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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Turn key restaurants
512 Beeline Hwy, Payson, AZ 85541-3702
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0038438
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
STEEL FRAME
Total area
2,860 SF
Lot
0.37 ac (16,117 SF)
APN
302-64-023A
UPID
US07-0038438
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
-
Farm Bureau Financial Services: Duane Ridl Insurance Agency
-
Gila County Community Action Program Government Office
-
Payson Jewelry & Coin (Bike/Boat/Book/etc) Store
-
microblading Payson Am Smart Woman Medical Clinic Skin Care Clinic
-
K Sushi Bar and Grill - Payson, AZ Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Denny Kang · 4 yrs held
Denny Kang
since 2021
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$540,000
+88.4%
Office building
$490,000
+70.7%
Auto repair, garage
$425,000
+47.5%
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 Payson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Payson 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
$595,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: +71% · Conversion: Moderate
AUTO REPAIR, GARAGE
$425,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Sep 3 2021)
Last sale anchor
$600k
Sep 3 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
$210 / 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
$5,525
Tax year 2023
Assessed value
$52,249
Assessed 2024
Previous assessed
$46,485
+12.4% YoY
Effective rate
10.57%
On assessed value
Assessed land
$11,415
Assessed improvement
$40,834
Land market value
$63,416
Improvement market value
$226,856
Total market value
$290,272
Applied tax rate
1,053.0000
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
1995
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,860 SF
Lot
0.37 ac (16,117 SF)
APN
302-64-023A
UPID
US07-0038438
Jurisdiction
GILA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$540,000
OFFICE BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$425,000
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1995
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Denny Kang
Individual
Mailing address
12405 N 53RD DR, GLENDALE, AZ 85304-1963
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$600,000
Denny Kang
Azital Three LLC
Special Warranty Deed
$510,000 · Community Valley Bank
Jun 23, 2017
—
Azital Three LLC
—
Deed
related
$300,000 · Fielding Synnove L Trust (pt)
Oct 13, 2006
$1,000,000
Azital Three LLC
Morano,tommy & Donna M
Grant Deed
—
Feb 17, 1998
$400,000
Beth Carollo
Paluch,anthony & Gwen
Grant Deed
$45,826 · Seller
—
—
Azital Three LLC
—
Deed Of Trust
related
$300,000 · Fielding Synnove L Trust (pt)
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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