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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Turn key restaurants
5838 Double Adobe Rd Mc Neal, AZ 85617
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0982704
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
CONCRETE
Total area
4,470 SF
Lot
9.58 ac (417,305 SF)
APN
103-88-002B
UPID
US07-0982704
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
-
The Thirsty Lizard Bar + Grill + Events Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$335k
Blend (final)
Blend
$505k
Owner & transaction history
David A Russell · 4 yrs held
David A Russell
since 2021
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
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 Mc Neal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mc Neal 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
$505,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$705,000
Current use
OFFICE BUILDING
$585,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $510k (Nov 1 2021)
Last sale anchor
$510k
Nov 1 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
$113 / 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
$3,494
Tax year 2023
Assessed value
$48,442
Assessed 2024
Previous assessed
$30,548
+58.6% YoY
Effective rate
7.21%
On assessed value
Assessed land
$3,927
Assessed improvement
$44,515
Land market value
$26,183
Improvement market value
$296,765
Total market value
$322,948
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1978
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
4,470 SF
Lot
9.58 ac (417,305 SF)
APN
103-88-002B
UPID
US07-0982704
Jurisdiction
COCHISE
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
RESTAURANT Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$585,000
RESTAURANT Current
OFFICE BUILDING
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
1978
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
9.58 ac
Current owner
From public records · entity-resolved
David A Russell
Individual
Mailing address
PO BOX 872, BISBEE, AZ 85603-0872
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
$510,000
David A Russell
Jane Cohen
Special Warranty Deed
$357,000 · Jane Cohen Etal
Jan 10, 2018
$77,500
Jane Cohen
Sfc Profit Sharing LLC
Grant Deed
—
Apr 5, 2017
—
Sfc Profit Sharing LLC
Chief Deputy Treasurer|miller,crystal
Tax Deed
related
—
Jan 20, 2011
$60,000
Crystal Miller
Murray,jim
Warranty Deed
$60,000 · Jim Murray
Jan 30, 2009
$173,312
Crystal Miller
Pioneer Title Agency INC
Trustees Deed
related
—
Jan 27, 2006
—
Jim Murray
Weber,mark
Warranty Deed
related
$150,000 · Crystal Miller
Oct 22, 2004
$237,500
Mark Weber
Mike Radonovich Trust
Warranty Deed
related
$137,500 · Radonovich Mike Trust
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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