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Property profile & analytics
OFF-MARKET
Estimated value
$8,005,000
Day care centers
1842 Crismon Rd, Mesa, AZ 85209-3706
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-1049866
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2008
Construction
STEEL FRAME
Total area
25,787 SF
Lot
3.04 ac (132,498 SF)
Zoning code
LC
APN
220-81-776
UPID
US07-1049866
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
-
Crème de la Crème Learning Center of Mesa High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.09M
Blend (final)
Blend
$8.01M
Owner & transaction history
Ece I LLC · 12 yrs held
Ece I LLC
since 2014
4 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.4M
+57.2%
Neighborhood: shopping center
$8.0M
+11.1%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$7,230,000
Current use
AUTO REPAIR, GARAGE
$11,365,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,030,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$6,760,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$6,755,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.01M
Range $7.20M – $8.81M · ±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
$310 / 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
$46,825
Tax year 2023
Assessed value
$752,334
Assessed 2024
Previous assessed
$638,950
+17.7% YoY
Effective rate
6.22%
On assessed value
Land market value
$1,681,000
Improvement market value
$5,842,336
Total market value
$7,523,336
Applied tax rate
41,012.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
25,787 SF
Lot
3.04 ac (132,498 SF)
Zoning code
LC
APN
220-81-776
UPID
US07-1049866
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
RETAIL STORES
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.8M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Ece I LLC
Entity
Free & Clear · 12 yrs held
Mailing address
909 WALNUT ST STE #200, KANSAS CITY, MO 64106-2003
Ownership since
2014
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
Jan 24, 2014
$6,775,000
Ece I LLC
Store Capital Acquisitions LLC
Grant Deed
—
Aug 13, 2012
—
Store Capital Acquisitions LLC
Store Master Funding I LLC
Quit Claim Deed
—
Oct 7, 2011
$6,254,887
Store Master Funding I LLC
Tutor Crismon Group LLC
Warranty Deed
—
Jul 20, 2007
$1,430,000
Tutor Crismon Group LLC
Wl Crismon LLC
Special Warranty Deed
$8,276,720 · Wells Fargo Bank NA
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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