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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Turn key restaurants
940 54th St, Chandler, AZ 85226-1501
Entity Owned
11-yr Hold
Free & Clear
Property ID
US07-3170953
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
CONCRETE
Total area
5,402 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PAD
APN
301-84-202
UPID
US07-3170953
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
-
MegaFit Gym & Fitness Center
-
Bisbee Breakfast Club Chandler Restaurant
-
V's Barbershop - Chandler Pavillions Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.07M
Owner & transaction history
Pavilion Holdings LLC · 11 yrs held
Pavilion Holdings LLC
since 2015
5 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+54.6%
Neighborhood: shopping center
$3.4M
+22.3%
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 Chandler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chandler 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
$2,805,000
Current use
COMMERCIAL (GENERAL)
$4,335,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,430,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±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
$753 / 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
$36,393
Tax year 2023
Assessed value
$700,577
Assessed 2024
Previous assessed
$616,607
+13.6% YoY
Effective rate
5.19%
On assessed value
Land market value
$2,231,200
Improvement market value
$2,014,720
Total market value
$4,245,920
Applied tax rate
280,300.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
5,402 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PAD
APN
301-84-202
UPID
US07-3170953
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
1.97 ac
Current owner
From public records · entity-resolved
Pavilion Holdings LLC
Entity
Free & Clear · 11 yrs held
Mailing address
6807 N PEPPER TREE LN, PARADISE VALLEY, AZ 85253-3346
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2015
—
Pavilion Holdings LLC
Tnt Boys LLC
Warranty Deed
related
—
Aug 14, 2014
$7,290,833
Tnt Boys LLC
Cph 46 LLC
Grant Deed
—
Jul 31, 2014
—
Cph 46 LLC
Pavilion Holdings LLC
Warranty Deed
related
—
Jun 7, 2012
—
Pavilion Holdings LLC
Ray/i-10 Jv
Grant Deed
related
—
Feb 2, 1999
—
Pavilion Holdings LLC
Ray/i-10 Joint Venture
Grant Deed
related
—
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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