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Property profile & analytics
FOR LEASE
Drive through restaurants
6762 E Main St Mesa, AZ 85205
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1194171
For Lease
1 / 2
$5,540,000
6762 E Main St, Mesa, AZ 85205
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1980
Construction
CONCRETE
Total area
2,945 SF
Lot
1.56 ac (67,806 SF)
Zoning code
LC
APN
141-58-158B
UPID
US07-1194171
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$5.54M
Owner & transaction history
Jcl Commercial LLC · 3 yrs held
Jcl Commercial LLC
since 2022
Last sale
$5.5M
6 recorded transactions
Zoning & alternative use
LC · 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
$5,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.54M
Range $4.99M – $6.09M · ±10% · vs last sale $5.50M (Oct 28 2022)
Last sale anchor
$5.50M
Oct 28 2022
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
$1,881 / 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
$25,455
Tax year 2023
Assessed value
$454,397
Assessed 2024
Previous assessed
$395,760
+14.8% YoY
Effective rate
5.60%
On assessed value
Land market value
$733,200
Improvement market value
$2,020,719
Total market value
$2,753,919
Applied tax rate
41,000.0000
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
For Lease
Year built
1980
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,945 SF
Lot
1.56 ac (67,806 SF)
Zoning code
LC
APN
141-58-158B
UPID
US07-1194171
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.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Jcl Commercial LLC
Entity
Mailing address
2345 E THOMAS RD STE #205, PHOENIX, AZ 85016-7818
Ownership since
2022
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
Oct 28, 2022
$5,500,000
Jcl Commercial LLC
Apache Square LLC
Special Warranty Deed
$3,450,000 · Washington Federal Bank
Jun 13, 2012
—
Apache Square LLC
Steffey Family Trust
Warranty Deed
—
Nov 16, 1999
—
Steffey Trust
Steffey,warren D & Lela G
Quit Claim Deed
related
—
Nov 25, 1997
$374,028
Warren D Steffey
Lawther Property Trust
Grant Deed
—
Jun 8, 1994
—
Lawther Trust
Lawther
Quit Claim Deed
related
—
Apr 29, 1993
—
Robert E Lawther
Lawther Trust
Quit Claim Deed
related
$675,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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