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Property profile & analytics
OFF-MARKET
Strip malls
2110 Baseline Rd Mesa, AZ 85204-6970
Entity Owned
Free & Clear
Property ID
US07-1165092
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
3,744 SF
Lot
3.59 ac (156,436 SF)
Zoning code
LC
APN
140-62-300B
UPID
US07-1165092
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
-
Club Pilates Gym & Fitness Center
-
Planet Bronze Tan and Spa Alternative Medicine Practice Spa & Massage Center
-
Elements Compounding Pharmacy Pharmacy
-
Arizona Hair Co #06 - Gilbert & Baseline Hair Salon
-
Paradise Tax Tax Preparation
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
Ivt Mesa Shores 1031 LLC
Ivt Mesa Shores 1031 LLC
since 2025
Last sale
$36.8M
6 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 2023Property tax & assessments
Tax year 2023
Tax billed
$38,852
Tax year 2023
Assessed value
$727,282
Assessed 2024
Previous assessed
$687,106
+5.8% YoY
Effective rate
5.34%
On assessed value
Land market value
$2,398,100
Improvement market value
$2,009,672
Total market value
$4,407,772
Applied tax rate
411,000.0000
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
3,744 SF
Lot
3.59 ac (156,436 SF)
Zoning code
LC
APN
140-62-300B
UPID
US07-1165092
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
3.59 ac
Current owner
From public records · entity-resolved
Ivt Mesa Shores 1031 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
515 CONGRESS AVE STE #1925, AUSTIN, TX 78701-0024
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
$36,750,000
Ivt Mesa Shores 1031 LLC
Hvp V Epic Mesa LLC
Special Warranty Deed
—
May 23, 2022
—
Hvp V Epic Mesa LLC
—
Deed
related
$101,250,000 · Wells Fargo Bank NA
Apr 8, 2022
$30,300,000
Hvp V Epic Mesa LLC
Mesa Shores 00 LLC
Special Warranty Deed
—
Jan 11, 2018
—
Mesa Shores 00 LLC
—
Loan Modification
related
$16,000,000 · Miscellaneous Ins Co
Jan 6, 2017
—
Mesa Shores 00 LLC
—
Deed
related
$16,000,000 · Miscellaneous Ins Co
—
—
Mesa Shores 00 LLC
—
Deed Of Trust
related
$16,000,000 · Miscellaneous Ins Co
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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