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Property profile & analytics
OFF-MARKET
Estimated value
$6,805,000
Medical Office Space
1111 Stapley Dr Mesa, AZ 85204-5059
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-2761171
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
CONCRETE
Total area
28,607 SF
Lot
2.91 ac (126,977 SF)
Zoning code
LC
APN
139-05-004W
UPID
US07-2761171
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
-
Steven Friedland Physician
-
Stapley Integrated Care Community Health Centre Health Care Facility
-
Reena Pathak Physician
-
Humberto Beltran Physician
-
Danielle Searor Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$6.81M
Owner & transaction history
Terros INC · 12 yrs held
Terros INC
since 2013
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.9M
+18.9%
Retail stores
$7.5M
+0.1%
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
MEDICAL BUILDING
$7,490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,910,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$7,500,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$6,225,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.81M
Range $6.12M – $7.49M · ±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
$238 / 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
Assessed value
$846,110
Assessed 2024
Previous assessed
$827,310
+2.3% YoY
Land market value
$821,800
Improvement market value
$4,818,935
Total market value
$5,640,735
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
28,607 SF
Lot
2.91 ac (126,977 SF)
Zoning code
LC
APN
139-05-004W
UPID
US07-2761171
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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
MEDICAL BUILDING Current
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.2M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1983
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.91 ac
Current owner
From public records · entity-resolved
Terros INC
Entity
Free & Clear · 12 yrs held
Mailing address
3003 N CENTRAL AVE STE #200, PHOENIX, AZ 85012-2914
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Terros INC
—
Deed
related
—
Aug 5, 2016
—
Terros INC
—
Deed
related
$8,400,600 · Wells Fargo Bk
Dec 27, 2013
$1,800,000
Terros INC
National Bank Of Arizona
Grant Deed
—
Sep 26, 2013
—
National Bk Of Az
Great Western Developers LLC
Grant Deed
related
—
Aug 26, 2008
$3,223,635
Great Western Developers LLC
Ecsd Holdings LLP
Special Warranty Deed
—
Oct 20, 1987
$52,818
Martin David
—
Grant Deed
related
—
—
—
Terros INC
—
Deed Of Trust
related
$8,400,600 · Wells Fargo Bk
—
—
Terros INC
—
Loan Modification
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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