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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Strip malls
3614 Southern Ave Mesa, AZ 85206-2509
Entity Owned
Free & Clear
Property ID
US07-3490762
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
CONCRETE
Total area
11,460 SF
Lot
1.52 ac (66,092 SF)
Zoning code
LC
APN
140-47-381
UPID
US07-3490762
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
-
Mokis Hawaiian Grill Restaurant
-
Hungry Howie's Pizza Take-out & Catering
-
Fallout Games Arcade & Gaming Center Electronics & Wireless Store
-
AZ Pain Relief Physician
-
Stonebridge Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.50M
Owner & transaction history
Mchayden LLC
Mchayden LLC
since 2026
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
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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,570,000
Current use
RETAIL STORES
$3,005,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±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
$218 / 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
$25,744
Tax year 2023
Assessed value
$283,206
Assessed 2024
Previous assessed
$242,794
+16.6% YoY
Effective rate
9.09%
On assessed value
Land market value
$534,600
Improvement market value
$1,181,800
Total market value
$1,716,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,460 SF
Lot
1.52 ac (66,092 SF)
Zoning code
LC
APN
140-47-381
UPID
US07-3490762
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.6M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Mchayden LLC
Entity
Free & Clear · 0 yrs held
Mailing address
28973 N 120TH DR, PEORIA, AZ 85383-3375
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
—
Mchayden LLC
Stonebridge 2 LLC
Special Warranty Deed
—
Nov 19, 2020
—
Stonebridge 2 LLC
Colfax Owens Az LLC
Grant Deed
$3,375,000 · Miscellaneous Ins Co
Feb 15, 2019
—
Gratiot Pad LLC
—
Loan Modification
related
$3,375,000 · Woodmen Of The World Life Ins
Dec 22, 2016
$4,550,000
Colfax Owens Az LLC
Pwreo Val Vista & Sthrn Ll
Grant Deed
$2,500,000 · Miscellaneous Ins Co
Aug 23, 2012
$2,500,000
Pwreo Val Vista & Southern LLC
3610-3630 East Sthrn Avenue Ho
Grant Deed
—
Dec 23, 2009
$3,300,000
East Sthrn Avenue Ho 3610-3630
Security Title Agency INC
Trustees Deed
—
Dec 14, 2006
$8,000,000
Stonebridge Center LLC
Greenbrier Marlborough
Grant Deed
$6,000,000 · Lasalle National Bank
Jun 29, 2005
$6,550,000
Greenbrier Marlborough LP
Warren Hall
Special Warranty Deed
$4,340,000 · Washington Mutual Bank Fa
Jun 1, 2004
$4,700,000
Warren Hall
Regency Realty Group INC
Grant Deed
$1,886,700 · Compass Bank
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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