Property profile

1860 Southern Ave Mesa, AZ 85202

OFF-MARKET
Drive through restaurants
Property ID
US07-2203670
1,975 SF 0.6 ac lot Built 1986
Individually Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Construction CONCRETE
Total area 1,975 SF
Lot 0.6 ac (26,244 SF)
Zoning code LC
APN 305-06-003A
UPID US07-2203670

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1860 Southern Ave Mesa, AZ 85202-4823
Mesa metro Census 422103 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.43M

Owner & transaction history

since 2005
2 recorded transactions
2005
$1.4M
2004
$1.2M

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.3M +0.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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