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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
301 Westwood Mesa, AZ 85210-8433
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1151499
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
CONCRETE
Total area
4,800 SF
Lot
0.7 ac (30,470 SF)
Zoning code
GI
APN
134-05-017
UPID
US07-1151499
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
-
Canyon State Drywall Hardware & Home Improvement Interior Design
-
Beach Edge Pools General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$895k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Canyon State Property Management Ll · 2 yrs held
Canyon State Property Management Ll
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
GI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+34.6%
Retail stores
$1.2M
+32.4%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$935,000
Current use
MEDICAL BUILDING
$1,255,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Feb 1 2024)
Last sale anchor
$800k
Feb 1 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
$167 / 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
$6,681
Tax year 2023
Assessed value
$130,466
Assessed 2024
Previous assessed
$107,576
+21.3% YoY
Effective rate
5.12%
On assessed value
Land market value
$360,900
Improvement market value
$429,800
Total market value
$790,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
4,800 SF
Lot
0.7 ac (30,470 SF)
Zoning code
GI
APN
134-05-017
UPID
US07-1151499
Jurisdiction
MARICOPA
Zoning & alternative use
GI · Mesa, AZ
Zoning GI · permitted uses
GI · 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
WAREHOUSE, STORAGE Current
Est. value
$935,000
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1974
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Canyon State Property Management Ll
Entity
Mailing address
301 S WESTWOOD, MESA, AZ 85210-8433
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$800,000
Canyon State Property Management Ll
Barbara Ann Mortensen
Special Warranty Deed
$600,000 · Barbara Mortensen
Nov 21, 2019
—
Barbara Ann Mortensen
—
Deed
related
$75,000 · Horizon Community Bank INC
May 27, 2016
—
Barbara A Mortensen
Mortensen,jerry L & Barbara A
Quit Claim Deed
related
—
Dec 16, 1997
$320,000
Jerry L Mortensen
Nadine E Grace
Grant Deed
$240,000 · Bank Of America
Apr 11, 1997
$150,001
Nadine E Grace
Ralph F & Penny M Grant
Trustees Deed
—
Jun 23, 1994
$250,000
Ralph F Grant
Grace
Grant Deed
$50,000 · Seller
—
—
Jerry L Mortensen
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Jerry L Mortensen
—
Deed Of Trust
related
$290,000 · Bank Of America
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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