Property profile

249 Morris Mesa, AZ 85210

OFF-MARKET
Commercial land
Property ID
US07-3031752
1,135 SF 0.16 ac lot Built 1935
Entity Owned 6-yr Hold
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1935
Total area 1,135 SF
Lot 0.16 ac (6,900 SF)
Zoning code DB-2
APN 138-52-039
UPID US07-3031752

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

249 Morris Mesa, AZ 85210
Mesa metro Census 421400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$447k
Blend (final) Blend
$580k

Owner & transaction history

since 2019
3 recorded transactions
2019
$117,000
2019
Price N/A
2006
Price N/A

Zoning & alternative use

DB-2 · Mesa, AZ
Zoning description

Downtown Business District 2 (DB-2). The purpose of the DB-2 District is to provide for a combination of intensive commercial, light manufacturing, and related uses. The intent of the district is to provide a suitable lo…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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