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Property profile & analytics
OFF-MARKET
Estimated value
$5,960,000
Grocery and convenience stores
2740 University Dr Mesa, AZ 85213-8452
Entity Owned
Free & Clear
Property ID
US07-1327639
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Construction
CONCRETE
Total area
54,232 SF
Lot
4.07 ac (177,080 SF)
Zoning code
LC
APN
140-10-441
UPID
US07-1327639
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
-
EOS Fitness Gym & Fitness Center
-
David Holland Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.39M
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$5.96M
Owner & transaction history
Mdc Mercury 2604 Propco 3 LLC
Mdc Mercury 2604 Propco 3 LLC
since 2026
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,005,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,005,000
6.5%
$7,390,000
7%
$6,860,000
Blend value · Realmo final
$5.96M
Range $5.36M – $6.56M · ±10% · vs last sale $5.10M (Jun 27 2023)
Last sale anchor
$5.10M
Jun 27 2023
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
$110 / 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
$70,083
Tax year 2023
Assessed value
$836,616
Assessed 2024
Previous assessed
$726,189
+15.2% YoY
Effective rate
8.38%
On assessed value
Land market value
$1,521,600
Improvement market value
$3,548,800
Total market value
$5,070,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
54,232 SF
Lot
4.07 ac (177,080 SF)
Zoning code
LC
APN
140-10-441
UPID
US07-1327639
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Mdc Mercury 2604 Propco 3 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2325 E CAMELBACK RD FL, PHOENIX, AZ 85016-3422
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Mdc Mercury 2604 Propco 3 LLC
Realty Income Properties 27 LLC
Special Warranty Deed
—
Jun 27, 2023
$5,099,665
Barclay Fitness Development LLC
Safeway INC
Special Warranty Deed
—
Feb 8, 2018
—
Safeway INC
—
Loan Modification
related
—
Oct 31, 1996
$2,450,000
Safeway INC
Pederson\mesa L L C
Grant Deed
—
—
—
Safeway INC
—
Deed Of Trust
related
—
—
—
Safeway INC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
—
—
Golden Rule Properties LLC
—
Deed Of Trust
related
$950,227 · Wadhwani N & K Family Tr (pt)
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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