Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1342 Power Rd Mesa, AZ 85206-3704
    Back to Search
    Property profile & analytics

    1342 Power Rd, Mesa, AZ 85206-3704

    View on Map
    • Motels
    • 24,363 SF
    • 1.42 lot acres
    Off-Market
    Last Sale Jan 4, 2022
    $6,150,000
    Property ID
    US07-0075228
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,210,000
    Show details
    Cap Rate Potential
    2.3%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Best Western Superstition Springs Inn / Hotel & Motel

    Property Details for 1342 Power Rd

    Year built
    1994
    Construction
    CONCRETE
    Lot size
    1.42 lot acres
    Zone code
    C-C
    Property type
    Motels
    APN
    141-54-037A
    APU
    14154037A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 4, 2022 $6,150,000 Saiastha LLC Yong Bok Yun Special Warranty Deed $4.6M · Pacific City Bank
    Sep 6, 2007 $6,000,000 Yong Bok Yun Grand 1 Enterprises LLC Special Warranty Deed $3M · Pacific Investment & Loan
    Feb 19, 2003 $3,500,000 Grand 1 Enterprises LLC Superstition Springs Hospitali Grant Deed $1.5M · Zions First National Bank
    — — Yong B Yun — Deed Of Trust · related $51k · Us Small Business Admn
    — — Yong B Yun — Deed Of Trust · related $1.9M · Cdc Small Business Finance Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,280,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.686
    Latitude
    33.391
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,061
    $0.00
    $0.00
    $677,323
    -
    $1,548,000
    $2,556,987
    $4,104,987

    Comparable in this City

    • Value Estimation
      $975,000
      2,800 SF

      6650 Alder Ave

      MOTEL
      6650 Alder Ave, Mesa, AZ 85206-1703
      View Details
    • Value Estimation
      $18,845,000
      30,949 SF

      6347 Southern Ave

      MOTEL
      6347 Southern Ave, Mesa, AZ 85206-3713
      View Details
    • Value Estimation
      $42,710,000
      56,052 SF

      6530 Superstition Spgs Blvd

      HOTEL
      6530 Superstition Spgs Blvd, Mesa, AZ 85206-4323
      View Details
    • Value Estimation by Request
      70,440 SF

      6650 Superstition Spgs Blvd

      HOTEL
      6650 Superstition Spgs Blvd, Mesa, AZ 85206-4324
      View Details
    • Value Estimation by Request
      37,715 SF

      801-835 Power Rd

      Neighborhood centers
      801-835 Power Rd, Mesa, AZ 85206
      View Details
    • Value Estimation by Request
      20,393 SF

      Swc Power Rd & Baseline Rd

      Retail properties & Spaces
      0 Swc Power Rd & Baseline Rd, Mesa, AZ 85206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,586 SF

      Mesa Retail Opportunity For Sale

      Retail property with high visibility and strong traffic counts.
      1710 S Power Rd, Mesa, AZ 85206
      View Details
    • $599,000
      0.70 Acres

      Mesa, AZ Office Site

      Commercial land for sale, suitable for office development.
      1150 S Oakland St, Mesa, AZ 85206
      View Details
    • $2,499,999
      2.58 Acres

      Mesa Land Parcel For Sale

      2.57 acre parcel near Baseline Rd in Mesa, AZ.
      1833 S Old Greenfield Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing

      Retail Space in Mesa Plaza

      Retail space available in Albertson's anchored shopping center.
      319 S Power Rd, Mesa, AZ 85206
      View Details
    • $4,697,550
      0.99 Acres

      Mesa Medical Building - Prime Location

      New Dental/Medical Building - Excellent Investment
      5215 Southern Ave, Mesa, AZ 85206
      View Details
    • $825,750

      Mesa Condo For Sale

      Well-designed condo in Pierpont Commerce Center, Mesa, Arizona.
      4852 E Baseline Rd, Mesa, AZ 85206
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      9,235 SF

      Mesa Medical Office Space Available

      Class B medical office condo in Mesa, built in 2002.
      5432 E Southern Ave, Mesa, AZ 85206
      View Details
    • $19 SF/Yr

      Mesa Medical Office Space Available

      Single-story Class B office condo in Mesa, Arizona for lease.
      5440 E Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing
      2,035 SF

      Drive-Thru Restaurant Space Available

      Drive-thru restaurant space with high visibility and foot traffic.
      4460 E Baseline Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      900 SF

      Retail Spaces Near Future ALDI

      Retail spaces available near US 60 and Loop 202.
      4419 E Main St, Mesa, AZ 85206
      View Details
    • Contact for pricing
      21,320 SF

      Superstition Springs Power Center Retail

      Retail space in a large power center with freeway access.
      6315 E Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing
      2,836 SF

      Mesa Office Space Available

      Office space featuring reception area, offices, and conference room.
      4824 E Baseline Rd, Mesa, AZ 85206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1342 Power Rd
    Mesa, AZ 85206-3704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1342 Power Rd, Mesa, AZ, 85206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!