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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Industrial properties
1918 Higley Rd, Mesa, AZ 85205-3306
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0076199
Property summary
AI-generated overview
This 6,200-square-foot industrial property in Mesa, Arizona, offers a versatile blend of warehouse and office space. The building, constructed in 2006, features a 2,200-square-foot air-conditioned warehouse with a 14-foot roll-up door, perfect for storage and distribution. An additional 4,000 square feet is dedicated to office space, providing ample room for administrative functions. Located at 1918 N Higley Rd, 85205, this single-tenant property benefits from high visibility due to signage on Higley Road. The lease is a NNN (Net, Net, Net) agreement, with a monthly rent of $8,785, translating to $1.08 per square foot. This prime location offers easy access to major freeways including US-60, I-10, Loop 101, and 202, and is conveniently situated minutes from Falcon Field Airport. The property is zoned L-I by the City of Mesa. This is an exceptional opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving Arizona market.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2006
Construction
CONCRETE
Total area
4,200 SF
Lot
0.31 ac (13,439 SF)
Zoning code
LI
APN
141-35-042
UPID
US07-0076199
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
-
TRAIN4CHANGE LLC Training Center Tutoring Service
-
Unique Performance Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.14M
Owner & transaction history
Pull From Air LLC · 4 yrs held
Pull From Air LLC
since 2022
4 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+168.4%
Neighborhood: shopping center
$1.3M
+89.7%
Retail stores
$1.1M
+59.6%
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
INDUSTRIAL (GENERAL)
$690,000
Current use
AUTO REPAIR, GARAGE
$1,850,000
Change: +168% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$1,100,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$270 / 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
$11,078
Tax year 2023
Assessed value
$145,679
Assessed 2024
Previous assessed
$125,103
+16.4% YoY
Effective rate
7.60%
On assessed value
Land market value
$135,100
Improvement market value
$747,800
Total market value
$882,900
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,200 SF
Lot
0.31 ac (13,439 SF)
Zoning code
LI
APN
141-35-042
UPID
US07-0076199
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
INDUSTRIAL (GENERAL) Current
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$710,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Pull From Air LLC
Entity
Mailing address
1251 N TERRIPIN, MESA, AZ 85207-3815
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
Jan 11, 2022
—
Pull From Air LLC
Diane London Archer
Special Warranty Deed
—
Oct 31, 2016
—
Diane K London Archer
—
Deed
related
$153,241 · Washington Federal
Apr 23, 2014
—
John M Archer
Archer,diane L
Quit Claim Deed
related
—
Aug 2, 2006
$602,070
Diane K London
Dcsj LLC
Warranty Deed
$249,240 · Western National Bank
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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