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Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Turn key restaurants
4433 16th St Phoenix, AZ 85016-5339
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2292892
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2015
Construction
STEEL FRAME
Total area
6,523 SF
Lot
0.74 ac (32,406 SF)
Zoning code
C-C
APN
163-27-191
UPID
US07-2292892
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
-
Miracle Mile Deli Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.73M
Owner & transaction history
3gs Deli LLC · 12 yrs held
3gs Deli LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Commercial (general)
$4.5M
+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
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
$3,485,000
Current use
COMMERCIAL (GENERAL)
$4,545,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±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
$571 / 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
$42,017
Tax year 2023
Assessed value
$406,652
Assessed 2024
Previous assessed
$340,850
+19.3% YoY
Effective rate
10.33%
On assessed value
Land market value
$850,700
Improvement market value
$1,613,857
Total market value
$2,464,557
Applied tax rate
381,300.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
6,523 SF
Lot
0.74 ac (32,406 SF)
Zoning code
C-C
APN
163-27-191
UPID
US07-2292892
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · 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
RESTAURANT Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.5M
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
2015
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
3gs Deli LLC
Entity
Free & Clear · 12 yrs held
Mailing address
6642 N 29TH PL, PHOENIX, AZ 85016-8955
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2020
—
3 G Deli LLC
—
Deed
related
$1,575,000 · Jpmorgan Chase Bank NA
Dec 11, 2014
—
3 Gs Deli LLC
—
Grant Deed
related
$2,000,000 · Alerus Fin'l
Mar 19, 2014
$950,000
3gs Deli LLC
Edmi Investments LLC
Warranty Deed
—
Jul 12, 2013
$430,000
Edmi Investments LLC
Paradigm Change Group INC
Warranty Deed
$350,000 · Michel Z Shaker
Jun 6, 2013
$400,001
Michel Shaker
Folks & Oconnor PLLC|pepe Motorsports INC
Trustees Deed
—
—
—
Pepe Motorsports INC
—
Deed Of Trust
related
$75,000 · Towne Bk/az
—
—
Pepe Motorsports INC
—
Deed Of Trust
related
$459,900 · Towne Bk/az
—
—
Pepe Motorsports INC
—
Deed Of Trust
related
$100,000 · Towne Bk/az
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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