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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Banks
111 Main St Mesa, AZ 85201-7309
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-3390279
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1924
Construction
CONCRETE
Total area
6,120 SF
Lot
0.15 ac (6,656 SF)
Zoning code
C-DT
APN
138-42-048
UPID
US07-3390279
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.67M
Owner & transaction history
City Of Mesa · 3 yrs held
City Of Mesa
since 2022
7 recorded transactions
Zoning & alternative use
C-DT · Mesa, AZ
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
$1.67M
Range $1.50M – $1.84M · ±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
$273 / 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
$10,944
Tax year 2023
Assessed value
$155,564
Assessed 2024
Previous assessed
$136,969
+13.6% YoY
Effective rate
7.04%
On assessed value
Land market value
$137,900
Improvement market value
$804,911
Total market value
$942,811
Applied tax rate
41,010.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1924
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
6,120 SF
Lot
0.15 ac (6,656 SF)
Zoning code
C-DT
APN
138-42-048
UPID
US07-3390279
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Mesa, AZZoning C-DT · permitted uses
C-DT · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1924
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
City Of Mesa
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 1466, MESA, AZ 85211-1466
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
—
City Of Mesa
4232 N Brown Ave LLC
Special Warranty Deed
—
Mar 9, 2017
$615,000
4232 N Brown Ave LLC
Jpmorgan Chase Bank NA
Grant Deed
—
Jul 7, 2016
$389,200
Jp Morgan Chase Bk NA
Messing Jeffrey|andorfer Properties LLC
Trustees Deed
related
—
Feb 7, 2011
$320,000
Andorfer Properties LLC
U S Bank National Association
Special Warranty Deed
$427,500 · Jpmorgan Chase Bank NA
Nov 19, 2009
$425,000
Lehman Brothers Small Balance
Fidelity Natl Title Ins
Trustees Deed
related
—
Aug 13, 2007
—
Luxury Home LLC
Charles W Nease
Warranty Deed
$728,000 · Lehman Brothers Bank Fsb
Dec 21, 2004
$800,000
Nease Charles W Tr
Pennell,daryl
Warranty Deed
—
Aug 17, 2004
$800,000
Pennell,daryl Tr
Nelson,kim
Warranty Deed
$100,000 · Kim L Nelson
Feb 13, 2004
—
Kim L Nelson
Nelson Hoffman Properties LLC
Quit Claim Deed
related
—
Oct 7, 1996
$396,900
Properties L L C Nelson-hoffman
Kim L Nelson
Quit Claim Deed
related
—
Dec 13, 1995
$294,000
Kim Nelson
Surf And Ski Enterprises
Grant Deed
$240,000 · Money Store California
May 13, 1993
$167,000
Surf & Ski Enterprises
Rtc
Trustees Deed
$98,530 · Resolution Trust Corp (rtc)
May 13, 1993
—
Rtc
Rtc
Quit Claim Deed
related
—
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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