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Property profile & analytics
OFF-MARKET
Flex space
2140 Broadway Rd Mesa, AZ 85202-1895
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0932122
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
47,022 SF
Lot
3.51 ac (152,813 SF)
Zoning code
LI
APN
134-37-015
UPID
US07-0932122
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
-
NUS, Inc. Furniture & Home Goods
-
Hughes Supply - Mesa Plumbing Service Building Supply
-
Banner Health Home Medical Equipment Production Facility
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
Cip Broadway LLC · 1 yrs held
Cip Broadway LLC
since 2024
Last sale
$168.3M
7 recorded transactions
Zoning & alternative use
LI · 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
$50,144
Tax year 2023
Assessed value
$1,231,131
Assessed 2024
Previous assessed
$862,631
+42.7% YoY
Effective rate
4.07%
On assessed value
Land market value
$1,599,500
Improvement market value
$5,861,900
Total market value
$7,461,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
47,022 SF
Lot
3.51 ac (152,813 SF)
Zoning code
LI
APN
134-37-015
UPID
US07-0932122
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.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.51 ac
Current owner
From public records · entity-resolved
Cip Broadway LLC
Entity
Mailing address
2000 AVE OF THE STARS FL #11, LOS ANGELES, CA 90067-4732
Ownership since
2024
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
Dec 31, 2024
$168,262,000
Cip Broadway LLC
Ccf Ind Broadway LLC
Grant Deed
$93,800,000 · Gim Us Cml Fund LP
Jul 21, 2020
—
Ccf Ind Broadway LLC
Ccf Bkm Broadway LLC
Quit Claim Deed
related
—
Feb 5, 2020
$107,500,000
Ccf Bkm Broadway LLC
Western B West Az LLC
Grant Deed
$59,180 · Bank Of America
Oct 1, 2019
—
Westerm B West Az LLC
—
Deed
related
—
Nov 9, 2015
—
Western B West Az LLC
Iit Broadway 101 Cc LLC
Grant Deed
related
—
May 15, 2013
$33,419,783
Iit Broadway 101 Cc LLC
Broadway 101 Venture II LLC
Grant Deed
—
Aug 1, 2007
—
Broadway 101 Venture II LLC
Owner Name Unavailable
Grant Deed
related
—
Mar 28, 2007
—
Broadway 101 Venture II LLC
Broadway 101 Venture LLC
Quit Claim Deed
related
$22,020,000 · J P Morgan Chase 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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