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Property profile & analytics
OFF-MARKET
Estimated value
$15,080,000
Warehouses
1108 Ext Rd, Mesa, AZ 85210-3402
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1620477
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
95,961 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C-C
APN
134-19-008B
UPID
US07-1620477
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.08M
Comparable Approach
Comparable
$17.41M
Blend (final)
Blend
$15.08M
Owner & transaction history
Extra Space Properties Two LLC · 1 yrs held
Extra Space Properties Two LLC
since 2025
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
C-C · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.1M
+34.6%
Retail stores
$24.7M
+32.4%
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%
$14,165,000
6.5%
$13,075,000
7%
$12,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,675,000
Current use
MEDICAL BUILDING
$25,135,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$24,735,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$15.08M
Range $13.57M – $16.59M · ±10% · vs last sale $13.75M (Jan 10 2025)
Last sale anchor
$13.75M
Jan 10 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
$157 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,284
Tax year 2022
Assessed value
$1,981,601
Assessed 2024
Previous assessed
$1,458,379
+35.9% YoY
Effective rate
0.42%
On assessed value
Land market value
$1,015,000
Improvement market value
$10,994,700
Total market value
$12,009,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Stories
3
Total area
95,961 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C-C
APN
134-19-008B
UPID
US07-1620477
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Mesa, AZ
Zoning C-C · permitted uses
C-C · 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
WAREHOUSE, STORAGE Current
Est. value
$18.7M
MEDICAL BUILDING
Est. value
$25.1M
RETAIL STORES
Est. value
$24.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
2021
Heating
NONE
Stories
3
Lot
1.53 ac
Current owner
From public records · entity-resolved
Extra Space Properties Two LLC
Entity
Mailing address
4000 N MACARTHUR BLVDA132, IRVING, TX 75038-6418
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
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
$13,750,000
Extra Space Properties Two LLC
Vlc Partners LLC
Special Warranty Deed
—
Feb 1, 2023
—
The Betty Sue Jackson Trust
Estate Of Gerald Blaine Jackson
Affidavit Of Death Of Joint Tenant
related
—
Feb 6, 2020
—
Vlc Partners LLC
—
Deed Of Trust
related
$6,914,664 · Inwood Nat'l Bk
Jan 8, 2019
$450,000
Vlc Partners LLC
Mechanical Designs INC
Grant Deed
—
Mar 13, 2018
—
Freese Family Trust
Cosgrove,david
Warranty Deed
related
—
Nov 21, 2014
$50,000
David Cosgrove
Freese,family Trust
Grant Deed
$50,000 · Freese Family Trust (pt)
Dec 2, 2013
—
Jackson,betty S Trust
Jackson,betty S
Quit Claim Deed
related
—
Sep 11, 2009
—
Rae Jay LLC
Schnitz,earl & Rachel
Grant Deed
—
May 26, 2009
$600,000
Mechanical Designs INC
Nts Title Agency INC
Trustees Deed
—
Jul 6, 2007
—
Fiesta Mesa Self Storage LLC
Ca-yes Investments LLC
Quit Claim Deed
related
—
Jul 27, 2006
—
Ca-yes Investments LLC
Soliz,edward R & Yolanda P
Quit Claim Deed
related
—
Jul 10, 2003
—
Edward R Soliz
Pensol LLC
Grant Deed
$37,000 · Jewell Dixon
Jun 10, 2003
$10
Pensol LLC
Soliz,tr
Grant Deed
related
—
Apr 16, 2003
—
Edward R Soliz
Soliz,tr
Quit Claim Deed
related
$295,000 · Ray Fritz
Dec 30, 2002
—
Soliz,tr
Soliz,edward R & Yolanda P
Quit Claim Deed
related
—
Jun 30, 1999
$180,000
Edward R Soliz
Tomitz Trust
Grant Deed
$150,000 · Seller
Jun 27, 1997
$175,000
Tomitz Family Trust
Amked Enterprises L L C
Grant Deed
—
Jan 25, 1996
—
Amked Enterprises L L C
Edward B White
Quit Claim Deed
related
—
May 15, 1995
$215,750
Edward B White
Tomitz Family Trust
Grant Deed
$175,000 · Seller
Jan 10, 1995
—
Tomitz Family Trust
Tomitz
Quit Claim Deed
related
—
Nov 29, 1994
—
Tomitz Family Trust
Tomitz
Quit Claim Deed
related
—
May 13, 1988
—
Robert E Tomitz
Unknown
Grant Deed
related
—
—
—
Fiesta Mesa Self Storage LLC
—
Deed Of Trust
related
$550,000 · Mechanical Designs INC
—
—
Edward R Soliz JR.
—
Deed Of Trust
related
$480,000 · Neil Goldstein
—
—
Edward R Soliz
—
Deed Of Trust
related
$225,000 · Dean M Odegaard
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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