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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Turn key restaurants
7000 Main St Mesa, AZ 85207-8212
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1109790
Property summary
AI-generated overview
This exceptional investment opportunity presents a 6,598 square foot restaurant located at 7000 E. Main St, Mesa, Arizona, in Maricopa County (APN 218-13-001K). The property boasts a strong 7.00% cap rate and approximately 4.5 years remaining on the current lease, expiring December 31st, 2028. Priced at $2,266,415 ($343.44/sq ft), this retail property sits on a 1.1-acre lot and includes 63 parking spaces. Key features include prominent Main Street frontage, a large independent monument sign, a front patio, and an enclosed back patio. The interior offers two large multi-stall restrooms, multiple walk-in coolers, and dedicated food preparation areas. This well-positioned, leased restaurant presents a compelling investment opportunity with significant upside potential. The property's excellent location and strong tenant lease provide a secure and profitable investment for discerning buyers. This is a turnkey operation with established infrastructure and a proven track record. Don't miss this chance to acquire a high-performing asset in a thriving market.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
CONCRETE
Total area
6,598 SF
Lot
1.15 ac (50,218 SF)
Zoning code
C-G
APN
218-13-001K
UPID
US07-1109790
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
-
Elizabeth's Event Venue Wedding Service
-
Bellagio Plaza East Mesa Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.69M
Owner & transaction history
Html 423e LLC · 3 yrs held
Html 423e LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-G · 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
$1,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.41M (Jun 28 2023)
Last sale anchor
$1.41M
Jun 28 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
$256 / 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
$11,516
Tax year 2023
Assessed value
$143,488
Assessed 2024
Previous assessed
$123,573
+16.1% YoY
Effective rate
8.03%
On assessed value
Land market value
$314,200
Improvement market value
$555,425
Total market value
$869,625
Applied tax rate
41,012.0000
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
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
6,598 SF
Lot
1.15 ac (50,218 SF)
Zoning code
C-G
APN
218-13-001K
UPID
US07-1109790
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Mesa, AZ
Zoning C-G · permitted uses
C-G · 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
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Html 423e LLC
Entity
Mailing address
202 E EARLL DR STE #360, PHOENIX, AZ 85012-2677
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
—
Html423e LLC
—
Deed
related
$5,167,500 · Ks Statebank
Nov 29, 2023
—
Html423e LLC
—
Deed
related
$915,000 · American Savings Life Insurance Co
Jun 28, 2023
$1,405,587
Html 423e LLC
The Chateau Az LLC
Special Warranty Deed
—
Feb 7, 2020
$900,000
Chateau Az L L C
Turner Commercial Investments LLC
Warranty Deed
$759,500 · Great American Title Agency
Feb 7, 2020
—
Turner Coml Invs LLC
Turner Living Trust
Correction Deed
related
—
Oct 16, 1995
—
Turner Revocable Living Trust
James E & Dimple W Turner
Quit Claim Deed
related
—
Sep 29, 1994
$375,000
James E Turner
Ross
Grant Deed
—
Sep 30, 1992
$240,000
Steve A Ross
First Interstate
Grant Deed
—
Jun 2, 1992
$228,000
First Interstate Bank
Kronwald
Grant Deed
related
—
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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