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Property profile & analytics
OFF-MARKET
Estimated value
$88,790,000
Specialty properties
1050 Longmore, Mesa, AZ 85202-4203
Individually Owned
4-yr Hold
Property ID
US07-3448287
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1979
Construction
STEEL FRAME
Total area
4,496 SF
Lot
20.05 ac (873,552 SF)
Zoning code
RM-3
APN
305-06-002F
UPID
US07-3448287
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
-
Aflac Insurance: William Miller Insurance Agency
-
The Place at El Prado Apartment Complex Apartment Building
-
DSF Garage Doo'r Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$90.67M
Blend (final)
Blend
$88.79M
Owner & transaction history
The Place At El Prado Apartments Ll · 4 yrs held
The Place At El Prado Apartments Ll
since 2022
7 recorded transactions
Zoning & alternative use
RM-3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$88.79M
Range $79.91M – $97.67M · ±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
$19,749 / 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
$219,998
Tax year 2023
Assessed value
$8,843,990
Assessed 2024
Previous assessed
$6,415,370
+37.9% YoY
Effective rate
2.49%
On assessed value
Land market value
$16,098,900
Improvement market value
$72,341,000
Total market value
$88,439,900
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
46
Stories
1
Units
432
Total area
4,496 SF
Lot
20.05 ac (873,552 SF)
Zoning code
RM-3
APN
305-06-002F
UPID
US07-3448287
Jurisdiction
MARICOPA
Zoning & alternative use
RM-3 · Mesa, AZ
Zoning RM-3 · permitted uses
RM-3 · 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
1979
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
46
Units
432
Lot
20.05 ac
Current owner
From public records · entity-resolved
The Place At El Prado Apartments Ll
Individual
Mailing address
15170 N HAYDEN RD STE #1, SCOTTSDALE, AZ 85260-2571
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
The Place At El Prado Apartments Ll
1050 Longmore Apartments Lllp
Special Warranty Deed
$55,713,000 · Walker & Dunlop LLC
Nov 9, 2018
—
1050 Longmore Apartments Lllp
—
Deed
related
$6,098,000 · Walker & Dunlop
Jun 28, 2016
$34,350,000
1050 Longmore Apartments Ll
Bellstone V LLC
Grant Deed
$28,550,000 · Walker & Dunlop
Jul 29, 2014
$24,175
Bellstone V LLC
Standard Phoenix Fund LLC
Special Warranty Deed
—
Oct 1, 2010
$133,100,000
Standard Phoenix Fund LLC
Lb Trust 2007-c3
Grant Deed
—
Jun 1, 2007
$33,600,000
Phoenix Kingdom I LLC
Bazv Inglewood Village Apartme
Grant Deed
—
Mar 23, 2005
$17,600,000
Bazv Inglewood Village Apar
Sentinel Real Estate Fund
Grant Deed
$17,500,000 · General Electric Capital Corp
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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