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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
1849 Power Rd Mesa, AZ 85206-4332
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1578266
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
3,169 SF
Lot
4.52 ac (196,894 SF)
Zoning code
RM-3
APN
141-54-021C
UPID
US07-1578266
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
-
AZ Mobile Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Lakeview at Superstition Springs Real Estate Agency
-
Latent Inc. Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$580k
Owner & transaction history
Mg Lakeview Apartments Wfs · 8 yrs held
Mg Lakeview Apartments Wfs
since 2017
6 recorded transactions
Zoning & alternative use
RM-3 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+102.5%
Medical building
$750,000
+82.8%
Warehouse, storage
$535,000
+30.6%
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
OFFICE BUILDING
$410,000
Current use
RETAIL STORES
$830,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$750,000
Change: +83% · Conversion: Easy
WAREHOUSE, STORAGE
$535,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$183 / 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
$66,406
Tax year 2023
Assessed value
$1,864,290
Assessed 2024
Previous assessed
$1,366,180
+36.5% YoY
Effective rate
3.56%
On assessed value
Land market value
$4,040,900
Improvement market value
$14,602,000
Total market value
$18,642,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
10
Stories
1
Units
72
Total area
3,169 SF
Lot
4.52 ac (196,894 SF)
Zoning code
RM-3
APN
141-54-021C
UPID
US07-1578266
Jurisdiction
MARICOPA
Zoning & alternative use
RM-3 · Mesa, AZ
Zoning RM-3 · permitted uses
RM-3 · 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
$410,000
RETAIL STORES
Est. value
$830,000
MEDICAL BUILDING
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$535,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
10
Units
72
Lot
4.52 ac
Current owner
From public records · entity-resolved
Mg Lakeview Apartments Wfs
Individual
Mailing address
10505 SORRENTO VLY RD STE #300, SAN DIEGO, CA 92121-1619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
$101,000,000
Mg Lakeview Apartments Wfs
Fairfield Lakeview LLC
Trustees Deed
$70,700,000 · Cbre Multifamily Cap
Aug 22, 2014
$66,600,000
Fairfield Lakeview LLC
Lakeview Apt Corp
Trustees Deed
$47,400,000 · Cbre Multifamily Cap
Oct 21, 1997
—
Brett Torino
Torino Trust
Quit Claim Deed
related
—
Mar 27, 1997
$2,960,000
Mesa 306 L L C
Brett Torino
Trustees Deed
$2,950,000 · No New Mortgage
—
—
Mg Lakeview Apartments Wes LLC
—
Deed Of Trust
related
$16,163,000 · Cbre Multifamily Cap
—
—
Fairfield Lakeview LLC
—
Deed Of Trust
related
$11,750,000 · Cbre Multifamily Cap
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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