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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Parking lots & garages
23027 Ivanhoe St Mesa, AZ 85212-8899
Individually Owned
2-yr Hold
Property ID
US07-0469088
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1990
Construction
STEEL FRAME
Total area
896 SF
Lot
2.55 ac (111,276 SF)
Zoning code
RU-43
APN
304-94-019A
UPID
US07-0469088
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$530k
Owner & transaction history
Margaret Elaine Henry · 2 yrs held
Margaret Elaine Henry
since 2023
7 recorded transactions
Zoning & alternative use
RU-43 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$680,000
+87.4%
Commercial (general)
$575,000
+58.8%
Auto repair, garage
$395,000
+9.0%
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
PARKING LOT
$360,000
Current use
WAREHOUSE, STORAGE
$680,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$395,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$592 / 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
$1,238
Tax year 2022
Assessed value
$45,259
Assessed 2024
Previous assessed
$35,510
+27.5% YoY
Effective rate
2.74%
On assessed value
Land market value
$384,700
Improvement market value
$67,893
Total market value
$452,593
Applied tax rate
950,006.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
896 SF
Lot
2.55 ac (111,276 SF)
Zoning code
RU-43
APN
304-94-019A
UPID
US07-0469088
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Mesa, AZ
Zoning RU-43 · permitted uses
RU-43 · 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
PARKING LOT Current
Est. value
$360,000
WAREHOUSE, STORAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$395,000
PARKING LOT Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.55 ac
Current owner
From public records · entity-resolved
Margaret Elaine Henry
Individual
Mailing address
23027 E IVANHOE ST, MESA, AZ 85212-8899
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Sep 26, 2023
—
Margaret Elaine Henry
Orvil G Henry JR
Affidavit Of Death Of Joint Tenant
related
$80,000 · America First FCU
Apr 18, 2018
—
David Keene
Henry,orvil G JR & Margaret E
Quit Claim Deed
related
—
—
—
Orvil G Henry
—
Deed Of Trust
related
$62,000 · Wells Fargo Bank
—
—
David Keene
—
Deed Of Trust
related
$204,517 · Cascade Fin'l Svcs
—
—
Orvil G Henry
—
Deed Of Trust
related
$54,000
—
—
Richard Jaramillo
—
Deed Of Trust
related
—
—
—
Orvil G Henry
—
Deed Of Trust
related
$75,000 · Wells Fargo Bank Arizona
—
—
Orvil G Henry
—
Deed Of Trust
related
$64,500 · Wells Fargo Bank Arizona
—
—
Orvil G Henry JR.
—
Deed Of Trust
related
$25,000 · Bank Of America Arizona
—
—
Orvil G Henry
—
Deed Of Trust
related
$55,000 · Wells Fargo 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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