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Property profile & analytics
OFF-MARKET
Estimated value
$7,810,000
Strip malls
2820 University Dr Mesa, AZ 85213-8500
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-3469269
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
34,438 SF
Lot
3.19 ac (139,078 SF)
Zoning code
LC
APN
140-11-447
UPID
US07-3469269
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
-
Dr. Cameron Kastl Dental Office
-
Let’s Play Music Vocational School Training Center
-
Bak&Jo Bakery Specialty Food Shop
-
Dr. Cory Rauch Dental Office
-
Mrs. Casey Valimaki Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.13M
Blend (final)
Blend
$7.81M
Owner & transaction history
Professional Props Of Arizona LLC · 8 yrs held
Professional Props Of Arizona LLC
since 2017
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
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
NEIGHBORHOOD: SHOPPING CENTER
$10,725,000
Current use
RETAIL STORES
$9,025,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$9,020,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.81M
Range $7.03M – $8.59M · ±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
$227 / 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
$58,361
Tax year 2023
Assessed value
$886,512
Assessed 2024
Previous assessed
$769,199
+15.3% YoY
Effective rate
6.58%
On assessed value
Land market value
$1,376,500
Improvement market value
$3,996,300
Total market value
$5,372,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
34,438 SF
Lot
3.19 ac (139,078 SF)
Zoning code
LC
APN
140-11-447
UPID
US07-3469269
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.7M
RETAIL STORES
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.19 ac
Current owner
From public records · entity-resolved
Professional Props Of Arizona LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 531461, HENDERSON, NV 89053-1461
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
$2,300,000
Professional Props Of Arizona LLC
Ghidotti-gonsalves Michel|coconut Grove R & R Mato
Trustees Deed
related
—
Nov 16, 2010
—
Coconut Grove R & R Matos LLC
Coconut Grove Center LLC
Quit Claim Deed
—
Jul 3, 2008
—
Coconut Grove Center LLC
Coconut Grove E & M Soares LLC
Quit Claim Deed
related
—
Jun 22, 2006
$4,100,000
Coconut Grove R&r Matos LLC
1666 North Avalon
Special Warranty Deed
$3,050,000 · Bear Stearns Commercial Mortgage In
Nov 19, 2003
$3,300,000
1666 North Avalon LLC
Coconut Grove Properties LLC
Grant Deed
$2,050,000 · Ubs Real Est Investments INC
Apr 1, 2002
$2,600,000
Coconut Grove Properties LLC
Manatee Investments LLC
Grant Deed
$1,820,000 · Tierone Bank
Dec 9, 1998
$2,100,000
Manatee Investments LLC
Thomas,edmond N & Nada
Grant Deed
$1,575,000 · First Federal Lincoln Bank
—
—
Edmond N Thomas
—
Deed Of Trust
related
$500,000 · M & I Thunderbird 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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