Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID
US07-0977078
Property summary
AI-generated overview
This exceptional two-story office building, located at 131 W 1st Street in the heart of Downtown Mesa, Arizona, presents a unique owner/user opportunity. The 3,579 square foot building sits on an 8,250 square foot lot and is zoned for Downtown Mesa use. The property boasts 16 parking spaces, providing ample convenience for employees and clients. Currently, the building is fully furnished and offers a flexible layout suitable for a variety of office users. The first floor is easily divisible into two separate suites, presenting a potential for additional income streams. The second floor is currently occupied by a month-to-month tenant generating $1,600 in monthly rental income. This provides immediate cash flow for the new owner. Building signage is available, offering excellent visibility and branding opportunities. The asking price for this turnkey operation is $950,000. This property represents a compelling investment opportunity in a thriving downtown area, combining immediate income with significant potential for future growth and expansion. The property's prime location and versatile design make it an ideal choice for businesses seeking a prominent presence in Downtown Mesa.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
CONCRETE
Total area
3,579 SF
Lot
0.19 ac (8,250 SF)
Zoning code
C-DT
APN
138-35-042
UPID
US07-0977078
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising
-
Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$310k
Owner & transaction history
since 2025
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
C-DT · Mesa, AZ
Top alternative use upside
Neighborhood: shopping center
$1.1M
+40.5%
Medical building
$935,000
+18.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$310k
Value range
$279k – $341k
±10% around blend
Estimated value / SF
$87 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$279k
blend $310k
$341k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,579 SF
Lot area
0.19 ac
Year built
1973
Stories
2
APN
138-35-042
Assessed value
$77,748
Annual tax
$5,013
3
Income approach: direct capitalization
Partial preview
Income approach indication
$790k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$860k
@ 6.5% CAP return
$790k
@ 7% CAP return
$735k
4
Sales comparison
Partial preview
Sales approach indication
$785k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 4,028 SF
3.8 mi away · 2,968 SF
4.1 mi away · 3,850 SF
4.6 mi away · 3,170 SF
5.0 mi away · 3,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$310k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 30 sales
$222
-61%
Submarket 353 sales
$172
-50%
County 2871 sales
$239
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $87/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+40%
vs current-use indication
Medical Building
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$890k
Move the market yield to see immediate price impact.
Value / SF
$249
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$56k
$1.12M
$801k
$623k
$62k
$1.25M
$890k
$692k
$69k
$1.37M
$979k
$761k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$500k
1.7 mi · Nov 2025 · $122/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,013
Tax year 2023
Assessed value
$77,748
Assessed 2024
Previous assessed
$64,090
+21.3% YoY
Effective rate
6.45%
On assessed value
Land market value
$140,100
Improvement market value
$331,100
Total market value
$471,200
Applied tax rate
41,010.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
3,579 SF
Lot
0.19 ac (8,250 SF)
Zoning code
C-DT
APN
138-35-042
UPID
US07-0977078
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Mesa, AZZoning C-DT · permitted uses
C-DT · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-DT
Jurisdiction
Mesa, AZ
Recorded code
C-DT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-DT in Mesa, AZ.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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