Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      3,185 SF

      Retail Space in Phoenix Center

      Recently renovated retail space in a well-maintained, anchored shopping center.
      3131 E Thunderbird Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      3,435 SF

      Tatum Park Place Retail Space For Lease

      Prime Retail Space, High-Traffic Area
      0 Nwc Of Tatum Blvd And Greenway Rd, Phoenix, AZ 85032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3230 Thunderbird Rd
    Phoenix, AZ 85032-5375
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!