3899 El Mercado Loop Sierra Vista, AZ 85635-5211
Property Lookup
Property profile & analytics
3899 El Mercado Loop Sierra Vista, AZ 85635-5211
- Commercial real estate
- 4,936 SF
Property ID
US07-1390268
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
- Applebee's Grill + Bar / Restaurant
Property Details for 3899 El Mercado Loop
- Year built
- 2003
- Construction
- STEEL FRAME
- Property size
- 4,936 SF
- Property type
- Commercial real estate
- APN
- 105-16-041C
- APU
- 10516041C
Description
This exceptional investment opportunity presents a fee-simple, absolute NNN ground lease for an Applebee's restaurant in Sierra Vista, Arizona. Located on a 1.79-acre lot at a high-traffic intersection (over 34,000 vehicles daily), this 5,100 square foot building boasts prime visibility on AZ Route 92. The property benefits from a 30-year lease (expiring 09/30/2033), with nine years remaining and a 10-year option. The lease includes rent bumps, with a significant increase scheduled for 2028. The tenant, RMH Franchise, is the second-largest Applebee's franchisee, operating 132 locations. The property's strong location, adjacent to The Mall at Sierra Vista and near major retailers, ensures consistent traffic and high visibility. The property's NOI is $150,000, with a 6.50% cap rate and an asking price of $2,307,692 ($452.49/sq ft). Built in 2003, this single-story building offers a passive investment opportunity with minimal landlord responsibilities, backed by a financially stable and experienced franchisee in a growing market with strong demographics (average household income exceeding $80,000 within a 5-mile radius). The property's historical performance demonstrates consistent profitability, making it an attractive investment for long-term growth. This is a truly passive, hands-off investment opportunity with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $735,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $515,000
- 6.5%
- $475,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $438,000
- AI Estimate
- $554,000
Market price range: $187k - $734kMarket price range: $313k - $864k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $440,000 Current use
- OFFICE BUILDING
- $740,000 Change: +69% Conversion: Easy
- RETAIL STORES
- $540,000 Change: +23% Conversion: Easy
- MEDICAL BUILDING
- $540,000 Change: +23% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sierra Vista
- County
- Cochise
- State
- Arizona
- Longitude
- -110.258
- Latitude
- 31.5323
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN 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
$11,319
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
