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Property profile & analytics
OFF-MARKET
Estimated value
$6,805,000
Turn key restaurants
270 Main St, Mesa, AZ 85201-7312
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1057336
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Construction
CONCRETE
Total area
5,373 SF
Lot
0.62 ac (26,854 SF)
Zoning code
C-O
APN
138-55-023A
UPID
US07-1057336
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
-
Ultimate Roofing Mesa Roofing Company General Contractor
-
il Vinaio 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
$6.81M
Owner & transaction history
Az Vivo Apartments LLC · 4 yrs held
Az Vivo Apartments LLC
since 2021
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
C-O · 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
Method
Estimation
Statistic approach
$6,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.81M
Range $6.12M – $7.49M · ±10% · vs last sale $6.80M (Dec 15 2021)
Last sale anchor
$6.80M
Dec 15 2021
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
$1,267 / 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
$10,452
Tax year 2023
Assessed value
$144,633
Assessed 2024
Previous assessed
$115,158
+25.6% YoY
Effective rate
7.23%
On assessed value
Land market value
$442,600
Improvement market value
$433,962
Total market value
$876,562
Applied tax rate
41,010.0000
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
1973
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,373 SF
Lot
0.62 ac (26,854 SF)
Zoning code
C-O
APN
138-55-023A
UPID
US07-1057336
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Mesa, AZ
Zoning C-O · permitted uses
C-O · 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
0.62 ac
Current owner
From public records · entity-resolved
Az Vivo Apartments LLC
Entity
Mailing address
1240 E 2100TH S STE #250, SALT LAKE CITY, UT 84106-2817
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
Dec 15, 2021
$18,600,000
Az Vivo Apartments LLC
Vivo Apts Owner LLC
Warranty Deed
related
$14,100,000 · Berkadia Commercial Mortgage LLC
Jun 23, 2020
$6,800,000
Vivo Apts Owner LLC
51 Street LLC
Warranty Deed
—
Aug 16, 2017
$5,000,000
51 Street LLC
Mesa Hotels LLC
Trustees Deed
$4,552,000 · Bank34
Jun 27, 2007
$220,198
Mesa Hotels LLC
Promt
Trustees Deed
$4,900,000 · Hanmi Bank
Jun 27, 2007
$586,389
Mesa Hotels LLC
Patterson Co LP LLP
Warranty Deed
—
Jun 27, 2007
$1,030,000
Mesa Hotels LLC
Walker David & Colleen Trust
Warranty Deed
—
Jan 6, 2003
—
Walker,tr
Promt LP
Grant Deed
related
—
May 3, 2002
$90,000
Walker Trust
Patterson Co LP
Grant Deed
—
Nov 3, 1998
—
Walker Trust
Walker,david D
Quit Claim Deed
related
—
Jul 20, 1992
—
David D Walker
Walker
Quit Claim Deed
related
—
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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