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Property profile & analytics
OFF-MARKET
Drive through restaurants
420 Southern Ave Phoenix, AZ 85040-3046
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-3306653
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2022
Total area
4,166 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C-1
APN
113-44-064M
UPID
US07-3306653
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rajen Patel · 1 yrs held
Rajen Patel
since 2024
Last sale
$172,500
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,322
Tax year 2022
Assessed value
$77,912
Assessed 2024
Previous assessed
$77,912
+0.0% YoY
Effective rate
1.70%
On assessed value
Land market value
$163,400
Improvement market value
$308,794
Total market value
$472,194
Applied tax rate
661,300.0000
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
2022
Heating
NONE
Stories
1
Total area
4,166 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C-1
APN
113-44-064M
UPID
US07-3306653
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZZoning C-1 · permitted uses
C-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Rajen Patel
Individual
Free & Clear · 1 yrs held
Mailing address
2451 W BIRCHWOOD AVE STE #108, MESA, AZ 85202-1066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
Rajen Patel
Dhan Management LLC
Quit Claim Deed
related
—
Feb 25, 2020
$172,500
Dhan Management LLC
Alejandro Salazar
Special Warranty Deed
$37,000 · Gateway Commercial Bank
Apr 18, 2019
—
Alejandro Salazar
Salazar,alex
Quit Claim Deed
related
—
Jan 25, 2011
—
Alex Salazar
Perez,ruth V
Quit Claim Deed
related
—
Apr 8, 2010
—
Ruth V Perez
Salazar,alejandro & Olga
Quit Claim Deed
related
—
Mar 2, 2006
$250,000
Alejandro Salazar
Sarder Family Trust
Warranty Deed
—
Apr 22, 2005
—
Pamela J Giffin
Giffin,michael
Quit Claim Deed
related
—
Apr 22, 2005
$172,000
Sarder Trust
Smith Gaylord Trust
Warranty Deed
—
Jan 22, 2004
—
Smith,gaylord Trust
Smith Gaylord Trust
Quit Claim Deed
related
—
Mar 31, 1999
—
Smith Trust
Smith,gaylord E & Barbara C
Quit Claim Deed
related
—
Apr 26, 1991
—
Gaylord E Smith
Pfisterer
Grant Deed
related
—
Sep 9, 1988
$60,000
Smith Gaylord
Holde
Grant Deed
—
—
—
Dhan Management LLC
—
Loan Modification
related
$650,390 · Gateway Com'l Bk
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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