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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
1345 Main St Mesa, AZ 85203-8947
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1119021
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE
Total area
10,836 SF
Lot
0.37 ac (15,978 SF)
Zoning code
GC
APN
138-09-011A
UPID
US07-1119021
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
-
Happy Kids Pediatrics Pediatrician Medical Clinic
-
Renal Transport Systems Inc Trucking Company
-
Sergio Montes: Allstate Insurance Insurance Agency
-
Dr. Suhir Bitar Pediatrician Medical Clinic
-
Ms. Brittany Snow Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.41M
Owner & transaction history
Ballesteros Property Management LLC · 4 yrs held
Ballesteros Property Management LLC
since 2022
7 recorded transactions
Zoning & alternative use
GC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,000,000
Current use
WAREHOUSE, STORAGE
$1,830,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10%
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
$130 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,755
Tax year 2022
Assessed value
$163,284
Assessed 2024
Previous assessed
$137,326
+18.9% YoY
Effective rate
5.36%
On assessed value
Land market value
$222,500
Improvement market value
$767,100
Total market value
$989,600
Applied tax rate
41,000.0000
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
1975
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
10,836 SF
Lot
0.37 ac (15,978 SF)
Zoning code
GC
APN
138-09-011A
UPID
US07-1119021
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Mesa, AZ
Zoning GC · permitted uses
GC · 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
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1975
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ballesteros Property Management LLC
Entity
Mailing address
1345 E MAIN ST, MESA, AZ 85203-8947
Ownership since
2022
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
Jun 30, 2022
—
Ballesteros Property Management LLC
J F Carrazco
Special Warranty Deed
$950,000 · First Fidelity Bank
Jan 2, 2020
—
Ballesteros Prop Mgmt LLC
Carrazco Living Trust
Warranty Deed
—
Jan 6, 2012
—
Ballesteros Property Management LLC
J F Carrazco
Warranty Deed
$1,125,000 · Zions First National Bank
Dec 7, 2004
$966,000
Carrazco Trust
Share-zwick Trust
Grant Deed
$725,000 · Meridian Bk
Jun 30, 1997
$845,000
Share-zwick Trust
Lazona Square INC
Grant Deed
$672,000 · Seller
Jan 4, 1996
$400,000
Phoenix Equity Partners II
Stream Associates INC
Grant Deed
related
—
Apr 28, 1995
—
Carson W Newton
Newton
Quit Claim Deed
related
—
—
—
Lazona Square INC
—
Deed Of Trust
related
$375,000 · Hilton Financial Group
—
—
Ballesteros Property Mgmt LLC
—
Deed Of Trust
related
$1,125,000 · Zions Bk
—
—
Carrazco Living Trust
—
Loan Modification
related
$625,543 · Private Individual
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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