Property profile

2120 Southern Ave Mesa, AZ 85202

OFF-MARKET
Turn key restaurants
Property ID
US07-0968269
1,541 SF 0.49 ac lot Built 1977
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Construction CONCRETE
Total area 1,541 SF
Lot 0.49 ac (21,159 SF)
Zoning code LC
APN 134-42-228G
UPID US07-0968269

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
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

2120 Southern Ave Mesa, AZ 85202-4703
Mesa metro Census 422104 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
$867k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2023
Last sale
$850,000
7 recorded transactions
2023
$850,000
2020
$294,000
2019
Price N/A
2018
$2.8M
2013
$1.5M
2012
$1.8M
1997
$897,223

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) $990,000 +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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