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Property profile & analytics
FOR LEASE
Retail space
2120 W Guadalupe Rd Mesa, AZ 85202
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-0326835
For Lease
1 / 2
Contact for pricing
2120 W Guadalupe Rd, Mesa, AZ 85202
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
CONCRETE
Total area
6,301 SF
Lot
1.5 ac (65,351 SF)
Zoning code
LC
APN
305-04-997B
UPID
US07-0326835
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
-
First Impression Dentistry Dental Office
-
NailSpa & iLash Lounge Nail Salon
-
Gorgon Tattoo Studio Tattoo & Piercing Shop
-
Drastic Changes Tattoo Studio Tattoo & Piercing Shop
-
Dogonegood Pet Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$860k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
2120 W Guadalupe LLC · 6 yrs held
2120 W Guadalupe LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug store…
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
4,253.61 ac
Source
code of ordinances
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
$1,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$795,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,650,000
Current use
MEDICAL BUILDING
$1,650,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.37M (Jan 29 2020)
Last sale anchor
$1.37M
Jan 29 2020
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
$200 / 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
$28,283
Tax year 2023
Assessed value
$374,713
Assessed 2024
Previous assessed
$325,584
+15.1% YoY
Effective rate
7.55%
On assessed value
Land market value
$1,028,900
Improvement market value
$1,242,091
Total market value
$2,270,991
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
6,301 SF
Lot
1.5 ac (65,351 SF)
Zoning code
LC
APN
305-04-997B
UPID
US07-0326835
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZZoning LC · permitted uses
LC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug stores, fast-food restaurants, hardware and building supply stores, gas stations with convenience stores, and restaurants and cafes. Other typical uses include, but are not limited to, those anchors and large commercial developments that are typically located within a regional mall, retail outlet, or power center. Other compatible uses include medical and professional offices, as well as public and semi-public uses. 3.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
4,253.61 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES Current
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
2120 W Guadalupe LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8954 W MONROE ST APT #8, PEORIA, AZ 85345-9401
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
$1,367,000
2120 W Guadalupe LLC
Peppertree Plaza LLC
Grant Deed
—
Dec 9, 2019
$3,223,000
2050 W Guadalupe LLC
Debson Square Property LLC
Special Warranty Deed
$2,256,100 · State Bank Of Arizona
Apr 1, 2010
—
Peppertree Plaza LLC
Mchenry David J Family Trust
Grant Deed
—
Jul 18, 2002
$1,300,000
Mchenry Trust
Hom,william F
Grant Deed
$975,000 · Us Bank NA
Apr 6, 1999
$1,200,000
William F Hom
S M G Investments LLC
Grant Deed
$800,000 · Pacific Crest Bank
Dec 8, 1994
—
M G Investments L L C S
Peppertree Partnership
Grant Deed
related
—
Sep 9, 1994
—
S M G L P
Peppertree Partnership
Quit Claim Deed
related
—
Aug 26, 1994
—
Peppertree Partnership
Smg Corp
Grant Deed
related
—
Sep 15, 1993
—
Sam Giglio
Giglio
Quit Claim Deed
related
—
—
—
Mchenry David J Family Trust
—
Deed Of Trust
related
$975,000 · Us Bank NA
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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