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Property profile & analytics
OFF-MARKET
Outlet malls
2049 Broadway Rd Mesa, AZ 85202-1171
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0980061
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1976
Construction
CONCRETE
Total area
44,125 SF
Lot
5.35 ac (232,907 SF)
Zoning code
LC
APN
134-39-008N
UPID
US07-0980061
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
-
Call it New / Call it Antique - Mesa, AZ Home Decor Store (Bike/Boat/Book/etc) Store
-
Archuleta fotografia & Video Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rce Properties LLC · 4 yrs held
Rce Properties LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$29,029
Tax year 2022
Assessed value
$1,024,441
Assessed 2024
Previous assessed
$904,808
+13.2% YoY
Effective rate
2.83%
On assessed value
Land market value
$3,847,300
Improvement market value
$2,361,432
Total market value
$6,208,732
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
44,125 SF
Lot
5.35 ac (232,907 SF)
Zoning code
LC
APN
134-39-008N
UPID
US07-0980061
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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.
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.35 ac
Current owner
From public records · entity-resolved
Rce Properties LLC
Entity
Mailing address
2049 W BROADWAY RD, MESA, AZ 85202-1171
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
$3,000,000
Rce Properties LLC
Mgf Property LLC
Special Warranty Deed
$2,100,000 · Nicolet National Bank
Dec 28, 2012
$1,250,000
Mgf Property LLC
Ocm Mercado LLC
Grant Deed
—
Jul 27, 2011
$500,000
Ocm Mercado LLC
Timmerman,henry L
Trustees Deed
—
Apr 19, 2011
—
Ardell,daniel M
—
Trustees Deed
related
$1,725,000 · Us Bank NA Series 1998-c2 (ce)
Apr 29, 1998
—
Savers Center LLC
Ardell,daniel M
Grant Deed
related
—
Feb 18, 1998
$2,300,000
Daniel M Ardell
Lawrence & Geyser Mesa Partner
Grant Deed
$1,725,000 · Northland Financial Co
Apr 4, 1995
$1,150,000
Lawrence Partners
Wickes Asset Mgmt INC
Grant Deed
$700,000 · Seller
Oct 16, 1987
—
Asset Man Wickes
—
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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