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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Drive through restaurants
1633 Higley Rd Gilbert, AZ 85295-4712
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1830750
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2015
Construction
STEEL FRAME
Total area
3,557 SF
Lot
1.36 ac (59,140 SF)
Zoning code
NC
APN
304-39-016W
UPID
US07-1830750
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
-
Zoyo Neighborhood Yogurt Cafe & Coffee Shop Take-out & Catering
-
Dunkin' Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.51M
Owner & transaction history
Zigg Building LLC · 1 yrs held
Zigg Building LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
NC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Neighborhood Commercial zoning is intended for small commercial sites within or near residential neighborhoods. The emphasis of this zone is on uses that serve the daily needs of abutting neighbors. Uses permitted within NC tend to be limited to small scale and with minimal traffic, noise and sound impacts.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
209.65 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.9M
+46.1%
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 Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert 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
$2,380,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,955,000
Current use
COMMERCIAL (GENERAL)
$2,855,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,580,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10% · vs last sale $2.50M (Apr 15 2025)
Last sale anchor
$2.50M
Apr 15 2025
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
$706 / 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
$25,303
Tax year 2023
Assessed value
$461,512
Assessed 2024
Previous assessed
$435,166
+6.1% YoY
Effective rate
5.48%
On assessed value
Land market value
$1,555,000
Improvement market value
$1,242,045
Total market value
$2,797,045
Applied tax rate
600,605.0000
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
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,557 SF
Lot
1.36 ac (59,140 SF)
Zoning code
NC
APN
304-39-016W
UPID
US07-1830750
Jurisdiction
MARICOPA
Zoning & alternative use
NC · Gilbert, AZZoning NC · permitted uses
NC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Neighborhood Commercial zoning is intended for small commercial sites within or near residential neighborhoods. The emphasis of this zone is on uses that serve the daily needs of abutting neighbors. Uses permitted within NC tend to be limited to small scale and with minimal traffic, noise and sound impacts.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
209.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2015
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Zigg Building LLC
Entity
Mailing address
1911 MSN ST, SAN FRANCISCO, CA 94103-3404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$2,500,000
Zigg Building LLC
Paul D O'driscoll
Special Warranty Deed
$1,110,000 · Vantage West Cu
Sep 2, 2020
—
Paul D O'driscoll
—
Deed
related
$1,050,000 · Meriwest Cu
Feb 19, 2015
—
Paul D O'driscoll
Cpg Ray & Higley Retail LLC
Re-recorded Document
related
—
Jan 20, 2015
$2,080,000
Paul D O'driscoll
Cpg Ray & Higley Retail LLC
Special Warranty Deed
—
Mar 17, 2014
$650,000
Cpg Ray & Higley Retail LLC
Higley Court Partners LLC
Special Warranty Deed
$1,200,000 · First Scottsdale Bank National Asso
Feb 15, 2007
—
Higley Court Partners LLC
Rnh Dev LLC
Grant Deed
—
Sep 21, 2005
$829,164
Rnh Dev LLC
William Lyon Homes INC
Grant Deed
—
—
—
Highley Court Partners LLC
—
Deed Of Trust
related
$90,906 · Marc C Forsythe
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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