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Property profile & analytics
OFF-MARKET
Estimated value
$9,405,000
Industrial properties
1250 Clearview Ave, Mesa, AZ 85209-3378
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-0051650
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1996
Construction
CONCRETE
Total area
54,616 SF
Lot
3.74 ac (163,089 SF)
Zoning code
PEP
APN
218-56-427D
UPID
US07-0051650
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
-
Diamondback Gymnastics Gym & Fitness Center
-
Patricia Layton Physician
-
Stephanie Tavener Physician
-
Kyla Ballesteros Physician
-
Katherine Kolb Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.71M
Blend (final)
Blend
$9.41M
Owner & transaction history
Exeter 1250 Clearview LLC · 1 yrs held
Exeter 1250 Clearview LLC
since 2024
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
PEP · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.3M
+59.6%
Medical building
$14.3M
+59.5%
Office building
$9.4M
+4.9%
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
INDUSTRIAL (GENERAL)
$8,965,000
Current use
RETAIL STORES
$14,315,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$14,305,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$9,405,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$9.41M
Range $8.46M – $10.35M · ±10% · vs last sale $9.10M (May 13 2024)
Last sale anchor
$9.10M
May 13 2024
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
$172 / 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
$59,942
Tax year 2023
Assessed value
$1,247,285
Assessed 2024
Previous assessed
$962,608
+29.6% YoY
Effective rate
4.81%
On assessed value
Land market value
$1,910,800
Improvement market value
$5,648,500
Total market value
$7,559,300
Applied tax rate
41,012.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
54,616 SF
Lot
3.74 ac (163,089 SF)
Zoning code
PEP
APN
218-56-427D
UPID
US07-0051650
Jurisdiction
MARICOPA
Zoning & alternative use
PEP · Mesa, AZ
Zoning PEP · permitted uses
PEP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$9.0M
RETAIL STORES
Est. value
$14.3M
MEDICAL BUILDING
Est. value
$14.3M
OFFICE BUILDING
Est. value
$9.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.74 ac
Current owner
From public records · entity-resolved
Exeter 1250 Clearview LLC
Entity
Free & Clear · 1 yrs held
Mailing address
16220 N SCOTTSDALE RD STE #280, SCOTTSDALE, AZ 85254-1794
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2024
$9,100,000
Exeter 1250 Clearview LLC
Ax Superstition LP
Special Warranty Deed
—
Dec 12, 2017
$11,000,000
Ax Superstition LP
Bpp Pacific Indl Az Non-r
Grant Deed
—
Dec 12, 2017
—
Bpp Pacific Indl Az Non-reit
—
Deed
related
—
Nov 18, 2016
$11,364,902
Bpp Pacific Indl Az Non-re
Lba Realty Fund II-co I Ll
Grant Deed
—
Jul 23, 2013
—
Lba Realty Fund II-co I LLC
Lba Realty Fund II-wbp II LLC
Quit Claim Deed
related
—
Nov 25, 2003
$6,800,000
Bedford Property Investors INC
Cwa Acquisitions LLC
Grant Deed
—
Feb 7, 1996
$460,000
Acquisitions L L C Cwa
Superstition Investors L
Grant Deed
—
—
—
Lba Realty Fund II-co I LLC
—
Deed Of Trust
related
$97,000,000 · Bank Of America
—
—
Bpp Pacific Indl Az Non-reit
—
Loan Modification
related
—
—
—
Cwa Acquisitions LLC
—
Deed Of Trust
related
$2,600,000 · Sun Life Assurance Co Canada
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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