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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Drive through restaurants
16547 Bell Rd Surprise, AZ 85374-9892
Trust Owned
6-yr Hold
Free & Clear
Property ID
US07-2275479
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Construction
STEEL FRAME
Total area
4,196 SF
Lot
1.13 ac (49,381 SF)
Zoning code
PAD
APN
501-12-945
UPID
US07-2275479
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
$3.58M
Blend (final)
Blend
$3.47M
Owner & transaction history
Smith,g & S Exemption Trust · 6 yrs held
Smith,g & S Exemption Trust
since 2020
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
PAD · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption of this ordinance. Existing PADs may have individual development standards, land uses , and densities that supersede the zoning standards co…
Zone name
Planned Area Development
General category
PLANNED_DEVELOPMENT
Zone area
42,500.99 ac
Source
municipal code
Top alternative use upside
Commercial (general)
$3.4M
+30.1%
Retail stores
$2.7M
+3.4%
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 Surprise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surprise 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
$3,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,590,000
Current use
COMMERCIAL (GENERAL)
$3,365,000
Change: +30% · Conversion: Easy
RETAIL STORES
$2,675,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $2.77M (Jul 21 2020)
Last sale anchor
$2.77M
Jul 21 2020
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
$827 / 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
$23,583
Tax year 2023
Assessed value
$459,567
Assessed 2024
Previous assessed
$428,094
+7.4% YoY
Effective rate
5.13%
On assessed value
Land market value
$1,629,800
Improvement market value
$1,155,453
Total market value
$2,785,253
Applied tax rate
891,503.0000
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
4,196 SF
Lot
1.13 ac (49,381 SF)
Zoning code
PAD
APN
501-12-945
UPID
US07-2275479
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Surprise, AZZoning PAD · permitted uses
PAD · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption of this ordinance. Existing PADs may have individual development standards, land uses , and densities that supersede the zoning standards contained within this ordinance . Any zoning standard contained within this ordinance shall apply that is not explicitly identified in a PAD. General references to zoning district s within previous city zoning codes shall follow the conversion chart listed in Table 106-1b of this chapter. D. Standards and regulations such as, but not limited to, lot size, building height , residential densities , and setbacks herein, assure compatibility of properties within a district; protect the quality of the environment from nuisances associated with certain uses or constructions; and provide adequate open space for privacy, light, air, connectivity, and green space. ( Ord. No. 2024-03 , § 1(Exh. A), 3-5-24)
Zone name
Planned Area Development
General category
PLANNED_DEVELOPMENT
Zone area
42,500.99 ac
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$2.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Smith,g & S Exemption Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 175, ALPINE, CA 91903-0175
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2020
—
Smith,g & S Exemption Trust
Smith Gary & Suzanne Trust
Quit Claim Deed
related
—
Nov 28, 2016
—
Gary D Smith
—
Deed
related
$900,000 · Capstar Bank
Feb 2, 2015
$2,767,600
Smith,gary & Suzanne T Trust
Bell Road & 303 LLC
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.
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