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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
337 Mesa Dr Mesa, AZ 85201-6760
Entity Owned
21-yr Hold
Free & Clear
Property ID
US07-0053289
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1949
Construction
CONCRETE
Total area
1,680 SF
Lot
0.14 ac (6,132 SF)
Zoning code
DB-1
APN
138-25-077
UPID
US07-0053289
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
-
Midnight Tattoo Ink Tattoo & Piercing Shop
-
Secure Screenings LLC Training Center Vocational School
-
Toro Ink Tattoo & Piercing Shop
-
Carole's House Cleaning Hardware & Home Improvement
-
Jvxmedia photography and videography services Mesa, Tempe, Phoenix Film Production Television Studio
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
Gs Trading LLC · 21 yrs held
Gs Trading LLC
since 2005
4 recorded transactions
Zoning & alternative use
DB-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al and site design elements and regulating residential densities. The numerical designators -1, -2, and -3 are applied to the DR Districts to represent different development intensities. 2. Downtown Business District 1 (DB-1). The purpose of the DB-1 District is to provide for general retailing, services, and medium-density residential uses. It is the intent…
Zone name
Downtown Business District 1
General category
COMMERCIAL
Zone area
86.57 ac
Source
code of ordinances
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
$1,680
Tax year 2023
Assessed value
$30,558
Assessed 2024
Previous assessed
$24,344
+25.5% YoY
Effective rate
5.50%
On assessed value
Land market value
$89,900
Improvement market value
$95,300
Total market value
$185,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,680 SF
Lot
0.14 ac (6,132 SF)
Zoning code
DB-1
APN
138-25-077
UPID
US07-0053289
Jurisdiction
MARICOPA
Zoning & alternative use
DB-1 · Mesa, AZZoning DB-1 · permitted uses
DB-1 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al and site design elements and regulating residential densities. The numerical designators -1, -2, and -3 are applied to the DR Districts to represent different development intensities. 2. Downtown Business District 1 (DB-1). The purpose of the DB-1 District is to provide for general retailing, services, and medium-density residential uses. It is the intent of this district to allow multiple residences, professional offices, and commercial
Zone name
Downtown Business District 1
General category
COMMERCIAL
Zone area
86.57 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1949
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Gs Trading LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 23670, TUCSON, AZ 85734-3670
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2019
—
Jiffy Properties Xxviii LLC
—
Deed
related
$750,000 · Zions Bancorporation NA
Jul 18, 2005
$480,000
Gs Trading LLC
Mortensen,larry & Shelley
Warranty Deed
—
Mar 5, 1999
$220,000
Larry Mortensen
Milan M Grubnic Estate
Grant Deed
—
Feb 13, 1992
—
City Of Mesa
Grubnic
Grant Deed
related
—
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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