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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Medical Office Space
160 University Dr D Mesa, AZ 85201-5833
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0132872
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
3,040 SF
Lot
0.24 ac (10,542 SF)
Zoning code
DB-1
APN
137-27-092A
UPID
US07-0132872
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
-
Cassidy Craig R DO Ophthalmologist
-
Arizona Lasik Medical Clinic Hospital
-
Valley Outpatient Surgery Center Medical Clinic Hospital
-
Horizon Human Services Charitable Organization Social Service Agency
-
Valley Eye Specialists Ophthalmology Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$620k
Owner & transaction history
Dsv LLC · 2 yrs held
Dsv LLC
since 2023
Last sale
$633,500
7 recorded transactions
Zoning & alternative use
DB-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$945,000
+18.9%
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
$795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $634k (Oct 3 2023)
Last sale anchor
$634k
Oct 3 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
$204 / 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
Assessed value
$74,497
Assessed 2024
Previous assessed
$66,330
+12.3% YoY
Land market value
$133,400
Improvement market value
$363,246
Total market value
$496,646
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
3,040 SF
Lot
0.24 ac (10,542 SF)
Zoning code
DB-1
APN
137-27-092A
UPID
US07-0132872
Jurisdiction
MARICOPA
Zoning & alternative use
DB-1 · Mesa, AZ
Zoning DB-1 · permitted uses
DB-1 · 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
MEDICAL BUILDING Current
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
OFFICE BUILDING
Est. value
$675,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1989
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Dsv LLC
Entity
Mailing address
1630 S STAPLEY DR STE #229, MESA, AZ 85204-6660
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$633,500
Dsv LLC
Horizon Health And Wellness INC
Special Warranty Deed
$483,500 · Gateway Commercial Bank
Apr 22, 2019
—
Horizon Health & Wellness INC
—
Grant Deed
related
$5,060,909 · Western St Bk
Mar 21, 2017
—
Horizon Health & Wellness INC
—
Trustees Deed
related
$412,120 · Western St Bk
Jan 21, 2009
—
Horizon Human Services INC
Bobb Commercial LLC
Grant Deed
related
—
Dec 31, 2008
$422,100
Horizon Human Services INC
Legacy Investments LLC
Grant Deed
$337,680 · Great Western Bank
Jan 5, 1994
—
Bobb Commercial LLC
Bobb
Quit Claim Deed
related
—
—
—
Horizon Human Services INC
—
Deed Of Trust
related
$242,900 · Western State Bank
—
—
Horizon Health & Wellness INC
—
Deed Of Trust
related
$1,000,000 · Western St Bk
—
—
Horizon Health & Wellness INC
—
Loan Modification
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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