24988 Ellsworth Rd Queen Creek, AZ 85142-7474
Property profile & analytics
24988 Ellsworth Rd Queen Creek, AZ 85142-7474
- Auto shops
- 2,808 SF
- 0.90 lot acres
Property ID
US07-2224904
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Auto shops
Property Details for 24988 Ellsworth Rd
- Year built
- 2023
- Lot size
- 0.90 lot acres
- Property size
- 2,808 SF
- Property type
- Auto shops
- APN
- 314-02-913
- APU
- 31402913
Description
This exceptional investment opportunity presents a 1,405 square foot, free-standing Take 5 Oil Change located in Queen Creek, Arizona. Built in 2023, this property boasts a 14-year remaining lease term with two 5-year options and one 4-year + 11-month option, all with a 10% rent increase every five years. The absolute NNN lease provides a landlord with zero responsibilities, secured by a corporate guarantee from Driven Brands (NASDAQ: DRVN), a company with over $2.32 billion in annual revenue. The property sits on a 0.9-acre lot and enjoys exceptional visibility, with over 65,000 vehicles passing daily. Its prime location is adjacent to numerous high-traffic businesses, including Fry's Marketplace, Fat Cats, and EOS Fitness, and is surrounded by a dense residential area with nearly 150,000 residents within a 5-mile radius, and significant future residential development planned. The average household income within a 1-mile radius exceeds $165,000. The property generates a Net Operating Income (NOI) of $80,000, representing a 5.00% cap rate and a current asking price of $1,600,000. This is a below-market ground lease, offering significant long-term upside potential in one of Arizona's fastest-growing areas. The property's APN is 314-02-913. The address is 24988 S Ellsworth Rd, Queen Creek, AZ 85142.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,450,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,006,000
- AI Estimate
- $1,909,000
Market price range: $612k - $2.09MMarket price range: $537k - $2.04M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,245,000 Current use
- COMMERCIAL (GENERAL)
- $2,255,000 Change: +81% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Queen Creek
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.635
- Latitude
- 33.2216
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,902
$0.00
$0.00
$195,862
-
$690,400
$496,640
$1,187,040
