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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Turn key restaurants
4060 Arizona Ave, Chandler, AZ 85248-4590
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-3004373
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Construction
STEEL FRAME
Total area
6,332 SF
Lot
1.35 ac (58,997 SF)
Zoning code
PAD
APN
303-47-362
UPID
US07-3004373
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
-
Zipps Sports Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$3.10M
Owner & transaction history
Richmond-east Park I LLC · 10 yrs held
Richmond-east Park I LLC
since 2015
7 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+54.6%
Neighborhood: shopping center
$4.0M
+22.3%
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 Chandler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chandler 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
Alternative Use
Use
Estimation
RESTAURANT
$3,285,000
Current use
COMMERCIAL (GENERAL)
$5,080,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,020,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,860,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±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
$490 / 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
$27,059
Tax year 2023
Assessed value
$456,459
Assessed 2024
Previous assessed
$383,350
+19.1% YoY
Effective rate
5.93%
On assessed value
Land market value
$1,474,900
Improvement market value
$1,291,519
Total market value
$2,766,419
Applied tax rate
800,300.0000
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
2005
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
6,332 SF
Lot
1.35 ac (58,997 SF)
Zoning code
PAD
APN
303-47-362
UPID
US07-3004373
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$2.9M
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2005
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Richmond-east Park I LLC
Entity
Mailing address
PO BOX 1477, SHINGLE SPRINGS, CA 95682-1477
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2015
$2,350,000
Richmond-east Park I LLC
Dp201 LLC
Grant Deed
—
Mar 4, 2013
$1,431,978
Dp201 LLC
Dp89 LLC
Grant Deed
—
Jun 21, 2010
$966,000
Dp89 LLC
Pacific Wstrn Bk
Grant Deed
—
Feb 17, 2009
$1,695,829
Wstrn Bk Pacific
Saxton Robert W
Trustees Deed
related
—
Jul 1, 2008
—
Howard Weinhaus
Panopoulos,tom & Pamela
Quit Claim Deed
related
—
Sep 24, 2007
—
Howard Weinhaus
Weinhaus,howard
Quit Claim Deed
related
—
Aug 29, 2007
$3,320,000
Howard Weinhaus
Martin Capital LLC
Special Warranty Deed
$1,700,000 · Pacific Western National Bank
Jul 5, 2005
$900,000
Martin Capital LLC
Red Development Of Ocotill
Grant Deed
$1,299,000 · Albany Bank & Trust Co NA
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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