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Property profile & analytics
OFF-MARKET
Estimated value
$84,695,000
Specialty properties
1666 Dobson Rd, Mesa, AZ 85202-5679
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2986810
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2021
Construction
CONCRETE
Total area
14,296 SF
Lot
9.85 ac (429,217 SF)
Zoning code
LC
APN
305-02-422A
UPID
US07-2986810
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
-
Reflect at Dobson Ranch Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$84.70M
Owner & transaction history
Az Dobson Ranch Apartments LLC · 2 yrs held
Az Dobson Ranch Apartments LLC
since 2023
Last sale
$85.2M
7 recorded transactions
Zoning & alternative use
LC · 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
$83,640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$84.70M
Range $76.23M – $93.16M · ±10% · vs last sale $85.23M (Dec 22 2023)
Last sale anchor
$85.23M
Dec 22 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
$5,924 / 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
$30,529
Tax year 2023
Assessed value
$10,191,370
Assessed 2024
Previous assessed
$768,210
+1,226.6% YoY
Effective rate
0.30%
On assessed value
Land market value
$20,382,700
Improvement market value
$81,531,000
Total market value
$101,913,700
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2021
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
21
Stories
1
Total area
14,296 SF
Lot
9.85 ac (429,217 SF)
Zoning code
LC
APN
305-02-422A
UPID
US07-2986810
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.
Building & site characteristics
From public records
Year built
2021
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
21
Lot
9.85 ac
Current owner
From public records · entity-resolved
Az Dobson Ranch Apartments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
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
52 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
$85,225,000
Az Dobson Ranch Apartments LLC
Broadstone Dobson Ranch LLC
Special Warranty Deed
—
Sep 10, 2020
—
City Of Mesa
Broadstone Dobson Ranch LLC
Grant Deed
related
—
Jun 22, 2020
$10,650,000
Broadstone Dobson Ranch LLC
A & P Investments LLC
Grant Deed
—
Jun 22, 2020
$9,000,000
A & P Investments LLC
Kadash LLC
Warranty Deed
—
Oct 28, 2019
—
Kadash LLC
—
Deed
related
$2,425,000 · Resde LLC
Sep 30, 2014
$8,000,000
Kadash LLC
Pl Properties No 11 LLC
Grant Deed
$6,000,000 · Pl Properties No 11 LLC
Aug 29, 2014
$5,000,000
Pl Properties No 11 LLC
Mesa Hotel Investors LLC
Grant Deed
—
Jul 19, 2012
$58,065
Pi Properties 11 LLC
Tic Dobson Ranch 18 LLC
Grant Deed
—
Jul 19, 2012
$48,387
Pi Properties 11 LLC
Tic Dobson Ranch 19 LLC
Grant Deed
—
Jul 19, 2012
$32,258
Pi Properties 11 LLC
Tic Dobson Ranch 17 LLC
Grant Deed
—
Jul 19, 2012
$61,290
Pi Properties 11 LLC
Tic Dobson Ranch 20 LLC
Grant Deed
—
Jul 19, 2012
$20,005
Pi Properties 11 LLC
Tic Dobson Ranch 14 LLC
Grant Deed
—
Jul 19, 2012
$64,516
Pi Properties 11 LLC
Tic Dobson Ranch 13 LLC
Grant Deed
—
Jul 19, 2012
$32,903
Pi Properties 11 LLC
Tic Dobson Ranch 11 LLC
Grant Deed
—
Jul 19, 2012
$36,029
Pi Properties 11 LLC
Tic Dobson Ranch 16 LLC
Grant Deed
—
Jul 19, 2012
$38,194
Pi Properties 11 LLC
Tic Dobson Ranch 15 LLC
Grant Deed
—
Jul 19, 2012
$38,710
Pi Properties 11 LLC
Tic Dobson Ranch 10 LLC
Grant Deed
—
Jul 19, 2012
$89,032
Pi Properties 11 LLC
Tic Dobson Ranch 1 LLC
Grant Deed
—
Jul 19, 2012
$43,871
Pi Properties 11 LLC
Tic Dobson Ranch 9 LLC
Grant Deed
—
Jul 19, 2012
$83,871
Pi Properties 11 LLC
Tic Dobson Ranch 8 LLC
Grant Deed
—
Jul 19, 2012
$49,484
Pi Properties 11 LLC
Tic Dobson Ranch 7 LLC
Grant Deed
—
Jul 19, 2012
$41,935
Pi Properties 11 LLC
Tic Dobson Ranch 6 LLC
Grant Deed
—
Jul 19, 2012
$33,321
Pi Properties 11 LLC
Tic Dobson Ranch 4 LLC
Grant Deed
—
Jul 19, 2012
$23,226
Pi Properties 11 LLC
Tic Dobson Ranch 3 LLC
Grant Deed
—
Jul 19, 2012
$37,161
Pi Properties 11 LLC
Tic Dobson Ranch 23 LLC
Grant Deed
—
Apr 28, 2008
$386,943
Tic Dobson Ranch 15 LLC
Tic Dobson Ranch 14 LLC
Quit Claim Deed
related
—
Mar 26, 2008
$7,500,000
Mce Mesa Partners LLC
Geyser Dobson Ranch Gl LLC
Special Warranty Deed
$6,000,000 · Wells Fargo Bank NA
Mar 14, 2008
$326,806
Tic Dobson Ranch 22 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$392,171
Tic Dobson Ranch 21 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$376,478
Tic Dobson Ranch 23 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$620,929
Tic Dobson Ranch 20 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$490,209
Tic Dobson Ranch 19 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$588,257
Tic Dobson Ranch 18 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$333,340
Tic Dobson Ranch 11 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$4,300,000
Geyser Dobson Ranch Gl LLC
Patterson Co LP LLP
Grant Deed
—
Mar 14, 2008
—
Tic Dobson Ranch 1 LLC
Patterson Co LP LLP
Quit Claim Deed
related
$6,690,000 · Column Financial INC
Mar 14, 2008
$235,303
Tic Dobson Ranch 3 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$849,697
Tic Dobson Ranch 8 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$901,983
Tic Dobson Ranch 1 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$444,457
Tic Dobson Ranch 9 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$365,010
Tic Dobson Ranch 16 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$589,604
Tic Dobson Ranch 14 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$653,612
Tic Dobson Ranch 13 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$501,322
Tic Dobson Ranch 7 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$424,843
Tic Dobson Ranch 6 LLC
Dobson Ranch Inn
Grant Deed
—
Mar 14, 2008
$337,575
Tic Dobson Ranch 4 LLC
Dobson Ranch Inn
Grant Deed
—
Sep 17, 2001
—
Dobson Ranch Inn
Robert O Cummins Trustee
Grant Deed
related
$900,000 · Irwin Union Bank Fsb
—
—
Kadash LLC
—
Deed Of Trust
related
$2,425,000 · Resde LLC
—
—
Inn,dobson R
—
Deed Of Trust
related
$1,800,000 · Hanmi Bank
—
—
Dobson Ranch Inn
—
Deed Of Trust
related
$200,000 · Irwin Union Bank Fsb
—
—
Dobson Ranch Inn
—
Deed Of Trust
related
$1,500,000 · Mesa Bank
—
—
Robert O Cummings Trustee
—
Deed Of Trust
related
$500,000 · Mesa Bank
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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