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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Flex space
157 Broadway Rd Mesa, AZ 85210-1624
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3308499
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Construction
STEEL FRAME
Total area
2,280 SF
Lot
0.33 ac (14,368 SF)
Zoning code
DB-2
APN
139-36-025A
UPID
US07-3308499
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
-
La mochila wheels and tires (Bike/Boat/Book/etc) Store Auto Parts Store
-
Established Buyers Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$870k
Owner & transaction history
Spe 157 E Broadway Rd LLC · 2 yrs held
Spe 157 E Broadway Rd LLC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
DB-2 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+109.2%
Neighborhood: shopping center
$710,000
+47.9%
Office building
$685,000
+42.7%
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
$1,180,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,005,000
Change: +109% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $1.17M (Jul 25 2023)
Last sale anchor
$1.17M
Jul 25 2023
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
$382 / 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
$6,251
Tax year 2022
Assessed value
$128,717
Assessed 2024
Previous assessed
$94,911
+35.6% YoY
Effective rate
4.86%
On assessed value
Land market value
$203,600
Improvement market value
$576,500
Total market value
$780,100
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
2,280 SF
Lot
0.33 ac (14,368 SF)
Zoning code
DB-2
APN
139-36-025A
UPID
US07-3308499
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
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
OFFICE BUILDING
Est. value
$685,000
MEDICAL BUILDING
Est. value
$595,000
RETAIL STORES
Est. value
$590,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1976
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Spe 157 E Broadway Rd LLC
Entity
Mailing address
10060 E PARADISE DR, SCOTTSDALE, AZ 85260-5917
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
$1,170,000
Spe 157 E Broadway Rd LLC
Hedges Properties LLC
Special Warranty Deed
$800,000 · Mark Harder
Sep 2, 2003
$500,000
Hedges Properties LLC
Spencers Air Conditioning & Ap
Grant Deed
$480,000 · Spencers Air Conditioning & Ap
Apr 8, 2003
$500,000
Spencers Air Conditioning
Fast Mart Food Store LLC
Grant Deed
—
Jul 28, 1994
—
Fast,mart Food Store L L C
Niemann
Grant Deed
related
—
Oct 7, 1993
—
Fast,mart Food Store LLC
Niemann
Grant Deed
related
—
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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