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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Medical Office Space
2250 Southern Ave, Mesa, AZ 85202-4736
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0270074
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
CONCRETE
Total area
7,952 SF
Lot
1.52 ac (66,255 SF)
Zoning code
NC
APN
134-42-395D
UPID
US07-0270074
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
-
Desert Cliffs Medical Plaza Medical Clinic
-
Desert Cliffs Surgery Center Medical Clinic Hospital
-
Dr. Robert D Griego Physician Medical Clinic
-
Daniel Skinner, MD: Board-Certified Dermatologist Physician Medical Clinic
-
Brian Wanner, DO - Dermatologist Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Dc Medical Plaza LLC · 2 yrs held
Dc Medical Plaza LLC
since 2024
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
NC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+0.1%
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
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,085,000
Current use
RETAIL STORES
$2,085,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.83M (Feb 29 2024)
Last sale anchor
$1.83M
Feb 29 2024
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
$230 / 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
$24,315
Tax year 2023
Assessed value
$403,190
Assessed 2024
Previous assessed
$403,190
+0.0% YoY
Effective rate
6.03%
On assessed value
Land market value
$1,010,000
Improvement market value
$1,433,578
Total market value
$2,443,578
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,952 SF
Lot
1.52 ac (66,255 SF)
Zoning code
NC
APN
134-42-395D
UPID
US07-0270074
Jurisdiction
MARICOPA
Zoning & alternative use
NC · Mesa, AZ
Zoning NC · permitted uses
NC · 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
MEDICAL BUILDING Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING Current
RETAIL STORES
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
PACKAGE
Cooling
Yes
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Dc Medical Plaza LLC
Entity
Mailing address
2250 W SOUTHERN AVE, MESA, AZ 85202-4736
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
$1,825,000
Dc Medical Plaza LLC
Desert Ridge Medical Plaza LLC
Special Warranty Deed
$1,825,000 · Investment Property Exchange Servic
Dec 21, 2023
$1,825,000
Dc Medical Plaza LLC
Desert Cliffs Medical Plaza LLC
Special Warranty Deed
$1,825,000 · Desert Cliffs Medical Plaza LLC
Jul 24, 2002
—
Desert Ridge Medical Plz LLC
Skin Cancer Specialists Ltd
Grant Deed
$1,300,000 · Arizona Business Bank
Jan 12, 2000
$592,000
Desert Ridge Medical Plaza LLC
Desert Ridge Medical Plaza LLC
Quit Claim Deed
related
—
Feb 2, 1999
—
Skin Cancer Specialist Ltd
Griego,robert D
Grant Deed
$1,040,000 · M & I Thunderbird Bank
Sep 18, 1998
$592,000
Robert D Griego
William P Brown Corp
Grant Deed
$474,500 · Seller
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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