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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Drive through restaurants
1841 Greenfield Rd, Mesa, AZ 85206-3909
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-1250095
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2012
Construction
CONCRETE
Total area
4,331 SF
Lot
0.97 ac (42,428 SF)
Zoning code
C-G
APN
140-68-150
UPID
US07-1250095
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
-
Culver's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.82M
Owner & transaction history
Mesa Custard LLC · 14 yrs held
Mesa Custard LLC
since 2012
4 recorded transactions
Zoning & alternative use
C-G · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+0.3%
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 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
$2,770,000
Current use
COMMERCIAL (GENERAL)
$2,780,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±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
$881 / 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
$18,119
Tax year 2023
Assessed value
$419,855
Assessed 2024
Previous assessed
$363,460
+15.5% YoY
Effective rate
4.32%
On assessed value
Land market value
$920,700
Improvement market value
$1,623,873
Total market value
$2,544,573
Applied tax rate
411,000.0000
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
Off-Market
Year built
2012
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,331 SF
Lot
0.97 ac (42,428 SF)
Zoning code
C-G
APN
140-68-150
UPID
US07-1250095
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
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
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
2012
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Mesa Custard LLC
Entity
Mailing address
PO BOX 10, LAKE DELTON, WI 53940-0010
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Mesa Custard LLC
—
Deed
related
$2,560,000 · Sterling Bank
Jun 8, 2012
$655,000
Mesa Custard LLC
Lumberjack Capital LLC
Special Warranty Deed
$2,153,368 · Dba Bank Of Arizona
Jul 31, 2007
—
Lumberjack Capital LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Mesa Custard LLC
—
Deed Of Trust
related
$1,266,687 · Bank Of Arizona
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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