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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Turn key restaurants
4308 Main St, Mesa, AZ 85205-8606
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-2673325
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
CONCRETE
Total area
10,191 SF
Lot
1.02 ac (44,371 SF)
Zoning code
C-C
APN
140-19-008H
UPID
US07-2673325
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
-
Midwestern Meats Take-out & Catering Butcher
-
The Venue At Midwestern Meats Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.33M
Owner & transaction history
Ribeye Realty LLC · 2 yrs held
Ribeye Realty LLC
since 2023
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
C-C · 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
$2,375,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.00M (Jul 24 2023)
Last sale anchor
$2.00M
Jul 24 2023
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
$228 / 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
$20,463
Tax year 2023
Assessed value
$276,548
Assessed 2024
Previous assessed
$276,548
+0.0% YoY
Effective rate
7.40%
On assessed value
Land market value
$433,800
Improvement market value
$1,242,248
Total market value
$1,676,048
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,191 SF
Lot
1.02 ac (44,371 SF)
Zoning code
C-C
APN
140-19-008H
UPID
US07-2673325
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Mesa, AZ
Zoning C-C · permitted uses
C-C · 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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Ribeye Realty LLC
Entity
Mailing address
4055 E VEST AVE, GILBERT, AZ 85295-6141
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
$2,000,000
Ribeye Realty LLC
R&s Mcconnell LLC
Special Warranty Deed
$2,000,000 · R&s Mcconnell LLC
Apr 30, 2021
—
R & S Mcconnell LLC
L & R Meats Limited
Warranty Deed
$430,000 · Wells Fargo Bank NA
—
—
L & R Meats Ltd
—
Deed Of Trust
related
$536,000 · Meridian Bank
—
—
L & R Meats Ltd
—
Deed Of Trust
related
$170,000 · Meridian Bank
—
—
L & R Meats Ltd
—
Deed Of Trust
related
$75,000 · Meridian Bank
—
—
L & R Meats Ltd
—
Deed Of Trust
related
$75,000 · Meridian Bank
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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