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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Drive through restaurants
741 Bell Rd Phoenix, AZ 85022-2684
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-0404476
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
CONCRETE
Total area
698 SF
Lot
0.44 ac (19,205 SF)
Zoning code
C-R
APN
214-16-234
UPID
US07-0404476
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
-
Eriberto's Mexican Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$565k
Owner & transaction history
Levine Investments LP · 15 yrs held
Levine Investments LP
since 2011
7 recorded transactions
Zoning & alternative use
C-R · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Commercial (general)
$485,000
+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
$375,000
Current use
COMMERCIAL (GENERAL)
$485,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$809 / 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
$6,593
Tax year 2023
Assessed value
$122,582
Assessed 2024
Previous assessed
$78,846
+55.5% YoY
Effective rate
5.38%
On assessed value
Land market value
$564,800
Improvement market value
$178,119
Total market value
$742,919
Applied tax rate
691,300.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
698 SF
Lot
0.44 ac (19,205 SF)
Zoning code
C-R
APN
214-16-234
UPID
US07-0404476
Jurisdiction
MARICOPA
Zoning & alternative use
C-R · Phoenix, AZZoning C-R · permitted uses
C-R · 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
$375,000
COMMERCIAL (GENERAL)
Est. value
$485,000
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
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Levine Investments LP
Entity
Mailing address
2801 E CAMELBACK RD STE #450, PHOENIX, AZ 85016-4363
Ownership since
2011
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
Jan 21, 2011
—
Levine Investments LP
Pacific Ground Leases I LLC
Grant Deed
—
Sep 29, 2004
—
Pacific Ground Leases I LLC
Levine Investments
Warranty Deed
related
—
Jul 19, 2001
$510,000
Levine Investments LP
Gwr Property & Mortgage Co INC
Grant Deed
—
Dec 11, 1998
$480,000
Gwr Property & Mortgage Co INC
Mcseventh C/f Venture LLC
Grant Deed
related
—
Oct 11, 1994
—
L L C Mcseventh
Mcseventh C/f Venture
Quit Claim Deed
related
—
Oct 7, 1993
—
Mcseventh C F Venture LLC
Mcseventh C F Ve
Quit Claim Deed
related
—
Nov 3, 1989
$423,000
C F V Mc Seventh
Kittleson
Grant Deed
—
Aug 10, 1988
$340,000
Kurt Kittleson
K-mar
Grant Deed
—
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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