Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2420 Power Rd Ste, Unit 104 Mesa, AZ 85209-6693
    Back to Search
    Property profile & analytics

    2420 Power Rd Ste, Unit 104, Mesa, AZ 85209-6693

    View on Map
    • Office buildings
    • 7,127 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US07-1071738
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2420 Power Rd Ste

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    0.04 lot acres
    Zone code
    GO
    Property type
    Office buildings
    APN
    313-11-053
    APU
    31311053

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 11, 2019 $850,000 Jd Capital Group LLC Burgundy Brothers LLC Grant Deed —
    May 11, 2005 $1,120,000 Burgundy Brothers LLC Fairways Ss Dev Lc Grant Deed $1.5M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $665,000
      Market price range: $618k - $2.03M
      AI Estimate
      $664,000
      Market price range: $594k - $2.03M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.689
    Latitude
    33.3713
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,313
    $0.00
    $0.00
    $70,257
    -
    $85,100
    $340,700
    $425,800

    Comparable in this City

    • Value Estimation
      $1,080,000
      5,806 SF

      8419 Baseline Rd Ste, Unit 101

      OFFICE BUILDING
      8419 Baseline Rd Ste, Mesa, AZ 85209-4380
      View Details
    • Value Estimation
      $665,000
      7,127 SF

      2420 Power Rd Ste, Unit 103

      OFFICE BUILDING
      2420 Power Rd Ste, Mesa, AZ 85209-6693
      View Details
    • Value Estimation by Request
      4,443 SF

      7233 Baseline Rd Ste, Unit 112

      OFFICE BUILDING
      7233 Baseline Rd Ste, Mesa, AZ 85209-5007
      View Details
    • Value Estimation
      $615,000
      7,205 SF

      7227 Baseline Rd Ste, Unit 119

      OFFICE BUILDING
      7227 Baseline Rd Ste, Mesa, AZ 85209-5006
      View Details
    • Value Estimation
      $655,000
      3,584 SF

      2500 Power Rd Ste, Unit 119

      OFFICE BUILDING
      2500 Power Rd Ste, Mesa, AZ 85209-6688
      View Details
    • Value Estimation
      $825,000
      9,723 SF

      2707 Ellsworth Rd Bldg H

      OFFICE BUILDING
      2707 Ellsworth Rd Bldg H, Mesa, AZ 85209-1223
      View Details

    Similar Nearby for Sale

    • $1,325,000

      Mesa Office Space For Sale

      Office property in Mesa, AZ, near US 60.
      7447 East Southern Ave, Mesa, AZ 85209
      View Details
    • $1,325,000

      Mesa Office Building For Sale

      Mesa office building near US 60 and Sossaman Rd.
      7447 East Southern Ave, Mesa, AZ 85209
      View Details
    • Contact for pricing
      3,600 SF

      Second-Floor Office Condominium Suite

      Fully improved second-floor suite designed for a wide range of professional and medical office users.
      2500 S Power Rd, Mesa, AZ 85209
      View Details
    • Contact for pricing

      Mesa Land Near Crismon Road

      Land in Mesa, AZ, near Crismon Rd & Guadalupe Rd.
      Crismon Rd & Guadalupe Rd, Mesa, AZ 85209
      View Details
    • Contact for pricing
      2,363 SF

      Mesa Restaurant with Drive-Thru

      Operating restaurant with drive-thru, corporate guaranty, Mesa, Arizona.
      1460 S Crismon Rd, Mesa, AZ 85209
      View Details
    • Contact for pricing
      14,000 SF

      Mesa Retail Space For Rent

      Retail space available near US-60 with drive-thru opportunity.
      2121 S Power Rd, Mesa, AZ 85209
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Mesa Location Available

      Commercial space in Mesa, AZ, near major amenities.
      Crismon Rd & Guadalupe Rd, Mesa, AZ 85209
      View Details
    • Contact for pricing

      Mesa Retail/Office/Medical Grayshell Space

      2,361 SF grayshell space in Mesa, ready for customization.
      10545 E Southern Ave, Mesa, AZ 85209
      View Details
    • $2,400 /Mo
      28,195 SF

      Mesa Office Space Available

      Office unit available for rent in Mesa, Arizona.
      1925 S Sossaman Rd, Mesa, AZ 85209
      View Details
    • Contact for pricing
      1,050 SF

      Mesa Retail/Office Space Available

      Retail or office space with high visibility and easy access.
      1815 S Crismon Rd, Mesa, AZ 85209
      View Details
    • $30 SF/Yr
      3,600 SF

      Medical Office Space For Lease

      Medical office space available for lease with Power Rd frontage.
      2500 S Power Rd, Mesa, AZ 85209
      View Details
    • $16 SF/Yr
      31,880 SF

      Mesa Industrial Space for Lease

      Modern multi-use space, flexible layouts.
      7205-7211 Southern Ave, Mesa, AZ 85209
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2420 Power Rd Ste, Unit 104
    Mesa, AZ 85209-6693
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2420 Power Rd Ste, Mesa, AZ, 85209
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!