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Property profile & analytics
OFF-MARKET
Retail space
2511 Mckellips Rd Mesa, AZ 85213-3013
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-0702437
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
CONCRETE
Total area
1,024 SF
Lot
1.73 ac (75,418 SF)
Zoning code
RM-4
APN
141-09-006A
UPID
US07-0702437
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
-
Heritage Circle Mobile Home and RV Park Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mar-mhp-primrose Estates Ll · 12 yrs held
Mar-mhp-primrose Estates Ll
since 2013
7 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3 RM-4 RM-5 Additional Standards Minimum Lot Area (sq. ft.) 7,200 6,000 6,000 6,000 Minimum Lot Width (ft.) Single Residence - Detached 36 30…
Zone name
Residential Multiple Dwelling 4
General category
MIXED_USE
Zone area
4,406.34 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,141
Tax year 2023
Assessed value
$57,958
Assessed 2024
Previous assessed
$50,847
+14.0% YoY
Effective rate
8.87%
On assessed value
Land market value
$347,000
Improvement market value
$170,300
Total market value
$517,300
Applied tax rate
41,003.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
1,024 SF
Lot
1.73 ac (75,418 SF)
Zoning code
RM-4
APN
141-09-006A
UPID
US07-0702437
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZZoning RM-4 · permitted uses
RM-4 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3 RM-4 RM-5 Additional Standards Minimum Lot Area (sq. ft.) 7,200 6,000 6,000 6,000 Minimum Lot Width (ft.) Single Residence - Detached 36 30 25 - Single Residence - Attached 36 25 25 25 Multiple Residence 60 60 60 60 Minimum
Zone name
Residential Multiple Dwelling 4
General category
MIXED_USE
Zone area
4,406.34 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Mar-mhp-primrose Estates Ll
Individual
Mailing address
6750 E CAMELBACK RD STE #100, SCOTTSDALE, AZ 85251-2020
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
Mar Mhp Primrose Estates LLC
—
Deed
related
$3,500,000 · The Foothills Bank
May 25, 2016
—
Mar-mhp-primrose Estates LLC
—
Deed
related
$150,000 · Arizona Busn Bk
Nov 5, 2013
$640,000
Mar-mhp-primrose Estates Ll
Heritage Circle LLC
Grant Deed
—
Mar 1, 1999
$320,000
Heritage Circle LLC
Bradley Trust
Grant Deed
$245,000 · Seller
Sep 9, 1997
—
George,e Bradley Decedents Trust
Bradley Family Trust
Quit Claim Deed
related
—
Sep 6, 1996
—
George E Bradley
George E & Marie Bradley
Quit Claim Deed
related
—
Feb 13, 1995
—
Bradley Family Trust
Bradley
Quit Claim Deed
related
—
Jan 11, 1994
—
George E Bradley
Apache Tears Ass
Grant Deed
related
—
—
—
Mar-mhp-primrose Estates LLC
—
Deed Of Trust
related
$2,000,000 · Arizona Busn Bk
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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