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Property profile & analytics
OFF-MARKET
Estimated value
$10,360,000
Strip malls
1833 Main St Mesa, AZ 85201-6922
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1512260
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
20,700 SF
Lot
2.93 ac (127,521 SF)
Zoning code
LI
APN
134-32-007A
UPID
US07-1512260
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
-
Brainy Actz Escape Rooms Mesa Arcade & Gaming Center
-
Disability Help Group Arizona Law Firm
-
Sun Snacks (Bike/Boat/Book/etc) Store
-
Gateway -mesa station Business Service Center Corporate Office
-
Ryan Winkle - Financial Evangelist Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.83M
Blend (final)
Blend
$10.36M
Owner & transaction history
Dv4 Mesa LLC · 4 yrs held
Dv4 Mesa LLC
since 2022
Last sale
$10.6M
4 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.3M
+105.5%
Commercial (general)
$12.7M
+96.7%
Auto repair, garage
$9.1M
+41.5%
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
$9,725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,445,000
Current use
RESTAURANT
$13,250,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,680,000
Change: +97% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,120,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$10.36M
Range $9.32M – $11.40M · ±10% · vs last sale $10.63M (Feb 15 2022)
Last sale anchor
$10.63M
Feb 15 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
$500 / 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
$64,264
Tax year 2023
Assessed value
$1,182,093
Assessed 2024
Previous assessed
$993,293
+19.0% YoY
Effective rate
5.44%
On assessed value
Land market value
$1,469,100
Improvement market value
$5,695,100
Total market value
$7,164,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
4
Stories
1
Units
4
Total area
20,700 SF
Lot
2.93 ac (127,521 SF)
Zoning code
LI
APN
134-32-007A
UPID
US07-1512260
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.4M
RESTAURANT
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1985
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
2.93 ac
Current owner
From public records · entity-resolved
Dv4 Mesa LLC
Entity
Mailing address
440 W 1ST ST STE #201, TUSTIN, CA 92780-3047
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$10,625,000
Dv4 Mesa LLC
Gateway Pbp Mesa Station LLC
Special Warranty Deed
$6,000,000 · Minnesota Life Insurance Company
Nov 21, 2014
$6,215,515
Gateway Pbp Mesa Stn LLC
Ps Business Parks LP
Grant Deed
—
Nov 8, 2006
$107,560
City Of Mesa
Ps Business Parks
Warranty Deed
—
Jan 2, 1997
$2,250,000
American Office Park Properties
Ps Partners 7 Ltd
Grant Deed
—
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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