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Property profile & analytics
OFF-MARKET
Estimated value
$39,380,000
Parking lots & garages
1201 Alma School Rd, Mesa, AZ 85210-2008
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-0541750
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1986
Construction
CONCRETE
Total area
276,504 SF
Lot
5.83 ac (253,893 SF)
Zoning code
LC
APN
134-23-005C
UPID
US07-0541750
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
-
eVisit (Bike/Boat/Book/etc) Store Corporate Office
-
GoEngineer - Phoenix (Bike/Boat/Book/etc) Store Corporate Office
-
Invidasys (Bike/Boat/Book/etc) Store Corporate Office
-
Higher Logic (Bike/Boat/Book/etc) Store Corporate Office
-
Winery POS Systems (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$39.38M
Owner & transaction history
Mw G Mesa Tower LLC · 5 yrs held
Mw G Mesa Tower LLC
since 2021
Last sale
$39.5M
5 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
$39,145,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$39.38M
Range $35.44M – $43.32M · ±10% · vs last sale $39.50M (Apr 9 2021)
Last sale anchor
$39.50M
Apr 9 2021
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
$142 / 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
$466,831
Tax year 2023
Assessed value
$9,869,261
Assessed 2024
Previous assessed
$13,351,290
-26.1% YoY
Effective rate
4.73%
On assessed value
Land market value
$4,146,800
Improvement market value
$55,666,900
Total market value
$59,813,700
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
4
Units
4
Total area
276,504 SF
Lot
5.83 ac (253,893 SF)
Zoning code
LC
APN
134-23-005C
UPID
US07-0541750
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.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Stories
4
Buildings
4
Units
4
Lot
5.83 ac
Current owner
From public records · entity-resolved
Mw G Mesa Tower LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1201 S ALMA SCHOOL RD, MESA, AZ 85210-2008
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
$39,500,000
Mw G Mesa Tower LLC
1201 Partners LLC
Special Warranty Deed
—
Aug 28, 2017
$23,000,000
1201 Partners LLC
Mesa Financial Plaza LLC
Grant Deed
$23,950,000 · Nxt Cap
Sep 29, 2011
$16,250
Mesa Financial Plaza LLC
Miner,don J
Trustees Deed
related
$13,000,000 · Road Bay Investments LLC
Jul 3, 2007
$57,750,000
Mesa Finl Plaza Invtrs LLC
Crescent R/e Equities
Grant Deed
—
Jan 23, 2006
$55,000,000
Crescent R/e Equities
Amerivest Mesa INC
Grant Deed
—
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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