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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Turn key restaurants
21515 Vlg Loop N Rd Queen Creek, AZ 85142-8102
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1407029
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1986
Construction
STEEL FRAME
Total area
4,380 SF
Lot
2.7 ac (117,528 SF)
Zoning code
PRC
APN
304-65-279
UPID
US07-1407029
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
-
Las Colinas Golf Club Golf Course
-
Social Birdie...Brunch, Dinner, Cocktails, Games 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
$3.66M
Owner & transaction history
Moke Properties LLC · 4 yrs held
Moke Properties LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
PRC · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of PRC is to conserve and protect open space, washes, natural desert lands, wildlife habitats, and lands agreed to be left undeveloped through the plan approval process, The primary purpose of designating these areas is to raise the degree of assurance that such areas will remain open
Zone name
Parks Recreation And Conservation Zone District
General category
OPEN_SPACE
Zone area
1,688.18 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.5M
+40.8%
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 Queen Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queen Creek 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
$3,975,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,495,000
Current use
COMMERCIAL (GENERAL)
$3,515,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $3.50M (Feb 7 2022)
Last sale anchor
$3.50M
Feb 7 2022
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
$836 / 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
$14,818
Tax year 2023
Assessed value
$246,168
Assessed 2024
Previous assessed
$156,611
+57.2% YoY
Effective rate
6.02%
On assessed value
Land market value
$690,572
Improvement market value
$872,402
Total market value
$1,562,974
Applied tax rate
952,507.0000
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
1986
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
4,380 SF
Lot
2.7 ac (117,528 SF)
Zoning code
PRC
APN
304-65-279
UPID
US07-1407029
Jurisdiction
MARICOPA
Zoning & alternative use
PRC · Queen Creek, AZZoning PRC · permitted uses
PRC · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of PRC is to conserve and protect open space, washes, natural desert lands, wildlife habitats, and lands agreed to be left undeveloped through the plan approval process, The primary purpose of designating these areas is to raise the degree of assurance that such areas will remain open
Zone name
Parks Recreation And Conservation Zone District
General category
OPEN_SPACE
Zone area
1,688.18 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
2.7 ac
Current owner
From public records · entity-resolved
Moke Properties LLC
Entity
Mailing address
15016 N 49TH ST, SCOTTSDALE, AZ 85254-2206
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
—
Moke Properties LLC
—
Deed
related
$1,500,000 · Northwestern Bank NA
Aug 20, 2024
—
Moke Properties LLC
—
Deed
related
$830,000 · Four Seasons FCU
Mar 22, 2024
—
Moke Properties LLC
—
Deed
related
$650,000 · Northwestern Bank NA
May 30, 2023
—
Moke Properties LLC
—
Deed
related
$1,000,000 · Northwestern Bank NA
Feb 7, 2022
$3,504,640
Moke Properties LLC
Mainspring Golf LLC
Special Warranty Deed
$3,750,000 · Northwestern Bank NA
Feb 7, 2022
$2,895,000
Four Seasons Carwash Baxter LLC
Mainspring Golf LLC
Special Warranty Deed
—
Apr 13, 2018
—
Mainspring Golf LLC
—
Deed
related
$1,376,000 · Miscellaneous Ins Co
Feb 25, 2003
$2,815,620
Mainspring Golf LLC
Chuparos Associates LLC
Grant Deed
—
—
—
Mainspring Golf LLC
—
Deed Of Trust
related
$200,000 · Americo Fin'l Life & Annuity I
—
—
Mainspring Golf LLC
—
Loan Modification
related
$1,626,998 · Americo Fin'l Life & Annuity
—
—
Mainspring Golf LLC
—
Loan Modification
related
$1,623,624 · Americo Fin'l Life & Annuity
—
—
Mainspring Golf LLC
—
Loan Modification
related
$1,376,000 · Miscellaneous Ins Co
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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