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Financial
Distress signals
Property profile

1229 Mckellips Rd Mesa, AZ 85203

OFF-MARKET
Strip malls
Property ID
US07-0808665
12,793 SF 0.9 ac lot Built 2006
Last sale Feb 2020 · $6,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail space within a shopping center, with access provided via full movement ingress and egress at four locations. It contains 1,386 square feet of retail area. The surrounding area is described as a dense North Mesa infill area, with a population exceeding 115,000 within a 3-mile radius and over 9,000 students, teachers, and staff located within the same 3-mile radius.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value · 2024$281k
Effective rate8.30%

Value estimate

· Oct 2026
$5.25M
$4.73M – $5.78M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$311/SF
Submarket average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$133 – $658
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LC
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding re...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency47.3
Restaurant43.6
Building Supply41.8

Location

1229 Mckellips Rd Mesa, AZ 85203-2724
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1933 University, Mesa, AZ 85203-8297 $3,177,500 Dec 2022 12,654 SF
1900 University, Mesa, AZ 85203-8234 $7,000,000 Aug 2022 14,440 SF
1940 University, Mesa, AZ 85203-8234 $7,000,000 Aug 2022 7,802 SF
260 Gilbert, Mesa, AZ 85203-8299 $1,200,000 May 2022 6,859 SF
515 Stapley, Mesa, AZ 85203-7283 $3,100,000 Oct 2021 10,800 SF
1863 Stapley, Mesa, AZ 85203-3004 $6,400,000 Feb 2020 7,980 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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