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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Strip malls
1309 Greenfield Rd Mesa, AZ 85205-4009
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3347961
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
10,010 SF
Lot
1.38 ac (60,224 SF)
Zoning code
LC
APN
141-33-129
UPID
US07-3347961
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
-
Rosati's Pizza Restaurant
-
Nico’s Barbershop Mesa Barber Shop
-
Greenfield Discount Eco-Friendly DryCleaners (Bike/Boat/Book/etc) Store
-
Banner Physical Therapy - Mesa - Greenfield Medical Clinic
-
Blush Avenue Salon and Lash Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
La Casa Properties LLC · 1 yrs held
La Casa Properties LLC
since 2025
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+41.5%
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
$1,985,000
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
$3,120,000
Current use
AUTO REPAIR, GARAGE
$4,410,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,625,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$2,620,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $2.60M (Dec 14 2024)
Last sale anchor
$2.60M
Dec 14 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
$296 / 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
$26,774
Tax year 2023
Assessed value
$516,551
Assessed 2024
Previous assessed
$447,134
+15.5% YoY
Effective rate
5.18%
On assessed value
Land market value
$1,426,800
Improvement market value
$1,703,810
Total market value
$3,130,610
Applied tax rate
41,003.0000
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,010 SF
Lot
1.38 ac (60,224 SF)
Zoning code
LC
APN
141-33-129
UPID
US07-3347961
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
$3.1M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
La Casa Properties LLC
Entity
Mailing address
708 GRAVENSTEIN HWY N #182, SEBASTOPOL, CA 95472-2808
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$2,600,000
La Casa Properties LLC
Rodney K Stevenson
Special Warranty Deed
$1,388,000 · Desert Financial Cu
Feb 25, 2021
—
Rodney K Stevenson
Rodney Stevenson Family Partnership
Intrafamily Transfer
related
$1,435,000 · Goldwater Bank NA
Mar 2, 2011
—
Wilson Marion Exemption Trust
Wilson S P & M J 1989 Trust
Quit Claim Deed
related
—
Jul 7, 2006
—
Mvp Equities LLC
Ghb Trust 1
Grant Deed
—
Jul 7, 2006
$3,046,000
Requarth Family
Mvp Equities LLC
Grant Deed
$1,550,000 · First Community Bank
Dec 18, 2002
$765,000
Ghb,tr
Nec Brown Greenfield LLC
Grant Deed
$2,550,000 · First Int'l Bank & Trust
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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