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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Retail space
2860 Mckellips Rd Mesa, AZ 85213-3162
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0955028
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
CONCRETE
Total area
8,120 SF
Lot
0.59 ac (25,841 SF)
Zoning code
LC
APN
141-15-036
UPID
US07-0955028
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
-
Rockabilly’s Barbershop Barber Shop
-
HSBN Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$905k
Owner & transaction history
Arizona New Generation LLC · 2 yrs held
Arizona New Generation LLC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug store…
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
4,253.61 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
Method
Estimation
Statistic approach
$740,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,200,000
6.5%
$1,105,000
7%
$1,025,000
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $800k (Dec 13 2023)
Last sale anchor
$800k
Dec 13 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
$111 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,704
Tax year 2022
Assessed value
$109,575
Assessed 2024
Previous assessed
$95,455
+14.8% YoY
Effective rate
7.94%
On assessed value
Land market value
$314,400
Improvement market value
$349,693
Total market value
$664,093
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,120 SF
Lot
0.59 ac (25,841 SF)
Zoning code
LC
APN
141-15-036
UPID
US07-0955028
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZZoning LC · permitted uses
LC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug stores, fast-food restaurants, hardware and building supply stores, gas stations with convenience stores, and restaurants and cafes. Other typical uses include, but are not limited to, those anchors and large commercial developments that are typically located within a regional mall, retail outlet, or power center. Other compatible uses include medical and professional offices, as well as public and semi-public uses. 3.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
4,253.61 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Arizona New Generation LLC
Entity
Mailing address
963 E SCOTT AVE, GILBERT, AZ 85234-8732
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$800,000
Arizona New Generation LLC
Hw Anweiser Corporation INC
Special Warranty Deed
—
Dec 13, 2023
—
H W Anweiser Corporation INC
Christian Evangelistic Association
Quit Claim Deed
related
—
Jan 10, 2022
—
Christian Evangelistic Association
H W Anweiser Corporation INC
Gift Deed
related
—
Oct 17, 2014
$527,500
Hw Anwelser Corp INC Corp I
Mckellips Sf-mesa LLC
Grant Deed
—
Jan 13, 2012
$400,000
Mckellips Sf-mesa LLC
Ashbrook,walter J
Trustees Deed
related
—
Mar 1, 2005
$10
2860 Mckellips LLC
Lanciano,shlomo & Grazio
Warranty Deed
$640,000 · Bayview Financial LP
Feb 23, 1996
$235,000
Shlomo Lanciano
Kristen Corporation
Grant Deed
$177,750 · Seller
Sep 22, 1989
$302,500
Kristen Corp
—
Grant Deed
related
—
—
—
2860 Mckellips LLC
—
Deed Of Trust
related
$1,000,000 · Greenpoint Mortgage Funding
—
—
Shlomo Lanciano
—
Deed Of Trust
related
$375,000 · Bank One NA
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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