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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Drive through restaurants
9668 Riggs Rd Sun Lakes, AZ 85248-7401
Entity Owned
~
Est. High Equity
Property ID
US07-0757861
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Construction
STEEL FRAME
Total area
2,879 SF
Lot
0.35 ac (15,072 SF)
Zoning code
C-C
APN
303-51-011U
UPID
US07-0757861
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
$1.13M
Blend (final)
Blend
$1.47M
Owner & transaction history
Glory Family Group LLC
Glory Family Group LLC
since 2025
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
C-C · Sun Lakes, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+54.6%
Neighborhood: shopping center
$1.8M
+22.3%
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 Sun Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Lakes 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
$1,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,495,000
Current use
COMMERCIAL (GENERAL)
$2,310,000
Change: +55% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,830,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,300,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.85M (Dec 3 2025)
Last sale anchor
$1.85M
Dec 3 2025
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
$511 / 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
$14,693
Tax year 2023
Assessed value
$164,552
Assessed 2024
Previous assessed
$139,485
+18.0% YoY
Effective rate
8.93%
On assessed value
Land market value
$376,800
Improvement market value
$620,486
Total market value
$997,286
Applied tax rate
800,051.0000
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
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,879 SF
Lot
0.35 ac (15,072 SF)
Zoning code
C-C
APN
303-51-011U
UPID
US07-0757861
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Sun Lakes, AZ
Zoning C-C · permitted uses
C-C · Sun Lakes, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.3M
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Glory Family Group LLC
Entity
Mailing address
12025 DOERKSEN RD, DENAIR, CA 95316-9778
Ownership since
2025
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
Dec 3, 2025
$1,850,000
Glory Family Group LLC
Morelli 1 LLC
Special Warranty Deed
$1,091,500 · Notre Dame FCU
Jul 6, 2022
—
Morelli 1 LLC
Robert A Morelli
Intrafamily Transfer
related
—
Nov 30, 2020
—
Robert A Morelli
Robert A Morelli
Quit Claim Deed
related
$845,000 · Farmers & Merchants Nat'l Bk
Sep 12, 2014
$1,440,000
Robert A Morelli
Rilck Bk 9732 LLC
Grant Deed
—
Feb 6, 2002
$100
Rilck Bk 9732 LLC
Smith,robert L & Deborah A
Grant Deed
related
$834,000 · Scottsdale Community Bank
—
—
Rilck Bk 9732 LLC
—
Deed Of Trust
related
$705,000 · Copper Star Bank
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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