New search
Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Warehouses
2233 Main St, Mesa, AZ 85213-9108
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-0745129
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
CONCRETE
Total area
2,688 SF
Lot
1.12 ac (48,735 SF)
Zoning code
GC
APN
140-25-005E
UPID
US07-0745129
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
-
Strictly UTV Off Road Car Dealership Motorcycle Shop
-
Steve's Cycles & Off-Road Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$945k
Owner & transaction history
Main Street Property Group LLC · 7 yrs held
Main Street Property Group LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+160.7%
Neighborhood: shopping center
$835,000
+84.2%
Retail stores
$705,000
+55.1%
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
AUTO REPAIR, GARAGE
$1,185,000
Change: +161% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +84% · Conversion: Moderate
RETAIL STORES
$705,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$705,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$352 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,221
Tax year 2022
Assessed value
$208,931
Assessed 2024
Previous assessed
$180,098
+16.0% YoY
Effective rate
5.85%
On assessed value
Land market value
$469,200
Improvement market value
$797,047
Total market value
$1,266,247
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,688 SF
Lot
1.12 ac (48,735 SF)
Zoning code
GC
APN
140-25-005E
UPID
US07-0745129
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Mesa, AZ
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1976
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Main Street Property Group LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5645 E EMERALD CIR, MESA, AZ 85206-5824
Ownership since
2019
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
May 15, 2019
—
Main Street Property Group LLC
Tw/jle Trust
Warranty Deed
—
Aug 25, 2015
—
Daryl Earl
Earl,daryl
Quit Claim Deed
related
—
Dec 18, 2012
$138,750
2309 E Apache LLC
Root,roger
Grant Deed
$138,750 · Root Roger Trust (pt)
May 2, 2012
—
Robert S Woolsey
Root Jacquelyn Trust
Grant Deed
—
Jun 7, 2006
—
Earl Family Trust
Earl Family Trust
Quit Claim Deed
related
—
Apr 10, 2000
—
Earl Trust
Earl,val F & Delores J
Quit Claim Deed
related
—
Jan 30, 1998
—
Root Trust
Root,roger A
Quit Claim Deed
related
—
Aug 28, 1997
—
Jacquelyn Root
Jacquelyn Root
Quit Claim Deed
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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