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Property profile & analytics
FOR LEASE
Parking lots & garages
1839 S Alma School Rd, Mesa, AZ 85210
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1088929
For Lease
1 / 12
$24 SF/Yr
1839 S Alma School Rd, Mesa, AZ 85210
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Property summary
AI-generated overview
This exceptional three-story office building, Alma School Corporate Center III, offers a prime location in desirable West Mesa, Arizona. Situated at 1839 S Alma School Rd, Mesa, AZ 85210, this property boasts a total of 69,916 square feet of executive office space, with multiple tenancy options available. Currently, there are 21,529 square feet of vacant space ready for immediate occupancy, divisible into units ranging from a minimum of 1,229 square feet to a maximum contiguous space of 4,434 square feet. Nine individual spaces are currently available. The building provides convenient covered parking for tenants. Located in Maricopa County, this property presents a fantastic opportunity for businesses seeking modern, efficient, and well-situated office space in a thriving area. The address is easily accessible and offers excellent visibility. This is an ideal location for businesses seeking a professional and convenient workspace in the heart of West Mesa. The building's design and layout are conducive to a variety of business needs, making it a versatile option for companies of all sizes. Contact us today to learn more about the available spaces and schedule a viewing.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1986
Construction
CONCRETE
Total area
96,700 SF
Lot
3.35 ac (146,048 SF)
Zoning code
OC
APN
134-26-318A
UPID
US07-1088929
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
-
AHG Home Warranty Home Appliance Store
-
Bridgers & Paxton Engineering Consultant
-
National Precision Building Supply Construction Company
-
LR-J Health Solutions- Laura Ritchie-Johnston Insurance Agency
-
Dawn Bahr, REALTOR® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.07M
Blend (final)
Blend
$25.07M
Owner & transaction history
ALMA INVESTMENT PARTNERSHIP
ALMA INVESTMENT PARTNERSHIP
Zoning & alternative use
OC · 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
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
PARKING LOT
$39,080,000
Current use
Blend value · Realmo final
$25.07M
Range $22.56M – $27.57M · ±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
$259 / 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
$132,303
Tax year 2023
Assessed value
$2,070,211
Assessed 2024
Previous assessed
$2,645,982
-21.8% YoY
Effective rate
6.39%
On assessed value
Land market value
$2,015,300
Improvement market value
$10,531,435
Total market value
$12,546,735
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
96,700 SF
Lot
3.35 ac (146,048 SF)
Zoning code
OC
APN
134-26-318A
UPID
US07-1088929
Jurisdiction
MARICOPA
Zoning & alternative use
OC · Mesa, AZ
Zoning OC · permitted uses
OC · 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
PARKING LOT Current
Est. value
$39.1M
PARKING LOT Current
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
1986
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
3.35 ac
Current owner
From public records · entity-resolved
ALMA INVESTMENT PARTNERSHIP
Individual
Free & Clear · 0 yrs held
Mailing address
7201 E CAMELBACK RD STE #250, SCOTTSDALE, AZ 85251-3317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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