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Property profile & analytics
OFF-MARKET
Estimated value
$2,665,000
Grocery and convenience stores
1956 Southern Ave Mesa, AZ 85204-5216
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US07-0823817
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2021
Construction
STEEL FRAME
Total area
4,984 SF
Lot
1.16 ac (50,460 SF)
Zoning code
GC
APN
139-06-003P
UPID
US07-0823817
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
-
Western Union Bank Credit Union
-
QuikTrip Gas Station
-
AAA Title Loans Title Company
-
Skincare by Tori Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.67M
Owner & transaction history
Southern Express LLC
Southern Express LLC
2 recorded transactions
Zoning & alternative use
GC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
se or display plants, shall not exceed 10,000 square feet. 3. Items displayed outdoors are limited to plants, soils, gravel, soil amendments and fertilizer. 4. Development standards shall comply with requirements of the GC-A district, see Table 11-6-3 B. D. Building Projections into Required Yards. Building projections of a single residence may extend into r…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,119.75 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$3.2M
+106.0%
Auto repair, garage
$2.2M
+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
COMMERCIAL (GENERAL)
$3,200,000
Change: +106% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,195,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$2.67M
Range $2.40M – $2.93M · ±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
$535 / 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
$24,895
Tax year 2023
Assessed value
$390,441
Assessed 2024
Previous assessed
$334,679
+16.7% YoY
Effective rate
6.38%
On assessed value
Land market value
$793,500
Improvement market value
$1,572,806
Total market value
$2,366,306
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
4,984 SF
Lot
1.16 ac (50,460 SF)
Zoning code
GC
APN
139-06-003P
UPID
US07-0823817
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Mesa, AZZoning GC · permitted uses
GC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
se or display plants, shall not exceed 10,000 square feet. 3. Items displayed outdoors are limited to plants, soils, gravel, soil amendments and fertilizer. 4. Development standards shall comply with requirements of the GC-A district, see Table 11-6-3 B. D. Building Projections into Required Yards. Building projections of a single residence may extend into required yards, subject to the following standards: 1. No projection may extend int
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,119.75 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2021
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Southern Express LLC
Entity
Mailing address
1116 E BROADWAY RD, TEMPE, AZ 85282-1506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Southern Express LLC
—
Deed Of Trust
related
$600,000 · Compass Bank
—
—
Southern Express LLC
—
Deed Of Trust
related
$150,000 · Compass 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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