Property profile

825 48th St Tempe, AZ 85281

OFF-MARKET
Turn key restaurants
Property ID
US07-0936392
8,562 SF 1.72 ac lot Built 1980
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

A 9,276-square-foot retail property located near Sky Harbor International Airport, Downtown Tempe, and the Arizona State University campus. The site is positioned within the Phoenix metropolitan freeway system, providing access to I-10, SR 60, and the Loop 202, and is situated in an industrial-heavy submarket where retail amenities are limited.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Construction STEEL FRAME
Total area 8,562 SF
Lot 1.72 ac (74,791 SF)
Zoning code I-1
APN 124-56-050A
UPID US07-0936392

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant Take-out & Catering
  • Restaurant Take-out & Catering

Location

825 48th St Tempe, AZ 85281-5101
Tempe metro Census 319710 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$1.55M

Owner & transaction history

since 2024
Last sale
$1.6M
7 recorded transactions
2024
$1.6M
2013
$2.6M
1993
$1.1M
1993
$1.0M
1990
$1.3M
1988
Price N/A
1988
$69,929

Zoning & alternative use

I-1 · Tempe, AZ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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