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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Bars & Pubs
9032 Central Ave Phoenix, AZ 85042-8304
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0022035
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1960
Construction
CONCRETE
Total area
3,912 SF
Lot
0.26 ac (11,238 SF)
Zoning code
C-C
APN
300-45-014D
UPID
US07-0022035
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
$1.02M
Blend (final)
Blend
$935k
Owner & transaction history
Socorro Cervantes Arreola · 6 yrs held
Socorro Cervantes Arreola
since 2019
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, 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 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
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$239 / 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
$4,236
Tax year 2022
Assessed value
$52,437
Assessed 2024
Previous assessed
$43,265
+21.2% YoY
Effective rate
8.08%
On assessed value
Land market value
$92,900
Improvement market value
$224,900
Total market value
$317,800
Applied tax rate
661,300.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
3,912 SF
Lot
0.26 ac (11,238 SF)
Zoning code
C-C
APN
300-45-014D
UPID
US07-0022035
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZ
Zoning C-C · permitted uses
C-C · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Socorro Cervantes Arreola
Individual
Mailing address
517 W WESTERN AVE, AVONDALE, AZ 85323-2226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2019
$365,000
Socorro Cervantes Arreola
House Of Gas
Warranty Deed
$258,850 · Odore Freeman
Oct 10, 2019
—
House Of Gas
Somo Central Bistro
Warranty Deed
related
—
Nov 14, 2018
$355,000
House Of Gas
Somo Central Bistro LLC
Re-recorded Document
related
—
Apr 18, 2018
$355,000
House Of Gas
Somo Central Bistro LLC
Land Contract
$237,750 · Somo Central Bistro LLC
Apr 18, 2018
—
Somo Central Bistro LLC
—
Deed
related
$160,000 · Pinnacle Phx LLC
Aug 20, 2015
—
Somo Food & Beverage LLC
Erem LLC
Special Warranty Deed
—
Jun 17, 2015
$175,001
Erem LLC
Empire West Title Agcy Ll|la Cucina Italiana LLC
Trustees Deed
—
Apr 2, 2010
$360,000
Lacucina Italiana LLC
Franklin Mtg Co
Grant Deed
$340,000 · Franklin Mortgage
Feb 5, 2009
$320,000
Franklin Mtg Co
Phoenix Settlement Svcs L
Trustees Deed
related
—
Apr 5, 2005
$450,000
Francis F Duckworth
Mcewen,john O
Warranty Deed
$260,000 · Franklin Mortgage
Feb 8, 2005
$140,000
John O Mcewen
Jenkins,lashawn D
Trustees Deed
—
Jun 2, 2004
$460,000
Bag End Properties LLC
Mcewen,john O & Rosemary
Grant Deed
$253,000 · Interbay Funding LLC
May 6, 2002
—
John O Mcewen
Mcewen,john O
Quit Claim Deed
related
—
May 17, 2001
—
Ardis Price
Price,john
Quit Claim Deed
related
—
Jan 19, 1995
$60,000
John O Mcewen
Price
Grant Deed
$50,000 · Seller
Jul 2, 1992
$60,000
Smythe,jerry B & Ureena M Traci
Price
Trustees Deed
$20,000
Jul 2, 1992
—
John Price
Price
Quit Claim Deed
related
—
—
—
Somo Central Bistro LLC
—
Loan Modification
related
$160,000 · Pinnacle Phx LLC
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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