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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Drive through restaurants
3129 Mckellips Rd, Mesa, AZ 85213-3132
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3477171
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Construction
STEEL FRAME
Total area
1,974 SF
Lot
2.87 ac (124,964 SF)
Zoning code
LC
APN
141-14-007J
UPID
US07-3477171
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
-
480-830-7672 Restaurant
-
Hacienda De Rosa's Restaurante Restaurant
-
Oaks Heating And Cooling Mesa Hardware & Home Improvement General Contractor
-
LockSmithery Lock & Key Locksmith
-
Rancho de Tia Rosa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$1.70M
Owner & transaction history
Cypress Coast Foods LLC · 4 yrs held
Cypress Coast Foods LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+0.3%
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
$1,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,265,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.70M (Sep 28 2021)
Last sale anchor
$1.70M
Sep 28 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
$859 / 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
$36,358
Tax year 2023
Assessed value
$465,703
Assessed 2024
Previous assessed
$407,530
+14.3% YoY
Effective rate
7.81%
On assessed value
Land market value
$1,174,000
Improvement market value
$1,709,605
Total market value
$2,883,605
Applied tax rate
41,003.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Units
4
Total area
1,974 SF
Lot
2.87 ac (124,964 SF)
Zoning code
LC
APN
141-14-007J
UPID
US07-3477171
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Units
4
Lot
2.87 ac
Current owner
From public records · entity-resolved
Cypress Coast Foods LLC
Entity
Mailing address
1918 N ORACLE CIR, MESA, AZ 85203-2881
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$1,700,000
Cypress Coast Foods LLC
Jacienda El Dorado Ranches INC
Warranty Deed
$860,375 · Gateway Commercial Bank
Sep 28, 2021
—
Cypress Coast Fonds LLC
—
Deed
related
$172,000 · Hacienda El Dorado Ranches INC
Apr 13, 2017
$145,000
3450 N Higley LLC
Delos Dev LLC
Grant Deed
—
Oct 27, 2003
$2,700,000
Hacienda El Dorado Ranches INC
Sirrine,dennis & Lizabeth
Grant Deed
—
Jul 22, 1999
—
Mesa City (az)
Sirrine,dennis & Elizabeth
Grant Deed
related
—
Feb 2, 1999
—
Sirrine,dennis & Lizabeth
—
Grant Deed
related
$1,234,000 · National Bank Arizona
May 22, 1998
$250,000
Dennis Sirrine
Lewis Trust
Grant Deed
$200,000 · Seller
Dec 3, 1996
—
William,r & Wilma Lewis Trust
William R & Wilma M Lewis
Quit Claim Deed
related
—
Nov 20, 1995
—
William Lewis
William R & Wilma M Lewis
Quit Claim Deed
related
—
—
—
Dennis Sirrine
—
Deed Of Trust
related
—
—
—
Hacienda El Dorado Ranches INC
—
Deed Of Trust
related
$2,600,000 · Northern Tr
—
—
James W Lewis
—
Deed Of Trust
related
$370,000
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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