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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Drive through restaurants
4231 Dunlap Ave Phoenix, AZ 85051-3653
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0659527
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1974
Construction
CONCRETE
Total area
1,902 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-N
APN
150-14-006A
UPID
US07-0659527
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
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Toluca Lake LLC · 4 yrs held
Toluca Lake LLC
since 2022
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
C-N · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Commercial (general)
$1.3M
+30.4%
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
Method
Estimation
Statistic approach
$1,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,325,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $1.81M (Jun 15 2022)
Last sale anchor
$1.81M
Jun 15 2022
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
$962 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,658
Tax year 2022
Assessed value
$61,440
Assessed 2024
Previous assessed
$49,793
+23.4% YoY
Effective rate
10.84%
On assessed value
Land market value
$119,200
Improvement market value
$253,164
Total market value
$372,364
Applied tax rate
61,300.0000
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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,902 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-N
APN
150-14-006A
UPID
US07-0659527
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Phoenix, AZZoning C-N · permitted uses
C-N · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Toluca Lake LLC
Entity
Mailing address
23705 VANOWEN ST, WEST HILLS, CA 91307-3030
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Toluca Lake LLC
Toluca Lake 1 LLC
Intrafamily Transfer
related
$1,000,000 · American First Cu
Dec 17, 2021
$1,810,526
Toluca Lake 1 LLC
Pands LLC
Special Warranty Deed
—
Nov 16, 2020
$1,200,000
Pands LLC
Pbbd LLC
Warranty Deed
$1,000,000 · Pbbd LLC
Dec 18, 2009
$285,000
Pbbd LLC
Penner Maxwell & Angie Trust
Warranty Deed
$336,200 · Gregory Robert D Trust (pt)
May 24, 1993
—
Maxwell,& Angie Penner Trust
Penner
Quit Claim Deed
related
—
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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