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    Property profile & analytics

    1801 Southern Ave Mesa, AZ 85204-5258

    • Medical Office Space
    • 4,704 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $1,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0074052
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Caffall, Wynn C, Dds / Dental Office
    • Dr. Elwynn Caffall / Dental Office
    • Mesa, AZ Dental Clinic / Dental Office
    • Lines Christopher DDS / Dental Office
    • Caffall Dental Care / Dental Office

    Property Details for 1801 Southern Ave

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    1.15 lot acres
    Property size
    4,704 SF
    Zone code
    OC
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    139-08-278A
    APU
    13908278A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,822,000
      Market price range: $664k - $1.82M
      AI Estimate
      $1,822,000
      Market price range: $664k - $1.82M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,230,000
      Current use
      COMMERCIAL (GENERAL)
      $3,020,000
      Change: +145% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,075,000
      Change: +68% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,465,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $1,235,000
      Change: +0% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.792
    Latitude
    33.393
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,425
    $0.00
    $0.00
    $352,651
    -
    $377,900
    $1,759,377
    $2,137,277

    Comparable in this City

    • Value Estimation
      $2,280,000
      6,768 SF

      2530 Southern Ave

      MEDICAL BUILDING • 6,768 SF
      2530 Southern Ave, Mesa, AZ 85204-5411
      View Details
    • Value Estimation by Request
      1,569 SF

      846 Stapley Dr

      DENTAL BUILDING • 1,569 SF
      846 Stapley Dr, Mesa, AZ 85204-4243
      View Details
    • Value Estimation
      $6,805,000
      28,607 SF

      1111 Stapley Dr

      MEDICAL BUILDING • 28,607 SF
      1111 Stapley Dr, Mesa, AZ 85204-5059
      View Details
    • Value Estimation
      $5,830,000
      15,044 SF

      1055 Stapley Dr, Unit 1

      MEDICAL BUILDING • 15,044 SF
      1055 Stapley Dr, Mesa, AZ 85204-5013
      View Details
    • Value Estimation
      $1,790,000
      6,310 SF

      2345 Southern Ave, Unit 101

      MEDICAL BUILDING • 6,310 SF
      2345 Southern Ave, Mesa, AZ 85204-5419
      View Details
    • Value Estimation
      $1,070,000
      6,700 SF

      1056 Val Vis Dr, Unit 101

      MEDICAL BUILDING • 6,700 SF
      1056 Val Vis Dr, Mesa, AZ 85204-5667
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Retail/Medical Building Available

      Freestanding 3,600 SF retail/medical building with high visibility.
      1120 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • $2,352,746
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      Mesa Industrial Investment Opportunity

      High-yield multi-tenant office/warehouse
      1818 Baseline Rd, Mesa, AZ 85204
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      Mesa Retail Space For Sale

      Retail space with high ceilings, roll-up door, and coolers.
      1315 S Gilbert Rd, Mesa, AZ 85204
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    • $550,000
      0.24 Acres

      Prime Mesa Commercial Corner Lot

      5-Room Office, Gated Parking, High Potential
      1027 Broadway Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      12,010 SF

      Mesa Land Parcel For Sale

      0.58 acre site with frontage on Gilbert Road.
      424 S Gilbert Rd, Mesa, AZ 85204
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      181,899 SF

      Mesa Medical Office Space for Lease

      Class A Medical Office Suites Available
      1840-1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      8,661 SF

      Class A Medical Center Space

      Medical office space available for lease in Mesa, Arizona.
      1840 S Stapley Dr, Mesa, AZ 85204
      View Details
    • $84 SF/Yr
      14,756 SF

      Mesa Executive Office Suites

      Prestigious Mesa office space, flexible options.
      1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • $216 SF/Yr
      1,472 SF

      Mesa Executive Office Suites

      Two Suites Available, 701-771 sq ft
      505 Val Vista Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      690 SF

      Mesa Office Space For Rent

      Second floor office space in prime Mesa location.
      1755 S Val Vista Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Mesa Office Space with Yard

      Office space with a large gated yard for rent.
      860-864 W Southern Ave, Mesa, AZ 85204
      View Details
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    1801 Southern Ave
    Mesa, AZ 85204-5258
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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