New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Turn key restaurants
1328 University Dr, Mesa, AZ 85201-5467
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0060481
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Construction
CONCRETE
Total area
6,056 SF
Lot
0.51 ac (22,346 SF)
Zoning code
C-G
APN
135-32-020D
UPID
US07-0060481
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
-
Arizona Talent Employment Agency
-
Express Storage Units Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.48M
Owner & transaction history
Sigma Green Lane INC · 2 yrs held
Sigma Green Lane INC
since 2024
7 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
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
$3,875,000
Current use
COMMERCIAL (GENERAL)
$3,710,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±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
$410 / 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
$8,948
Tax year 2023
Assessed value
$273,215
Assessed 2024
Previous assessed
$273,215
+0.0% YoY
Effective rate
3.28%
On assessed value
Land market value
$792,800
Improvement market value
$863,050
Total market value
$1,655,850
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,056 SF
Lot
0.51 ac (22,346 SF)
Zoning code
C-G
APN
135-32-020D
UPID
US07-0060481
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Sigma Green Lane INC
Entity
Free & Clear · 2 yrs held
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
Sigma Green Lane INC
Berenice Tapia
Re-recorded Document
related
—
Apr 24, 2024
$740,000
Berenice Tapia
Sonia James
Re-recorded Document
related
—
Mar 19, 2024
—
Sigma Green Lane INC
Berenice Tapia
Warranty Deed
—
Mar 11, 2024
$740,000
Berenice Tapia
Sonia James
Warranty Deed
—
Mar 11, 2024
—
Sonia James
Agustin Loza
Intrafamily Transfer
related
—
Feb 17, 2021
—
Sonia James
Agustin Loza
Intrafamily Transfer
related
—
Oct 18, 2017
—
Loza Agustin
James,sonia
Quit Claim Deed
related
—
Oct 13, 2017
$250,000
Sonia James
David Morgan Designs LLC
Warranty Deed
$150,000 · Brad A Gilbertson
Sep 22, 2017
$205,000
David Morgan Designs LLC
Cambridge Avenue Props LLC
Grant Deed
$140,000 · Rls Cap
Jun 5, 2017
—
Cambridge Avenue Props LLC
Jundef Moshe Trust
Warranty Deed
related
—
May 20, 2013
$177,000
Jundef,moshe Trust
Miceli,leonard
Warranty Deed
$107,000 · Leonard Miceli
Dec 4, 2012
$120,000
Leonard Miceli
Bank Of America NA
Warranty Deed
—
Oct 31, 2011
$112,300
Bank Of America
Ball,james B
Trustees Deed
related
—
Jun 30, 2004
$400,000
Everado Rubio
Ziede,tr
Grant Deed
$400,695 · Bank Of America
Feb 23, 2004
—
Ziede,tr
Ziede,frank & Ann
Quit Claim Deed
related
—
Aug 1, 1995
—
Frank Ziede
Peter Monsour
Quit Claim Deed
related
$420,000 · Bank One NA
Jun 4, 1993
$135,000
Peter T Monsour
Ziede
Grant Deed
—
Jun 2, 1993
$135,000
Frank Ziede
Citibank Arizona
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1328 University Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
