Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,525,000
Strip malls
116 Lindsay Rd Mesa, AZ 85213-9201
Entity Owned
11-yr Hold
Free & Clear
Property ID
US07-0347367
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
35,499 SF
Lot
3.29 ac (143,142 SF)
Zoning code
LC
APN
140-23-005H
UPID
US07-0347367
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
-
Bad Gal Beauty - Luxury HMUA Hair Salon Nail Salon
-
Transfer For Less Film Production Television Studio
-
Lee Family Chiropractic Alternative Medicine Practice
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Kiki Iglesia Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.83M
Blend (final)
Blend
$7.53M
Owner & transaction history
Agora Properties LLC · 11 yrs held
Agora Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$11,055,000
Current use
RETAIL STORES
$9,305,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$9,300,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.53M
Range $6.77M – $8.28M · ±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
$212 / 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
$50,364
Tax year 2023
Assessed value
$854,266
Assessed 2024
Previous assessed
$718,114
+19.0% YoY
Effective rate
5.90%
On assessed value
Land market value
$1,154,800
Improvement market value
$4,022,568
Total market value
$5,177,368
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
35,499 SF
Lot
3.29 ac (143,142 SF)
Zoning code
LC
APN
140-23-005H
UPID
US07-0347367
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.1M
RETAIL STORES
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.29 ac
Current owner
From public records · entity-resolved
Agora Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 711153, SALT LAKE CITY, UT 84171-1153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Aug 1, 2019
—
Agora Properties LLC
—
Deed
related
$3,021,297 · Oneaz Cu
Apr 9, 2015
—
Agora Properties LLC
Amethyst I LLC
Quit Claim Deed
related
—
Nov 14, 2008
—
Amethyst I LLC
Agora Properties LLC
Grant Deed
$2,500,000 · Arizona State Cu
Oct 30, 2001
$2,950,000
Agora Properties LLC
Titan Properties Ltd
Grant Deed
$2,080,000 · Lehman Brothers Bank Fsb
Mar 31, 2000
$1,675,000
Town Lake Enterprises
Lindsay Investments LLC
Grant Deed
$450,000 · Fifth Third Bank Southwest Fsb
May 8, 1996
$1,000,000
G O V INC
Boettcher Investors Ltd
Trustees Deed
—
May 8, 1996
$1,250,000
Lindsay Investments L L C
G O V INC
Trustees Deed
$650,000 · Heartland Bank
—
—
Agora Properties LLC
—
Loan Modification
related
$3,021,297 · Oneaz Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 116 Lindsay Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
