Property profile

961 Main St Mesa, AZ 85201

OFF-MARKET
Turn key restaurants
Property ID
US07-1859337
5,665 SF 0.54 ac lot Built 1974
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a renovated restaurant building comprising approximately 5,665 square feet, constructed in 1974, situated on about 0.54 acres. It contains a commercial kitchen that is configured for food service use, with potential for alternative concepts such as breakfast-only service. The site is located on West Main Street in Mesa, Maricopa County, Arizona, west of City Center, positioned adjacent to a motel and facing the light rail. It is approximately two blocks from the Alma School Station and provides access to commercial services, major thoroughfares, public transportation, and community services. The property is situated in an area described as suitable for retail, commercial, and residential uses, with roadway activity from commuter and local traffic along Main Street, and the light-rail extension is associated with anticipated growth and walkable urban zoning that may support multi-story development along the corridor.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Construction CONCRETE
Total area 5,665 SF
Lot 0.54 ac (23,671 SF)
Zoning code C-G
APN 134-03-008E
UPID US07-1859337

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

961 Main St Mesa, AZ 85201-7107
Mesa metro Census 421302 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$460k

Owner & transaction history

since 2017
3 recorded transactions
2024
Price N/A
2017
$425,000
2008
Price N/A

Zoning & alternative use

C-G · Mesa, AZ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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