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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Drive through restaurants
4115 Anthem Way Anthem, AZ 85086-0441
Entity Owned
10-yr Hold
Free & Clear
Property ID
US07-1499193
Property summary
AI-generated overview
This exceptional 2,160 square foot restaurant space is available for lease in Phoenix, Arizona. Located at 4115 W Anthem Way, this single-tenant property sits on a 0.84-acre lot and boasts ample parking with 30 spaces. Built in 2004, the building is zoned C-2 PCD, making it ideal for a variety of restaurant concepts. The entire 2,160 square feet is currently vacant and ready for immediate occupancy. The property's location in Maricopa County offers excellent visibility and accessibility, providing a strong foundation for a thriving business. This is a rare opportunity to secure a well-situated, spacious restaurant space in a desirable Phoenix neighborhood. The property's size and ample parking make it suitable for a wide range of restaurant styles and sizes. The 0.84-acre lot provides potential for outdoor seating or expansion, subject to zoning regulations. Interested parties are encouraged to act quickly to secure this prime commercial real estate opportunity. The property is ready for immediate lease and offers a blank canvas for a new restaurant venture.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2004
Construction
STEEL FRAME
Total area
2,218 SF
Lot
0.84 ac (36,782 SF)
Zoning code
C-C
APN
203-03-989
UPID
US07-1499193
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.87M
Owner & transaction history
Jbj Dta LLC · 10 yrs held
Jbj Dta LLC
since 2016
3 recorded transactions
Zoning & alternative use
C-C · Anthem, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+40.8%
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 Anthem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anthem 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
$1,265,000
Current use
COMMERCIAL (GENERAL)
$1,780,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$843 / 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
$19,506
Tax year 2023
Assessed value
$228,031
Assessed 2024
Previous assessed
$196,299
+16.2% YoY
Effective rate
8.55%
On assessed value
Land market value
$713,800
Improvement market value
$668,205
Total market value
$1,382,005
Applied tax rate
971,300.0000
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
2004
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,218 SF
Lot
0.84 ac (36,782 SF)
Zoning code
C-C
APN
203-03-989
UPID
US07-1499193
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Anthem, AZZoning C-C · permitted uses
C-C · Anthem, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
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
2004
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Jbj Dta LLC
Entity
Free & Clear · 10 yrs held
Mailing address
45 HIGHWOOD RD, EAST NORWICH, NY 11732-1110
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
—
Jbj Dta LLC
—
Deed
related
$700,000 · First Savings Bank
May 27, 2016
$2,080,000
Jbj Dta LLC
Desert Orchid Invs LLC
Grant Deed
—
Sep 12, 2006
$1,550,000
Desert Orchid Investments LLC
Deltaco LLC
Grant Deed
—
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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