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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
134 Broadway Rd Mesa, AZ 85210-1508
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-1464813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
CONCRETE
Total area
5,312 SF
Lot
0.13 ac (5,640 SF)
Zoning code
DB-2
APN
138-51-026
UPID
US07-1464813
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
-
Wake N Grill Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Asset Recovery & Towing Auto Repair Shop
-
Fluid Concepts Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
E&G AUTO REPAIR & TIRE SHOP Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$1.07M
Owner & transaction history
Lauro Q Chacon · 21 yrs held
Lauro Q Chacon
since 2005
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
DB-2 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+3.6%
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
OFFICE BUILDING
$1,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,655,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$1,390,000
Change: -13% · Conversion: Easy
RETAIL STORES
$1,370,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.44M (Feb 7 2025)
Last sale anchor
$1.44M
Feb 7 2025
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
$201 / 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
$3,437
Tax year 2023
Assessed value
$52,520
Assessed 2024
Previous assessed
$45,543
+15.3% YoY
Effective rate
6.54%
On assessed value
Land market value
$66,800
Improvement market value
$251,500
Total market value
$318,300
Applied tax rate
41,010.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
5,312 SF
Lot
0.13 ac (5,640 SF)
Zoning code
DB-2
APN
138-51-026
UPID
US07-1464813
Jurisdiction
MARICOPA
Zoning & alternative use
DB-2 · Mesa, AZ
Zoning DB-2 · permitted uses
DB-2 · 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
OFFICE BUILDING Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lauro Q Chacon
Individual
Mailing address
570 N MAMMOTH WAY, CHANDLER, AZ 85225-4059
Ownership since
2005
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
Jan 12, 2005
$500,000
Lauro Q Chacon
Boa Sorte
Grant Deed
$390,000 · Applewood Funding INC
Jan 12, 2005
—
Sorte Boa
Ditta
Grant Deed
related
—
—
—
D C S J Ltd
—
Deed Of Trust
related
$325,000 · Community Bank NA
—
—
Lauro Q Chacon
—
Deed Of Trust
related
$392,000 · Zions First National Bank
—
—
Revelations In Design INC
—
Deed Of Trust
related
$224,000 · Norwest Bank Arizona
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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