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Property profile & analytics
OFF-MARKET
Estimated value
$14,955,000
Grocery and convenience stores
1157 Ellsworth Rd Mesa, AZ 85207-5146
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-1204399
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
CONCRETE
Total area
54,427 SF
Lot
9.43 ac (410,679 SF)
Zoning code
LC
APN
220-19-007E
UPID
US07-1204399
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
-
Taco el Primo Restaurant
-
Leslie's (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.97M
Blend (final)
Blend
$14.96M
Owner & transaction history
Furst Highlands LLC · 7 yrs held
Furst Highlands LLC
since 2018
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.0M
+68.1%
Neighborhood: shopping center
$17.0M
+18.8%
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
RETAIL STORES
$14,265,000
Current use
AUTO REPAIR, GARAGE
$23,985,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,950,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$14,255,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$14.96M
Range $13.46M – $16.45M · ±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
$275 / 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
$181,217
Tax year 2023
Assessed value
$1,899,321
Assessed 2024
Previous assessed
$1,665,150
+14.1% YoY
Effective rate
9.54%
On assessed value
Land market value
$2,618,900
Improvement market value
$8,892,138
Total market value
$11,511,038
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
54,427 SF
Lot
9.43 ac (410,679 SF)
Zoning code
LC
APN
220-19-007E
UPID
US07-1204399
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
RETAIL STORES Current
Est. value
$14.3M
AUTO REPAIR, GARAGE
Est. value
$24.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$14.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
9.43 ac
Current owner
From public records · entity-resolved
Furst Highlands LLC
Entity
Free & Clear · 7 yrs held
Mailing address
100 CYN CRK, IRVINE, CA 92603-0422
Ownership since
2018
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
Jun 29, 2021
—
Furst Highlands LLC
—
Deed
related
$7,000,000 · Ohio National Life Insurance
Oct 31, 2018
$13,959,000
Furst Highlands LLC
Highland Village Equities
Grant Deed
—
Jun 4, 2014
$10,010,000
Highlands Village Equities
Donahue Schriber Realty Gr
Grant Deed
$7,100,000 · Bank Of America
Jun 16, 2011
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$365,000,000 · Bank Of America
Feb 16, 2010
—
Donahue Schriber Realty Group
—
Deed Of Trust
related
$271,700,000 · Bank Of America
Feb 17, 2004
$4,238,630
Schriber Realty Gro Donahue
Brown & Ellsworth LLC
Grant Deed
—
—
—
Donahue Schriber Realty Group
—
Loan Modification
related
$711,500,000 · Bank Of America
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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