Property profile

423 Ml Ave Tempe, AZ 85281

OFF-MARKET
Turn key restaurants
Property ID
US07-2933433
1,675 SF 0.08 ac lot Built 1955
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Construction CONCRETE
Total area 1,675 SF
Lot 0.08 ac (3,396 SF)
Zoning code C-C
APN 132-28-019B
UPID US07-2933433

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
  • Restaurant

Location

423 Ml Ave Tempe, AZ 85281-2839
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
$658k
Blend (final) Blend
$595k

Owner & transaction history

since 2019
5 recorded transactions
2019
$1.5M
2019
$1.7M
2008
$1.1M
2006
$1.0M
2006
Price N/A

Zoning & alternative use

C-C · Tempe, AZ

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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