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Property profile & analytics
FOR LEASE
Flex space
2862 N 58 Cir Mesa, AZ 85215
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0618682
For Lease
1 / 4
$31,825,000
2862 N 58 Cir, Mesa, AZ 85215
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2023
Total area
238,384 SF
APN
141-41-016A
UPID
US07-0618682
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$31.83M
CAP Approach
CAP
$36.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.83M
Owner & transaction history
Crp III Longbow Industrial Az LLC · 2 yrs held
Crp III Longbow Industrial Az LLC
since 2024
Last sale
$31.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$40.3M
+3.0%
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
$31,825,000
ML approach
$31,825,000
CAP Approach
CAP Return
Estimation
6%
$39,545,000
6.5%
$36,505,000
7%
$33,895,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$39,140,000
Current use
WAREHOUSE, STORAGE
$40,300,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$31.83M
Range $28.64M – $35.01M · ±10% · vs last sale $31.83M (May 23 2024)
Last sale anchor
$31.83M
May 23 2024
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
$134 / 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
$9,850
Tax year 2023
Assessed value
$1,680,836
Assessed 2024
Previous assessed
$1,680,836
+0.0% YoY
Effective rate
0.59%
On assessed value
Land market value
$2,100,500
Improvement market value
$8,086,383
Total market value
$10,186,883
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2023
Stories
1
Total area
238,384 SF
APN
141-41-016A
UPID
US07-0618682
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$39.1M
WAREHOUSE, STORAGE
Est. value
$40.3M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2023
Stories
1
Current owner
From public records · entity-resolved
Crp III Longbow Industrial Az LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1300 DOVE ST STE #200, NEWPORT BEACH, CA 92660-2426
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$31,825,792
Crp III Longbow Industrial Az LLC
Chamberlain Development L L C
Special Warranty Deed
—
Jun 14, 2023
—
Chamberlain Development LLC
Chamberlain Development LLC
Re-recorded Document
related
—
Jan 31, 2023
—
Chamberlain Development LLC
Chamberlain Development LLC
Intrafamily Transfer
related
—
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.
Try Rey
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