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Property profile & analytics
OFF-MARKET
Estimated value
$3,340,000
Strip malls
2950 Alma School Rd Mesa, AZ 85210-4035
Individually Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2069997
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
9,040 SF
Lot
1.19 ac (51,756 SF)
Zoning code
LC
APN
302-06-352
UPID
US07-2069997
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
-
NARA Smoke Shop Department Store
-
Black Bar Tattoo Studio Tattoo & Piercing Shop
-
Best Spa Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Foot Spa Alternative Medicine Practice Spa & Massage Center
-
Garcia's Seamstress Services (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$3.34M
Owner & transaction history
Mesa Shopping Center L L C · 31 yrs held
Mesa Shopping Center L L C
since 1995
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+41.5%
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
$2,815,000
Current use
AUTO REPAIR, GARAGE
$3,985,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$2,715,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$2,370,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$2,330,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±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
$369 / 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
$24,826
Tax year 2023
Assessed value
$379,154
Assessed 2024
Previous assessed
$329,307
+15.1% YoY
Effective rate
6.55%
On assessed value
Land market value
$846,600
Improvement market value
$1,451,300
Total market value
$2,297,900
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
9,040 SF
Lot
1.19 ac (51,756 SF)
Zoning code
LC
APN
302-06-352
UPID
US07-2069997
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
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Mesa Shopping Center L L C
Individual
Mailing address
1450 E INDIAN SCHOOL RD STE #104, PHOENIX, AZ 85014-4954
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
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
Jun 15, 2022
—
Mesa Shopping Center LLC
—
Deed
related
$995,000 · Wells Fargo Bank NA
Mar 6, 2019
—
Mesa Shopping Center LLC
—
Deed
related
$995,000 · Wells Fargo Bk
Dec 14, 2016
—
Mesa Shopping Center LLC
—
Deed
related
$750,000 · Wells Fargo Bank NA
Jul 21, 1995
$592,000
Mesa Shopping Center L L C
Fortis Insurance Company
Grant Deed
$455,600 · First National Bank
Jul 6, 1994
$992,046
Fortis Benefits Insurance Co
Swc Guadalupe &
Trustees Deed
—
Feb 10, 1993
—
F B Alma School Investmen L P
Swc Guadalupe
Grant Deed
related
—
Sep 6, 1991
—
Hud
Kislak National
Grant Deed
related
—
—
—
Mesa Shopping Center LLC
—
Loan Modification
related
$995,000 · Wells Fargo 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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