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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Strip malls
1955 Main St Mesa, AZ 85201-6919
Entity Owned
11-yr Hold
Free & Clear
Property ID
US07-0403076
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
CONCRETE
Total area
7,887 SF
Lot
0.7 ac (30,458 SF)
Zoning code
LI
APN
134-32-032
UPID
US07-0403076
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
-
Nani Musique Universal Vape Tours Alternative Medicine Practice
-
SkyHigh Smoke Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Arizona's Best Smoke Shop (Bike/Boat/Book/etc) Store
-
Spice Spirit Chinese Cuisine and Bar 麻辣诱惑 Restaurant
-
A&b tobacco and gift (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.14M
Owner & transaction history
Mesa Main Investment LLC · 11 yrs held
Mesa Main Investment LLC
since 2015
7 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+41.5%
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
NEIGHBORHOOD: SHOPPING CENTER
$2,455,000
Current use
AUTO REPAIR, GARAGE
$3,475,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$2,065,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±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
$271 / 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
$11,993
Tax year 2023
Assessed value
$242,435
Assessed 2024
Previous assessed
$210,460
+15.2% YoY
Effective rate
4.95%
On assessed value
Land market value
$464,200
Improvement market value
$1,005,100
Total market value
$1,469,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,887 SF
Lot
0.7 ac (30,458 SF)
Zoning code
LI
APN
134-32-032
UPID
US07-0403076
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Mesa Main Investment LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2710 E CAMELBACK RD STE #210, PHOENIX, AZ 85016-4318
Ownership since
2015
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
Sep 22, 2020
—
Mesa Main Investment LLC
—
Deed
related
$1,084,574 · Bank Of The West
Jun 30, 2016
—
Mesa Main Investment LLC
—
Deed
related
$1,200,000 · Bank Of The West
Jul 13, 2015
—
Mesa Main Investment LLC
Mesa Partners LLC
Quit Claim Deed
related
—
Jul 10, 2015
$2,375,000
Mesa Main Street Inv LLC
Mesa Partners LLC
Grant Deed
$1,415,000 · Bolour Associates INC
Oct 1, 2012
—
Mesa Partners LLC
Hanley Properties III LLC
Deed In Lieu Of Foreclosure
related
—
Aug 8, 2006
—
Hanley Properties III LLC
Owner Name Unavailable
Grant Deed
related
—
Apr 15, 2005
$7,400,000
Hanley Properties III LLC
Shifrin & Earle Three
Special Warranty Deed
—
Oct 31, 1994
$4,215,000
Shifrin Three
Marketplace Mesa
Grant Deed
—
Jun 2, 1989
—
Marketplace Mesa
—
Deed Of Trust
related
—
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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