Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1056 Val Vis Dr, Unit 103 Mesa, AZ 85204-5667

    • Medical offices
    • 4,920 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2021
    $941,460
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    4.4%
    Medical offices
    Location Intelligence
    Property ID
    US07-2633515
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Le Sueur & Dodaro Dentistry / Dentist
    • Drs of Smiles / Dentist / Cosmetic Dentist
    • Dr. Steven L. Frost, DDS / Endodontist
    • Southwest Institute Arthroscopc / Orthopedic Surgeon
    • Mr. Glenn Lesueur / Dentist / Practitioner Service Location

    Property Details for 1056 Val Vis Dr

    Year built
    1997
    Lot size
    0.10 lot acres
    Property size
    4,920 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    140-46-776
    APU
    14046776

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $955,000
      6.5%
      $885,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,802,000
      Market price range: $694k - $1.91M
      AI Estimate
      $1,802,000
      Market price range: $694k - $1.91M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,290,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,530,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $1,290,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $1,070,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.754
    Latitude
    33.3957
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,783
    $0.00
    $0.00
    $224,021
    -
    $271,500
    $1,086,200
    $1,357,700

    Comparable in this City

    • Value Estimation by Request
      1,512 SF

      67 Stapley Dr

      MEDICAL BUILDING • 1,512 SF
      67 Stapley Dr, Mesa, AZ 85204-1101
      View Details
    • Value Estimation
      $2,425,000
      2,500 SF

      1818 Baseline Rd

      MEDICAL BUILDING • 2,500 SF
      1818 Baseline Rd, Mesa, AZ 85204-6814
      View Details
    • Value Estimation
      $2,475,000
      6,768 SF

      2530 Southern Ave

      MEDICAL BUILDING • 6,768 SF
      2530 Southern Ave, Mesa, AZ 85204-5411
      View Details
    • Value Estimation by Request
      28,607 SF

      1111 Stapley Dr

      MEDICAL BUILDING • 28,607 SF
      1111 Stapley Dr, Mesa, AZ 85204-5059
      View Details
    • Value Estimation by Request
      15,044 SF

      1055 Stapley Dr, Unit 1

      MEDICAL BUILDING • 15,044 SF
      1055 Stapley Dr, Mesa, AZ 85204-5013
      View Details
    • Value Estimation by Request
      6,310 SF

      2345 Southern Ave, Unit 101

      MEDICAL BUILDING • 6,310 SF
      2345 Southern Ave, Mesa, AZ 85204-5419
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Freestanding Retail/Medical Building Available

      Freestanding 3,600 SF retail/medical building with high visibility.
      1120 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • $65,900
      1,100 SF

      Remodeled Mobile Home in Mesa

      Updated 2BR/2BA mobile home in a 55+ Mesa community.
      3104 E Broadway Rd, Mesa, AZ 85204
      View Details
    • $375,000
      1,512 SF

      Medical Plaza Near Downtown Mesa

      Single-tenant medical plaza with frontage on S Stapley Dr.
      67 S Stapley Dr, Mesa, AZ 85204
      View Details
    • $2,352,746
      9,101 SF

      Mesa Industrial Investment Opportunity

      High-yield multi-tenant office/warehouse
      1818 Baseline Rd, Mesa, AZ 85204
      View Details
    • $550,000
      Pending

      Mesa Triplex with Fenced Yards

      Fully rented Mesa triplex featuring private fenced back yards.
      551 S Lesueur St, Mesa, AZ 85204
      View Details
    • $550,000
      0.24 Acres

      Prime Mesa Commercial Corner Lot

      5-Room Office, Gated Parking, High Potential
      1027 Broadway Rd, Mesa, AZ 85204
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      181,899 SF

      Mesa Medical Office Space for Lease

      Class A Medical Office Suites Available
      1840-1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      8,661 SF

      Class A Medical Center Space

      Medical office space available for lease in Mesa, Arizona.
      1840 S Stapley Dr, Mesa, AZ 85204
      View Details
    • $15 SF/Yr
      605 SF

      Stapley Executive Center Office Suite

      Modern 3-Room Office Suite, US 60 Access
      1136 Harmony Ave, Mesa, AZ 85204
      View Details
    • $22 SF/Yr
      812 SF

      Move-in Ready Office Suites Available

      Accessible office suites near amenities and transportation.
      931 E Southern Ave, Mesa, AZ 85204
      View Details
    • $24 SF/Yr
      3,600 SF

      Mesa Office Space Available

      Office space with high-end finishes, available June 1, 2025.
      3048 E Baseline Rd, Mesa, AZ 85204
      View Details
    • $84 SF/Yr
      14,756 SF

      Mesa Executive Office Suites

      Prestigious Mesa office space, flexible options.
      1910 Stapley Dr, Mesa, AZ 85204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1056 Val Vis Dr, Unit 103
    Mesa, AZ 85204-5667
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.