New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,695,000
Drive through restaurants
7490 Glendale Ave, Glendale, AZ 85303-3000
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1168703
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Construction
STEEL FRAME
Total area
3,994 SF
Lot
1.15 ac (50,306 SF)
Zoning code
C-C
APN
143-26-006J
UPID
US07-1168703
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.78M
Blend (final)
Blend
$3.70M
Owner & transaction history
Walt Lemstra · 4 yrs held
Walt Lemstra
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C-C · Glendale, 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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
$3,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±10% · vs last sale $2.82M (Mar 23 2022)
Last sale anchor
$2.82M
Mar 23 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
$925 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,811
Tax year 2022
Assessed value
$308,378
Assessed 2024
Previous assessed
$255,442
+20.7% YoY
Effective rate
8.37%
On assessed value
Land market value
$613,600
Improvement market value
$1,255,356
Total market value
$1,868,956
Applied tax rate
400,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1998
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,994 SF
Lot
1.15 ac (50,306 SF)
Zoning code
C-C
APN
143-26-006J
UPID
US07-1168703
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Glendale, AZ
Zoning C-C · permitted uses
C-C · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Walt Lemstra
Individual
Mailing address
1983 CABERNET DR, TULARE, CA 93274-0838
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
—
Walt Lemstra
Walter Lemstra
Intrafamily Transfer
related
—
Jun 26, 2018
$2,815,000
Walter Lemstra
Barnett Krispin Properties LLC
Grant Deed
$1,550,000 · Miscellaneous Ins Co
Jan 13, 2017
—
Barnett Krispin Properties LLC
—
Deed Of Trust
related
$47,939,407 · Western Alliance Bk
May 10, 2013
—
Barnett Krispin Properties LLC
Barnett-gosnay LLC
Quit Claim Deed
related
—
May 26, 1998
$393,090
Barnett-gosnay LLC
Glendale Commercial LP
Grant Deed
$1,550,000 · Safeco Credit Company INC
—
—
Barnett Krispin Properties LLC
—
Deed Of Trust
related
$23,800,000 · Alliance Bank Of Arizona
—
—
Barnett Krispin Properties LLC
—
Deed Of Trust
related
$1,380,000 · Alliance Bank Of Arizona
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 7490 Glendale Ave?
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.
