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Property profile & analytics
FOR LEASE
Office buildings
1845 South Dobson Rd Mesa, AZ 85202
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-3337725
For Lease
$22 SF/Yr
1845 South Dobson Rd, Mesa, AZ 85202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
CONCRETE
Total area
20,517 SF
Lot
1.86 ac (81,200 SF)
Zoning code
LC
APN
305-02-427C
UPID
US07-3337725
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
-
Judith Rand, PhD Physician Medical Clinic
-
Gordon W. Cuddeby, PHD Physician Medical Clinic
-
Dr. Benet R. Press, MD Physician
-
Wright Kimberly PHD Physician Medical Clinic
-
Dr. Judith Rand Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$3.98M
Owner & transaction history
Continental Commercial Group LLC · 4 yrs held
Continental Commercial Group LLC
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+52.2%
Medical building
$5.4M
+52.1%
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
$3,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,535,000
Current use
RETAIL STORES
$5,380,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$5,375,000
Change: +52% · Conversion: Easy
WAREHOUSE, STORAGE
$3,470,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,370,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.06M (Jun 3 2022)
Last sale anchor
$3.06M
Jun 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
$194 / 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
$26,600
Tax year 2023
Assessed value
$445,616
Assessed 2024
Previous assessed
$406,844
+9.5% YoY
Effective rate
5.97%
On assessed value
Land market value
$1,233,700
Improvement market value
$1,467,000
Total market value
$2,700,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
20,517 SF
Lot
1.86 ac (81,200 SF)
Zoning code
LC
APN
305-02-427C
UPID
US07-3337725
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
OFFICE BUILDING Current
Est. value
$3.5M
RETAIL STORES
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1983
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Continental Commercial Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5504 SEPULVEDA BLVD, CULVER CITY, CA 90230-5514
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
—
Continental Commercial Group LLC
—
Deed
related
$600,000 · American Business Bank
Jun 3, 2022
$3,056,250
Continental Commercial Group LLC
1845 South Dobson LLC
Warranty Deed
—
Aug 31, 2015
$2,225,000
1845 South Dobson LLC
Mercury Trading Company
Cash Sale Deed
—
Aug 23, 2005
$2,600,000
Mercury Trading Co
Rcn Properties LLC
Special Warranty Deed
$1,000,000 · National Bank Of Arizona
Oct 1, 2002
$2,250,000
Rcn Properties LLC
M R T LLC
Grant Deed
$1,575,000 · Bank Of America
Jul 31, 1998
$1,900,000
Mrt LLC
Price,ted N
Grant Deed
$1,425,000 · Us Bank
Mar 21, 1990
$1,512,349
Financial Dobson
Dobson Financial
Grant Deed
related
—
—
—
1845 South Dobson LLC
—
Loan Modification
related
$2,660,000 · Midfirst Bk
—
—
Ted N Price JR.
—
Deed Of Trust
related
$165,000 · Csi Mortgage
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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