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Property profile & analytics
OFF-MARKET
Estimated value
$32,965,000
Specialty properties
303 Recker Rd Mesa, AZ 85206-1613
Trust Owned
20-yr Hold
Property ID
US07-3036461
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1971
Construction
CONCRETE
Total area
10,322 SF
Lot
41.21 ac (1,795,062 SF)
Zoning code
RM-4
APN
141-57-003D
UPID
US07-3036461
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
-
Fountain East Mobile Home Community Campground & RV Park
-
Global Business Enterprises Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.26M
Blend (final)
Blend
$32.97M
Owner & transaction history
Christenson Francis K Trust · 20 yrs held
Christenson Francis K Trust
since 2005
7 recorded transactions
Zoning & alternative use
RM-4 · 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
Blend value · Realmo final
$32.97M
Range $29.67M – $36.26M · ±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
$3,194 / 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
$65,778
Tax year 2023
Assessed value
$765,141
Assessed 2024
Previous assessed
$650,820
+17.6% YoY
Effective rate
8.60%
On assessed value
Land market value
$5,111,300
Improvement market value
$2,540,110
Total market value
$7,651,410
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
10,322 SF
Lot
41.21 ac (1,795,062 SF)
Zoning code
RM-4
APN
141-57-003D
UPID
US07-3036461
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning RM-4 · permitted uses
RM-4 · 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.
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
41.21 ac
Current owner
From public records · entity-resolved
Christenson Francis K Trust
Trust
Mailing address
PO BOX 1848, PROVO, UT 84603-1848
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Jan 25, 2017
—
Fountain East
—
Deed
related
$25,000,000 · Zions First Nat'l Bk
Sep 20, 2005
—
Christenson Francis K Trust
Christenson Francis K Trust
Quit Claim Deed
related
—
Jan 13, 2003
—
East Fountain
—
Deed Of Trust
related
$30,000,000 · Zions First National Bank
Aug 30, 1999
—
Fountain East LLC
—
Deed Of Trust
related
$20,000,000 · First Security Bank
May 5, 1998
—
Fountain East LLC
York Financial INC
Grant Deed
related
—
Feb 1, 1995
$6,700,000
York Financial INC
Rhs Investments INC
Grant Deed
related
—
—
—
Fountain East
—
Loan Modification
related
$21,750,000 · Zions First Nat'l Bk
—
—
Fountain East
—
Loan Modification
related
$25,000,000 · Zions First Nat'l 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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