Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Turn key restaurants
521 Mcdowell Rd Phoenix, AZ 85003-1216
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3280627
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1983
Construction
CONCRETE
Total area
2,660 SF
Lot
0.24 ac (10,391 SF)
Zoning code
C-DT
APN
111-31-103A
UPID
US07-3280627
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
-
Little O's 7th Ave Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.39M
Owner & transaction history
521 W Mcdowell Partners LLC · 1 yrs held
521 W Mcdowell Partners LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-DT · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+48.9%
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
$1,420,000
Current use
COMMERCIAL (GENERAL)
$2,115,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.57M (Dec 24 2024)
Last sale anchor
$1.57M
Dec 24 2024
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
$523 / 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
$9,567
Tax year 2023
Assessed value
$132,677
Assessed 2024
Previous assessed
$107,440
+23.5% YoY
Effective rate
7.21%
On assessed value
Land market value
$290,100
Improvement market value
$514,003
Total market value
$804,103
Applied tax rate
11,300.0000
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
1983
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,660 SF
Lot
0.24 ac (10,391 SF)
Zoning code
C-DT
APN
111-31-103A
UPID
US07-3280627
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Phoenix, AZ
Zoning C-DT · permitted uses
C-DT · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
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
1983
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
521 W Mcdowell Partners LLC
Entity
Mailing address
6700 E SAN JUAN AVE, PARADISE VALLEY, AZ 85253-5966
Ownership since
2025
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
Mar 24, 2025
$1,566,305
521 W Mcdowell Partners LLC
Impeccable Plaza LLC
Special Warranty Deed
—
Jan 4, 2022
$2,040,000
Impeccable Plaza LLC
5th & Mcdowell Partners LLC
Special Warranty Deed
$1,040,000 · First Fidelity Bank
Aug 21, 2017
—
5th And Mcdowell Partners LLC
Gocar Associates LP
Re-recorded Document
related
$450,000 · Bnc National Bank
Feb 4, 2004
$14,240
5th & Mcdowell Partners LLC
Nk Remainder Interest LLC
Quit Claim Deed
related
$285,750 · Biltmore Bank Of Arizona
Feb 4, 2004
$250,762
5th & Mcdowell Partners LLC
Gocar Associates
Grant Deed
—
Feb 9, 2000
$2,080
Nk Remainder Interest LLC
Herbrew Home For The Aged
Quit Claim Deed
related
—
—
—
5th & Mcdowell Partners LLC
—
Deed Of Trust
related
$458,750 · Biltmore Bank Of Arizona
—
—
5th & Mcdowell Partners LLC
—
Deed Of Trust
related
$600,000 · First Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 521 Mcdowell Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
