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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Turn key restaurants
7121 6th Ave, Scottsdale, AZ 85251-3209
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0968067
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
CONCRETE
Total area
5,484 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C-DT
APN
173-42-022
UPID
US07-0968067
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
$2.51M
Blend (final)
Blend
$3.50M
Owner & transaction history
Levine Investments Limited Partners · 4 yrs held
Levine Investments Limited Partners
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
C-DT · Scottsdale, 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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
$3,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,930,000
Current use
RETAIL STORES
$3,280,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Oct 26 2021)
Last sale anchor
$3.50M
Oct 26 2021
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
$638 / 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
$10,241
Tax year 2023
Assessed value
$222,701
Assessed 2024
Previous assessed
$188,955
+17.9% YoY
Effective rate
4.60%
On assessed value
Land market value
$461,400
Improvement market value
$888,300
Total market value
$1,349,700
Applied tax rate
481,400.0000
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
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,484 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C-DT
APN
173-42-022
UPID
US07-0968067
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Scottsdale, AZ
Zoning C-DT · permitted uses
C-DT · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.9M
RETAIL STORES
Est. value
$3.3M
RESTAURANT Current
RETAIL STORES
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
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Levine Investments Limited Partners
Entity
Mailing address
2801 E CAMELBACK RD STE #450, PHOENIX, AZ 85016-4363
Ownership since
2021
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
Oct 26, 2021
$3,500,000
Levine Investments Limited Partners
Porterhouse Properties LLC
Special Warranty Deed
—
Oct 27, 2004
$1,290,000
Mastro Properties LLC
Peters,judy E
Grant Deed
$1,032,000 · First National Bank Arizona
Sep 27, 2004
—
Judy E Peters
Robert Douglas Ltd
Warranty Deed
related
—
Oct 10, 1996
$600,000
Judy E Peters
Sage Properties INC
Grant Deed
—
May 18, 1992
$227,000
Sage Properties Incoaulinegorpss
Rtc
Grant Deed
$110,000 · Mortgage Ltd
Dec 9, 1991
$218,400
Rtc
Funke
Grant Deed
—
Dec 1, 1987
—
Wolfswinkel Calv
—
Deed Of Trust
related
—
—
—
Mastro Properties LLC
—
Deed Of Trust
related
$1,000,000 · Comerica Bank
—
—
Mastro Properties LLC
—
Deed Of Trust
related
$3,500,000 · Comerica Bk
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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