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Property profile & analytics
OFF-MARKET
Estimated value
$5,875,000
Strip malls
1350 Longmore Mesa, AZ 85202-9601
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-3385054
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
45,630 SF
Lot
5.48 ac (238,596 SF)
Zoning code
LC
APN
134-26-762A
UPID
US07-3385054
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
-
AMMP - Academy of Modern Music Production Vocational School Training Center
-
Stop and Go Driving School Training Center Vocational School
-
1-800-Flowers Mesa (Bike/Boat/Book/etc) Store Florist
-
Vision Restoration Contractors Hardware & Home Improvement Construction Company
-
SIKK Beach Cruiser Bicycles (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.87M
Blend (final)
Blend
$5.88M
Owner & transaction history
Irving Junior Properties LLC · 3 yrs held
Irving Junior Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.9M
+27.9%
Warehouse, storage
$7.7M
+25.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$6,140,000
Current use
OFFICE BUILDING
$7,855,000
Change: +28% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,715,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$5.88M
Range $5.29M – $6.46M · ±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
$129 / 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
$52,169
Tax year 2023
Assessed value
$813,665
Assessed 2024
Previous assessed
$658,597
+23.5% YoY
Effective rate
6.41%
On assessed value
Land market value
$2,235,200
Improvement market value
$2,696,100
Total market value
$4,931,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
45,630 SF
Lot
5.48 ac (238,596 SF)
Zoning code
LC
APN
134-26-762A
UPID
US07-3385054
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
$6.1M
OFFICE BUILDING
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.48 ac
Current owner
From public records · entity-resolved
Irving Junior Properties LLC
Entity
Mailing address
4885 S 900TH E, SALT LAKE CITY, UT 84117-5746
Ownership since
2023
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
May 12, 2023
—
Irving Junior Properties LLC
High Summit Real Estate Investments
Special Warranty Deed
—
Jan 6, 2021
$2,675,000
High Summit Real Estate I
Lee & Kad LLC
Grant Deed
—
Apr 3, 2020
—
Valley Korean Presbyterian Ch
Korean Presbyterian C Chandler
Quit Claim Deed
related
$90,000 · Ks Statebank
Jun 28, 2017
—
Lee & Kad LLC
—
Deed
related
$150,000 · Kenwood Mortgage Investments INC
Jan 13, 2016
$1,587,000
Lee & Kad LLC
Richmond Props Of California
Grant Deed
$1,100,000 · Friedman Alan & Gay Trust (pt)
Jan 19, 2006
—
Three Fountains Plaza Co
Three Fountains Plaza
Quit Claim Deed
related
—
Mar 7, 2001
—
Richmond Properties Of Ca
Edmond N Richmond Estate
Quit Claim Deed
related
—
Aug 20, 1996
$3,750,000
Richmond Estate
Lincoln Company #2120 L P
Grant Deed
—
—
—
Three Fountains Plaza Co
—
Deed Of Trust
related
$2,700,000 · Redwood Santana LLC
—
—
Richmond Properties LLC
—
Deed Of Trust
related
$700,000 · Amerus Life Insurance Co
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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