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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Turn key restaurants
1950 Williams Fld Rd, Gilbert, AZ 85295-5302
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-1267459
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2021
Total area
10,948 SF
Lot
2.01 ac (87,486 SF)
Zoning code
R-3
APN
304-41-949F
UPID
US07-1267459
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
-
San Tan Village Shopping Center & Mall
-
North Italia Restaurant
-
Flower Child 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
$2.22M
Owner & transaction history
Li Santan Square LLC · 3 yrs held
Li Santan Square LLC
since 2023
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
R-3 · Gilbert, 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 Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert 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
$2,480,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.09M (Mar 13 2023)
Last sale anchor
$2.09M
Mar 13 2023
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
$202 / 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
$47,649
Tax year 2023
Assessed value
$1,019,050
Assessed 2024
Previous assessed
$1,019,050
+0.0% YoY
Effective rate
4.68%
On assessed value
Land market value
$2,449,600
Improvement market value
$3,726,463
Total market value
$6,176,063
Applied tax rate
410,609.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Total area
10,948 SF
Lot
2.01 ac (87,486 SF)
Zoning code
R-3
APN
304-41-949F
UPID
US07-1267459
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZ
Zoning R-3 · permitted uses
R-3 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilbert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Li Santan Square LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3850 E BASELINE RD STE #114, MESA, AZ 85206-4403
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
$2,086,408
Li Santan Square LLC
Wa Santan Square LLC
Warranty Deed
—
Jul 14, 2022
$3,885,000
Li Santan Square LLC
Santan Development Group INC
Special Warranty Deed
$5,980,000 · First International Bank & Trust
Jul 14, 2022
$1,533,881
Wa Santan Square LLC
Santan Development Group INC
Special Warranty Deed
—
Jul 14, 2022
$2,682,500
Landmark Property Holdings LLC
Santan Development Group INC
Special Warranty Deed
—
Feb 8, 2022
$1,153,568
Lg Stv LLC
Santan Development Group INC
Special Warranty 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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