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Property profile & analytics
FOR LEASE
Strip malls
1003 N Dobson Rd Mesa, AZ 85201
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1909825
For Lease
1 / 2
$6,245,000
1003 N Dobson Rd, Mesa, AZ 85201
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
STEEL FRAME
Total area
13,545 SF
Lot
2.59 ac (112,823 SF)
Zoning code
GC
APN
135-33-561
UPID
US07-1909825
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
-
Aspen Dental - Mesa, AZ - Riverview Dental Office
-
Fired Pie Restaurant
-
Brett Barlow Dental Office
-
Starbucks Cafe & Coffee Shop
-
Victor Vellon Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$6.25M
Owner & transaction history
Ross Dress For Less INC · 2 yrs held
Ross Dress For Less INC
since 2023
2 recorded transactions
Zoning & alternative use
GC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+105.5%
Commercial (general)
$8.3M
+96.7%
Auto repair, garage
$6.0M
+41.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,220,000
Current use
RESTAURANT
$8,670,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,295,000
Change: +97% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,970,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.62M – $6.87M · ±10%
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
$461 / 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
$33,556
Tax year 2023
Assessed value
$708,764
Assessed 2024
Previous assessed
$612,748
+15.7% YoY
Effective rate
4.73%
On assessed value
Land market value
$2,159,800
Improvement market value
$2,135,739
Total market value
$4,295,539
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
13,545 SF
Lot
2.59 ac (112,823 SF)
Zoning code
GC
APN
135-33-561
UPID
US07-1909825
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Mesa, AZ
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
RESTAURANT
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2.59 ac
Current owner
From public records · entity-resolved
Ross Dress For Less INC
Entity
Free & Clear · 2 yrs held
Mailing address
3333 NEW HYDE PARK RD, NEW HYDE PARK, NY 11042-1204
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
Ross Dress For Less INC
Kimco Riverview LLC
Lease
—
Aug 13, 2010
—
Mjkl Ents LLC
—
Trustees Deed
related
$747,096 · Jc Devcor INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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