New search
Property profile & analytics
OFF-MARKET
Drive through restaurants
1940 Broadway Rd, Mesa, AZ 85204-2418
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0545731
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1973
Construction
CONCRETE
Total area
1,878 SF
Lot
0.33 ac (14,362 SF)
Zoning code
C-G
APN
138-02-114B
UPID
US07-0545731
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
-
Tacos Y Huaraches El Gordo #2 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Berenice Tapia Ron · 4 yrs held
Berenice Tapia Ron
since 2021
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
C-G · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,203
Tax year 2022
Assessed value
$83,566
Assessed 2024
Previous assessed
$72,199
+15.7% YoY
Effective rate
5.03%
On assessed value
Land market value
$266,300
Improvement market value
$240,163
Total market value
$506,463
Applied tax rate
41,000.0000
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
1973
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
1,878 SF
Lot
0.33 ac (14,362 SF)
Zoning code
C-G
APN
138-02-114B
UPID
US07-0545731
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.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Berenice Tapia Ron
Individual
Mailing address
4246 SHIRLEY AVE, LYNWOOD, CA 90262-2940
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$500,000
Berenice Tapia Ron
Marbos Real Estate LLC
Special Warranty Deed
—
Aug 5, 2010
$215,000
Marbos Real Estate LLC
First Cmnty Bk
Grant Deed
—
Feb 8, 2010
$197,190
Cmnty Bk First
Ridenour William G
Trustees Deed
related
—
May 23, 2008
—
Sergio R Gonzalez
Gfd Az Investments LLC
Warranty Deed
$390,000 · First Community Bank
Jul 11, 2007
$575,000
Gfd Az Investments LLC
Francisco Vasquez
Special Warranty Deed
$537,500 · Merchants Funding LLC
Apr 24, 2002
—
Francisco Vasquez
Vasquez,alma R
Quit Claim Deed
related
$243,750 · Camelback Community Bank
Sep 17, 1999
$300,000
Francisco Vasquez
Li,allen C & Amy S
Grant Deed
$134,791 · Individual
Jul 16, 1998
$41,300
Mesa City (az)
Li,allen C & Sue M
Grant Deed
—
Apr 30, 1998
—
Mary Van Dyke
Van Dyke,john
Quit Claim Deed
related
—
Apr 30, 1998
$205,000
Allen C Li
Van Dyke,mary
Grant Deed
$155,000 · Seller
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1940 Broadway Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
