Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

318 E Brown Rd Mesa, AZ 85201

FOR LEASE
Strip malls
Property ID
US07-1191365
14,388 SF 3.29 ac lot Built 1990
Last sale Oct 2016 · $2,675,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This retail space is located in an established, densely populated neighborhood and is anchored by a Dollar General store. The property includes monument signage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$58k
Tax billed · 2023
Assessed value · 2024$830k
Effective rate7.01%

Value estimate

· Oct 2026
$850k
$765k – $935k
Submarket $/SF estimate$7.61M
NOI build-up
Gross scheduled income$86k
Vacancy & credit loss−$7k
Operating expenses−$24k
NOI · 369,003.34% cap applied$55k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$311/SF
Submarket average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$133 – $658
Qualifying comparables4

Cap rate analysis

How does the asset earn?
369,003.34%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LC
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding re...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency63.8
Restaurant53.8
Building Supply53.0

Location

318 E Brown Rd Mesa, AZ 85201
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
724 University Dr, Mesa, AZ 85201-5649 $1,400,000 Jan 2025 No data
354 Country Clb, Mesa, AZ 85201-6589 $2,400,000 Feb 2024 5,848 SF
1346 University, Mesa, AZ 85201-5467 $1,050,000 Apr 2023 4,200 SF
321 Mckellips, Mesa, AZ 85201-1567 $1,000,000 Feb 2023 13,111 SF
1833 Main, Mesa, AZ 85201-6922 $10,625,000 Feb 2022 20,700 SF
308 University, Mesa, AZ 85201-5948 $3,600,000 Dec 2021 6,981 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved