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Property profile & analytics
OFF-MARKET
Estimated value
$19,035,000
Individual retail properties
1728 Greenfield Rd Mesa, AZ 85206-3485
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-1547923
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2005
Construction
CONCRETE
Total area
35,271 SF
Lot
7.16 ac (311,852 SF)
Zoning code
LI
APN
140-67-088
UPID
US07-1547923
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
-
Adapt Chiropractic Alternative Medicine Practice
-
SafeSplash Swim School - Greenfield Swimming School Swimming Instructor
-
The Fluff Hut Pet Grooming Service
-
Blessed Bronze Tanning Salon
-
ADOT Third Party MVS Services Driver'S License Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.52M
Blend (final)
Blend
$19.04M
Owner & transaction history
Gateway Jl LLC · 3 yrs held
Gateway Jl LLC
since 2022
Last sale
$18.9M
7 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mbers in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP LI GI HI Additional Standards Lot and Density Standards Minimum Site Area (acre) 2.5 1.0 1.0 1.0 Minimum Lot Width (ft.) 100 100 100 100 Min…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
10,916.12 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$22.6M
+135.6%
Restaurant
$22.6M
+135.0%
Auto repair, garage
$15.5M
+61.8%
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
$19,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,630,000
Change: +136% · Conversion: Difficult
RESTAURANT
$22,575,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,540,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$19.04M
Range $17.13M – $20.94M · ±10% · vs last sale $18.90M (Oct 3 2022)
Last sale anchor
$18.90M
Oct 3 2022
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
$540 / 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
$109,598
Tax year 2023
Assessed value
$2,107,298
Assessed 2024
Previous assessed
$1,668,839
+26.3% YoY
Effective rate
5.20%
On assessed value
Land market value
$3,705,200
Improvement market value
$9,066,300
Total market value
$12,771,500
Applied tax rate
411,000.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
35,271 SF
Lot
7.16 ac (311,852 SF)
Zoning code
LI
APN
140-67-088
UPID
US07-1547923
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Mesa, AZZoning LI · permitted uses
LI · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mbers in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP LI GI HI Additional Standards Lot and Density Standards Minimum Site Area (acre) 2.5 1.0 1.0 1.0 Minimum Lot Width (ft.) 100 100 100 100 Minimum Lot Depth (ft.) 100 100 100 100 Maximum Lot Coverage (% of lot) 90% 90% 90% 9
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
10,916.12 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$22.6M
RESTAURANT
Est. value
$22.6M
AUTO REPAIR, GARAGE
Est. value
$15.5M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
7.16 ac
Current owner
From public records · entity-resolved
Gateway Jl LLC
Entity
Free & Clear · 3 yrs held
Mailing address
12339 DENHOLM DR, EL MONTE, CA 91732-3613
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$18,900,000
Gateway Jl LLC
Hh Greenfield Gateway LLC
Special Warranty Deed
—
Oct 30, 2019
—
Hh-greenfield Gateway LLC
—
Grant Deed
related
$10,900,000 · Other Institutional Lenders
Jun 27, 2014
$7,975,000
Greenfield Gateway Retail Investmen
Ix Cw Greenfield Gateway LP
Special Warranty Deed
—
Feb 3, 2014
$7,291,507
Ix Cw Greenfield Gateway LP
1728 & 1762 South Greenfie
Grant Deed
—
Feb 24, 2010
$10,000,000
1728 Greenfield
Security Title Agency INC
Trustees Deed
—
Mar 30, 2005
—
Ctw-greenfield Gateway LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Ix Cw Greenfield Gateway LP
—
Deed Of Trust
related
$127,200,000 · Goldman Sachs Bk USA
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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