New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Industrial properties
2400 Broadway Rd, Mesa, AZ 85202-1008
Individually Owned
5-yr Hold
Free & Clear
Property ID
US07-1229995
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1978
Construction
CONCRETE
Total area
5,637 SF
Lot
0.66 ac (28,676 SF)
Zoning code
LI
APN
134-36-002C
UPID
US07-1229995
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
-
Hopper's Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.17M
Owner & transaction history
James E Hopper · 5 yrs held
James E Hopper
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+59.6%
Medical building
$1.5M
+59.5%
Office building
$970,000
+4.9%
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
$1,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$800,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$925,000
Current use
RETAIL STORES
$1,480,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$1,475,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$955,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.15M (Aug 19 2020)
Last sale anchor
$1.15M
Aug 19 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
$208 / 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
$8,465
Tax year 2023
Assessed value
$156,998
Assessed 2024
Previous assessed
$121,210
+29.5% YoY
Effective rate
5.39%
On assessed value
Land market value
$404,400
Improvement market value
$547,100
Total market value
$951,500
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
5,637 SF
Lot
0.66 ac (28,676 SF)
Zoning code
LI
APN
134-36-002C
UPID
US07-1229995
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$925,000
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$955,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1978
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
James E Hopper
Individual
Free & Clear · 5 yrs held
Mailing address
2400 W BROADWAY RD, MESA, AZ 85202-1008
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2020
$1,150,000
James E Hopper
Tn 1 LLC
Grant Deed
—
Oct 17, 2019
$1,150,000
Tn 1 LLC
Rs Tree Construction LLC
Grant Deed
—
Apr 16, 2012
—
Rs Tree Construction LLC
Safelite Fulfillment INC
Quit Claim Deed
related
—
Jan 27, 2012
—
Rs Tree Construction LLC
Safelite Fulfillment INC
Quit Claim Deed
related
$464,000 · Meridian Bank
Jan 27, 2012
$400,000
Rs Tree Construction LLC
Safelite Fulfillment INC
Warranty Deed
—
Jan 28, 1997
$435,002
Gifford Enterprises INC
Cynthia A Minon
Grant Deed
$432,300 · Bank Of Arizona
Jun 28, 1994
$120,193
Minon Family Trust
Cjc LP
Grant Deed
—
Jan 5, 1988
$500,000
C J C Ltd
Coker
Grant Deed
$494,000
—
—
Gifford Enterprises INC
—
Deed Of Trust
related
$420,000 · First Capital Bank Arizona
—
—
Rs Tree Construction LLC
—
Loan Modification
related
—
—
—
Gifford Ents INC
—
Deed Of Trust
related
$371,056 · M & I Marshall & Isley 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2400 Broadway Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
