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Property profile & analytics
FOR LEASE
Drive through restaurants
1113 S Signal Butte Rd Mesa, AZ 85208
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2302972
For Lease
1 / 8
$610,000
1113 S Signal Butte Rd, Mesa, AZ 85208
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2021
Total area
2,154 SF
Lot
0.87 ac (37,864 SF)
Zoning code
C-G
APN
220-76-002V
UPID
US07-2302972
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
-
Dr. Stephen Vann, DDS Dental Office
-
Mackey Orrin L DDS Dental Office
-
Gentle Dental Dental Office
-
Dr. Bradford Kess, DDS Dental Office
-
Invincible Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Luihn Vantedge Partners LLC · 2 yrs held
Luihn Vantedge Partners LLC
since 2023
Last sale
$610,000
5 recorded transactions
Zoning & alternative use
C-G · Mesa, 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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
$605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $610k (Jan 15 2021)
Last sale anchor
$610k
Jan 15 2021
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
$283 / 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
$14,828
Tax year 2023
Assessed value
$224,118
Assessed 2024
Previous assessed
$191,573
+17.0% YoY
Effective rate
6.62%
On assessed value
Land market value
$507,100
Improvement market value
$851,189
Total market value
$1,358,289
Applied tax rate
41,000.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
2021
Heating
NONE
Stories
1
Total area
2,154 SF
Lot
0.87 ac (37,864 SF)
Zoning code
C-G
APN
220-76-002V
UPID
US07-2302972
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Mesa, AZ
Zoning C-G · permitted uses
C-G · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Luihn Vantedge Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
290 S ALMA SCHOOL RD STE #1, CHANDLER, AZ 85224-7633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 29, 2024
—
Luihn Vantedge Partners LLC
—
Deed
related
$406,500,000 · Citizens Bank NA
Jul 26, 2023
—
Luihn Vantedge Partners LLC
Casa De Jjm LLC
Lease
—
Jun 22, 2023
—
Anthem Iag LLC
Signal Butte & Southern LLC
Deed
related
—
Jul 22, 2022
$5,500,000
Anthem Iag LLC
Signal Butte & Southern LLC
Special Warranty Deed
$3,000,000 · Desert Financial Cu
Jan 15, 2021
$610,000
Casa De Jjm LLC
Signal Butte
Grant Deed
—
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
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