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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Drive through restaurants
5009 Arizona Mls Cir Tempe, AZ 85282-6401
Entity Owned
Free & Clear
Property ID
US07-1216832
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1999
Construction
STEEL FRAME
Total area
3,482 SF
Lot
1.45 ac (63,293 SF)
Zoning code
C-R
APN
123-25-061
UPID
US07-1216832
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
$3.16M
Blend (final)
Blend
$2.48M
Owner & transaction history
Lone Butte Assets LLC
Lone Butte Assets LLC
since 2026
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
C-R · Tempe, AZ
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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$2,425,000
Current use
AUTO REPAIR, GARAGE
$2,395,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±10% · vs last sale $2.00M (Feb 3 2026)
Last sale anchor
$2.00M
Feb 3 2026
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
$712 / 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
$39,059
Tax year 2023
Assessed value
$382,528
Assessed 2024
Previous assessed
$320,127
+19.5% YoY
Effective rate
10.21%
On assessed value
Land market value
$1,582,300
Improvement market value
$736,049
Total market value
$2,318,349
Applied tax rate
31,600.0000
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
1999
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,482 SF
Lot
1.45 ac (63,293 SF)
Zoning code
C-R
APN
123-25-061
UPID
US07-1216832
Jurisdiction
MARICOPA
Zoning & alternative use
C-R · Tempe, AZZoning C-R · permitted uses
C-R · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning and development code
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1999
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Lone Butte Assets LLC
Entity
Free & Clear · 0 yrs held
Mailing address
225 W WASHINGTON ST, INDIANAPOLIS, IN 46204-3435
Ownership since
2026
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
Feb 3, 2026
$2,000,000
Lone Butte Assets LLC
Arizona Mills Mall LLC
Special Warranty Deed
—
Sep 1, 2021
—
Arizona Mills Mall LLC
—
Deed
related
—
Jul 6, 2020
—
Arizona Mills Mall LLC
—
Deed
related
$175,000 · Wells Fargo Bk NA 2010-c2 (ce)
Jul 1, 2010
—
Arizona Mills Mall LLC
Arizona Mills LLC
Quit Claim Deed
related
$175,000,000 · Jp Morgan Chase Bk
—
—
Arizona Mills Mall LLC
—
Loan Modification
related
$175,000 · Wells Fargo Bk NA 2010-c2 (ce)
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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