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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Warehouses
1947 Higley Rd Mesa, AZ 85205-3307
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2674769
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE
Total area
3,400 SF
Lot
1.1 ac (47,986 SF)
Zoning code
GC
APN
141-44-001E
UPID
US07-2674769
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
-
R.V. Service Auto Repair Shop
-
Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.20M
Owner & transaction history
Roland Bernhard · 4 yrs held
Roland Bernhard
since 2022
7 recorded transactions
Zoning & alternative use
GC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+160.7%
Neighborhood: shopping center
$1.1M
+84.2%
Retail stores
$890,000
+55.1%
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
AUTO REPAIR, GARAGE
$1,500,000
Change: +161% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,060,000
Change: +84% · Conversion: Moderate
RETAIL STORES
$890,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$890,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$351 / 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
$20,475
Tax year 2023
Assessed value
$260,178
Assessed 2024
Previous assessed
$260,178
+0.0% YoY
Effective rate
7.87%
On assessed value
Land market value
$582,900
Improvement market value
$993,938
Total market value
$1,576,838
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
3,400 SF
Lot
1.1 ac (47,986 SF)
Zoning code
GC
APN
141-44-001E
UPID
US07-2674769
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Mesa, AZ
Zoning GC · permitted uses
GC · 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
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$890,000
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Roland Bernhard
Individual
Mailing address
29283 WILD ROSE DR, EVERGREEN, CO 80439-8439
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Apr 18, 2022
$3,076,000
Roland Bernhard
Belinda Nields
Correction Deed
related
—
Apr 5, 2022
$3,076,000
The Bernie Roland Trust
Belinda Nields
Special Warranty Deed
—
Apr 18, 2019
—
Nields,morgan W Trust
Nields,morgan W
Quit Claim Deed
related
—
Jul 2, 2018
$2,554,017
Morgan W Nields
Higley Realty LLC
Special Warranty Deed
$1,787,800 · Alaska USA FCU
Jul 2, 2018
—
Morgan Nields
Nields,belinda G
Quit Claim Deed
related
—
—
—
Higley Realty LLC
—
Deed Of Trust
related
$828,000 · Alliance Bank Of Arizona
—
—
Higley Realty LLC
—
Deed Of Trust
related
$439,800 · Irwin Union Bank Fsb
—
—
Higley Realty LLC
—
Deed Of Trust
related
$788,000 · National Bank Arizona
—
—
Higley Realty LLC
—
Deed Of Trust
related
$645,000 · Irwin Union Bank Fsb
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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