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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Turn key restaurants
8040 43rd Ave, Glendale, AZ 85302-6601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0113803
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
CONCRETE
Total area
7,343 SF
Lot
1.38 ac (60,026 SF)
Zoning code
C-C
APN
148-11-001W
UPID
US07-0113803
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
-
AZ Party Entertainment Theater & Performing Art Venue Music Venue
-
Chez Muchomante Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$2.31M
Owner & transaction history
Monarcas Reception Hall LLC · 2 yrs held
Monarcas Reception Hall LLC
since 2024
Last sale
$1.8M
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
$2,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $1.78M (Mar 28 2024)
Last sale anchor
$1.78M
Mar 28 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
$315 / 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
$15,367
Tax year 2023
Assessed value
$195,071
Assessed 2024
Previous assessed
$170,085
+14.7% YoY
Effective rate
7.88%
On assessed value
Land market value
$582,300
Improvement market value
$599,948
Total market value
$1,182,248
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 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
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,343 SF
Lot
1.38 ac (60,026 SF)
Zoning code
C-C
APN
148-11-001W
UPID
US07-0113803
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
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Monarcas Reception Hall LLC
Entity
Mailing address
3161 W CHERYL DR APT A16, PHOENIX, AZ 85051-2557
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$1,780,000
Monarcas Reception Hall LLC
Motherland Counseling LLC
Special Warranty Deed
$1,733,000 · Celtic Bank Corporation
Jun 28, 2023
$1,900,000
Motherland Couseling LLC
Gardenia Events LLC
Re-recorded Document
related
—
Jun 26, 2023
$1,900,000
Motherland Couseling LLC
Gardonia Events LLC
Warranty Deed
—
Jun 28, 2018
$700,000
Gardenia Events LLC
Las Brisas Hall LLC
Warranty Deed
$565,000 · Pinnacle Bank
Dec 20, 2016
$525,000
Las Brisas Hall LLC
Quantum Realty Ptrs LLC
Grant Deed
$290,000 · D & J Commercial LLC
Mar 26, 2015
$350,000
Quantum Realty Partners LLC
Martinez Margarita
Warranty Deed
$250,000 · Rls Cap
Jul 30, 2007
$1,100,000
Margarita Martinez
Seo Properties LLC
Grant Deed
—
Jul 30, 2007
—
Seo Properties LLC
Yoong,angie
Grant Deed
related
—
Jun 9, 2006
$1,100,000
Margarita Martinez
Seo Properties LLC
Joint Tenancy Deed
related
$935,000 · Us Bank NA
Feb 28, 2006
$815,000
Seo Properties LLC
Yoong,angie
Warranty Deed
$570,500 · Hanmi Bank
Feb 28, 2006
—
Angie N Voong
Voong,hung
Quit Claim Deed
related
—
Mar 3, 1999
—
Angie N Voong
Voong,angie N
Quit Claim Deed
related
—
Dec 21, 1998
$555,000
Angie N Voong
Taylor,donald D & Antonija M
Grant Deed
$450,406 · Seller
Dec 18, 1997
$500,000
Donald D Taylor
Hayil A Rabadi
Grant Deed
$325,000 · Hayil A Rabadi
Jan 25, 1996
$226,200
Hayil A Rabadi
Sc Arizona INC
Grant Deed
—
Aug 10, 1995
$200,000
Sc Arizona INC
K Sarkissian INC
Trustees Deed
—
Jul 24, 1991
$485,000
K Sarkissian INC
Signal Capital C
Grant Deed
$400,000 · Seller
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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