Financial
Distress signals
Property profile

2405 N Center St Mesa, AZ 85201

FOR SALE
Office buildings
Property ID
US07-2191020
4,007 SF 7.09 ac lot Built 1972
Last sale Apr 2023 · $8,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a secured contractor yard with an office that had been recently renovated, located in Mesa, Arizona. The yard is fully fenced and secured and includes approximately 6,273 square feet of site area. The site is served by about 1,400 amps of 120/240V power distributed through four separate power meters, with two meters providing 3-phase power and two providing single-phase power. The functional layout supports equipment service use as an equipment service warehouse, including nine

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value · 2024$51k
Effective rate29.05%

Value estimate

· Sep 2026
$9.53M
$8.57M – $10.48M
NOI build-up
Gross scheduled income$306k
Vacancy & credit loss−$19k
Operating expenses−$43k
NOI · 1.48% cap applied$244k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$96 – $356
Qualifying comparables16

Cap rate analysis

How does the asset earn?
1.48%
$244k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GI
To provide areas for manufacturing, processing, assembly, research, wholesale, and storage, and similar activities that require separatio...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.4
Building Supply22.9
Restaurant21.7

Location

2405 N Center St Mesa, AZ 85201
County assessor Recorded deeds · 3 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
25 Longmore, Mesa, AZ 85201-6905 $99,000 May 2025 3,083 SF
48 Macdonald, Mesa, AZ 85201-7329 $250,000 Aug 2024 4,080 SF
1 Main, Mesa, AZ 85201-7307 $2,000,000 Oct 2023 6,433 SF
40 Brown, Mesa, AZ 85201-3400 $1,400,000 Jul 2023 6,026 SF
628 Ctr, Mesa, AZ 85201-5007 $650,000 Jul 2022 4,014 SF
2040 Riverview Auto, Mesa, AZ 85201-7597 $20,500,000 Jan 2022 4,630 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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