Property profile

411 Ml Ave Tempe, AZ 85281

OFF-MARKET
Turn key restaurants
Property ID
US07-0879819
8,200 SF 0.07 ac lot Built 1964
Individually Owned 37-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction CONCRETE
Total area 8,200 SF
Lot 0.07 ac (3,026 SF)
Zoning code CC
APN 132-28-017
UPID US07-0879819

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Bar & Pub Nightclub
  • Cafe & Coffee Shop
  • Nightclub DJ & Entertainment
  • Hair Salon Nail Salon

Location

411 Ml Ave Tempe, AZ 85281-2843
Tempe metro Census 318700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.22M
Blend (final) Blend
$425k

Owner & transaction history

since 1988
2 recorded transactions
2016
Price N/A
1988
Price N/A

Zoning & alternative use

CC · Tempe, AZ
Zoning description

The CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by provi…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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