Property profile

1902 Higley Rd Mesa, AZ 85205

OFF-MARKET
Turn key restaurants
Property ID
US07-2671003
1,350 SF 0.17 ac lot Built 2006
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction CONCRETE
Total area 1,350 SF
Lot 0.17 ac (7,572 SF)
Zoning code I-1
APN 141-35-047
UPID US07-2671003

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

Location

1902 Higley Rd Mesa, AZ 85205-3306
Mesa metro Census 420215 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
$670k
Blend (final) Blend
$900k

Owner & transaction history

since 2021
Last sale
$900,000
3 recorded transactions
2021
$900,000
2008
$600,065
1969
Price N/A

Zoning & alternative use

I-1 · Mesa, AZ
Top alternative use upside
Commercial (general) $865,000 +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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