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Property profile & analytics
OFF-MARKET
Estimated value
$21,940,000
Drive through restaurants
601 Central Ave Avondale, AZ 85323-1910
Entity Owned
~
Est. High Equity
Property ID
US07-1515912
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1977
Construction
CONCRETE
Total area
1,264 SF
Lot
0.49 ac (21,475 SF)
Zoning code
C-C
APN
500-18-034G
UPID
US07-1515912
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
-
Sonic Drive-In Restaurant Take-out & Catering
-
MAX Handyman Services - Drywall Framing Popcorn Ceiling Painting Crown Molding Wood Floors Installers Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.94M
Owner & transaction history
Corridor Living LLC
Corridor Living LLC
since 2026
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
C-C · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Avondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale 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
$21,815,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.94M
Range $19.75M – $24.13M · ±10% · vs last sale $22.00M (Mar 8 2022)
Last sale anchor
$22.00M
Mar 8 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
$17,358 / 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
$5,041
Tax year 2023
Assessed value
$76,805
Assessed 2024
Previous assessed
$76,805
+0.0% YoY
Effective rate
6.56%
On assessed value
Land market value
$224,100
Improvement market value
$241,384
Total market value
$465,484
Applied tax rate
440,100.0000
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,264 SF
Lot
0.49 ac (21,475 SF)
Zoning code
C-C
APN
500-18-034G
UPID
US07-1515912
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Avondale, AZ
Zoning C-C · permitted uses
C-C · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Corridor Living LLC
Entity
Mailing address
761 CHANTECLER DR, FREMONT, CA 94539-4915
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
$1,200,000
Corridor Living LLC
Blossom View Property LLC
Special Warranty Deed
$780,000 · Notre Dame Federal Credit Union
Mar 8, 2022
$22,000,000
601 Central Oz Owner LLC
Central Fillmore Dev 1 LLC
Special Warranty Deed
—
Oct 30, 2018
—
Blossom View Property LLC
Jay Shreeumiya Ent LLC
Grant Deed
$740,000 · Meriwest Cu
Apr 3, 2014
$1,127,500
Jay Shree Umiya Ents LLC
Kleppe,stephen D & S R Trust
Warranty Deed
$789,250 · Arizona St Cu
Mar 31, 2011
—
Kleppe Stephen D & S R Trust
Kleppe,stephen D & Shirley R
Quit Claim Deed
related
—
Oct 7, 1998
$80,000
Stephen D Kleppe
Gorges,matt F & Patricia
Grant Deed
—
Apr 7, 1998
—
Stephen D Kleppe
Pavelin Trust
Grant Deed
related
—
Feb 3, 1998
$105,000
Stephen D Kleppe
Pavelin Trust
Grant Deed
—
—
—
Kleppe Stephen D & S R Trust
—
Deed Of Trust
related
$525,000 · Pinnacle 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.
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