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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Industrial properties
248 10th Dr, Mesa, AZ 85210-8745
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-3219203
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
6,768 SF
Lot
0.47 ac (20,473 SF)
Zoning code
LI
APN
139-31-031
UPID
US07-3219203
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
-
Road Runner Communications Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.48M
Owner & transaction history
Fox Den LLC · 7 yrs held
Fox Den LLC
since 2018
7 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+47.9%
Office building
$2.0M
+42.7%
Medical building
$1.8M
+24.3%
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
INDUSTRIAL (GENERAL)
$1,425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,110,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$2,035,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$1,775,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$1,745,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$219 / 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
$6,146
Tax year 2023
Assessed value
$131,142
Assessed 2024
Previous assessed
$103,479
+26.7% YoY
Effective rate
4.69%
On assessed value
Land market value
$202,000
Improvement market value
$592,800
Total market value
$794,800
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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
6,768 SF
Lot
0.47 ac (20,473 SF)
Zoning code
LI
APN
139-31-031
UPID
US07-3219203
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
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Fox Den LLC
Entity
Mailing address
1464 E WILLIAMS FLD RD STE #104, GILBERT, AZ 85295-1813
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
—
The Fox Den LLC
—
Deed
related
$1,484,613 · Sunflower Bank NA
Sep 17, 2020
—
The Fox Den LLC
—
Deed
related
$1,782,000 · Arizona Bank & Trust
Feb 28, 2019
—
Fox Den LLC
—
Deed
related
$616,000 · Firstbank
Sep 4, 2018
$600,000
Fox Den LLC
Visionary Investment Prope
Grant Deed
$600,000 · Bnlm LLC
Dec 31, 2009
$354,500
Visionary Investment Properties LLC
A&l Deco Stone INC
Special Warranty Deed
$319,000 · Wells Fargo Bank NA
Jul 30, 2008
$720,000
A&l Deco Stone INC
Hns LLC
Special Warranty Deed
$752,000 · Pacific Capital Bank N
May 30, 2003
$10
Hns LLC
Sanders,tr
Grant Deed
related
—
Oct 23, 2000
—
Sanders Trust
Sanders,james T
Quit Claim Deed
related
—
Apr 4, 1997
—
James T Sanders JR.
Honey C Sanders
Quit Claim Deed
related
—
Oct 26, 1995
$234,000
James T Sanders JR.
248 Enterprises L L C
Grant Deed
$210,000 · Bank Of Commerce
Mar 1, 1995
$128,000
Rodger Pohl
Chamberlain Construction
Trustees Deed
—
—
—
Fox Den LLC
—
Deed Of Trust
related
$616,000 · Firstbank
—
—
248 Enterprises L L C
—
Deed Of Trust
related
—
—
—
Hns LLC
—
Deed Of Trust
related
$19,000 · 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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