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Property profile & analytics
FOR SALE
Commercial real estate
303 W Southern Ave, Mesa, AZ 85210
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1608866
For Sale
1 / 11
$11,000,000
303 W Southern Ave, Mesa, AZ 85210
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Lot
0.28 ac (12,274 SF)
Zoning code
LC
APN
139-48-295A
UPID
US07-1608866
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Acceptance Insurance Insurance Agency
-
Cje Salon of Beauty Hair Salon Nail Salon
-
Go Mini's Moving Company
-
SuperPawn Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rmaf Vii LLC · 1 yrs held
Rmaf Vii LLC
since 2025
7 recorded transactions
Zoning & alternative use
LC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,144
Tax year 2023
Assessed value
$55,100
Assessed 2024
Previous assessed
$45,679
+20.6% YoY
Effective rate
3.89%
On assessed value
Land market value
$306,800
Improvement market value
$27,142
Total market value
$333,942
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1987
Heating
NONE
Stories
1
Lot
0.28 ac (12,274 SF)
Zoning code
LC
APN
139-48-295A
UPID
US07-1608866
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.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Rmaf Vii LLC
Entity
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
—
Rmaf Vii LLC
Red Mountain Asset Fund II LLC
Special Warranty Deed
$14,000,000 · Symetra Life Insurance Co
Apr 10, 2018
—
Southern Avenue Properties LLC
—
Deed
related
—
Oct 31, 2012
—
City Of Mesa
Red Mountain Asset Fund II
Grant Deed
related
—
Jul 26, 2011
—
Red Mountain Asset Fund II LLC
Red Mountain Asset Fund I LLC
Quit Claim Deed
related
$108,612,000 · John Hancock Life Insurance Co
Jun 30, 2010
—
Red Mountain Asset Fund I LLC
Macfrugals Plaza II LLC
Warranty Deed
related
—
Mar 12, 2010
—
Macfrugals Plaza II LLC
Red Mountain Plaza LLC
Warranty Deed
—
—
—
Macfrugals Plaza LLC
—
Deed Of Trust
related
$2,150,000 · John Hancock Life Insurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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