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Property profile & analytics
OFF-MARKET
Estimated value
$20,240,000
Flex space
1720 Broadway Rd Mesa, AZ 85202-1165
Entity Owned
17-yr Hold
Free & Clear
Property ID
US07-1704856
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Construction
CONCRETE
Total area
119,244 SF
Lot
10.85 ac (472,495 SF)
Zoning code
LI
APN
134-32-034
UPID
US07-1704856
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
-
Huffman Brothers Electricians Electrical Service General Contractor
-
Mount Calvary Baptist Church - Mesa Church
-
Sparkletts Corporate Office
-
Mesa Insulation Specialists General Contractor Renovation Specialist
-
Stardust Building Supplies Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.24M
Blend (final)
Blend
$20.24M
Owner & transaction history
Zimmerman Commons LLC · 17 yrs held
Zimmerman Commons LLC
since 2008
4 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$31.3M
+59.6%
Medical building
$31.2M
+59.5%
Office building
$20.5M
+4.9%
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
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
INDUSTRIAL (GENERAL)
$19,580,000
Current use
RETAIL STORES
$31,255,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$31,230,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$20,535,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$20,160,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$20.24M
Range $18.22M – $22.26M · ±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
$170 / 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
$96,070
Tax year 2023
Assessed value
$2,601,077
Assessed 2024
Previous assessed
$1,813,730
+43.4% YoY
Effective rate
3.69%
On assessed value
Land market value
$4,044,700
Improvement market value
$11,719,400
Total market value
$15,764,100
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
1981
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
119,244 SF
Lot
10.85 ac (472,495 SF)
Zoning code
LI
APN
134-32-034
UPID
US07-1704856
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Mesa, AZ
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$19.6M
RETAIL STORES
Est. value
$31.3M
MEDICAL BUILDING
Est. value
$31.2M
OFFICE BUILDING
Est. value
$20.5M
WAREHOUSE, STORAGE
Est. value
$20.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1981
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
10.85 ac
Current owner
From public records · entity-resolved
Zimmerman Commons LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2150 E HIGHLAND AVE STE #207, PHOENIX, AZ 85016-4721
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2008
$7,000,000
Zimmerman Commons LLC
1720 West Broadway Commons LLC
Grant Deed
—
Oct 26, 2004
$100,000
Broadway Mesa Commons LLC
550 Wis LLC
Grant Deed
$562,500 · Copper Star Bank
Oct 26, 2004
$6,884,150
1720 West Broadway Commons LLC
550 Wis LLC
Grant Deed
$5,164,000 · Eurohypo Ag New York Branch
—
—
Zimmerman Commons LLC
—
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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