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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Grocery and convenience stores
363 Gilbert Rd Mesa, AZ 85204-2454
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US07-3390710
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Construction
STEEL FRAME
Total area
2,531 SF
Lot
0.43 ac (18,668 SF)
Zoning code
LC
APN
140-25-473
UPID
US07-3390710
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
-
ARCO Gas Station
-
Bitcoin ATM Mesa-Cryptobase Atm
-
LibertyX Bitcoin ATM Atm
-
76 Gas Station
-
GTI Air Conditioning Services Inc Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$745k
Owner & transaction history
Sigma USA LLP · 19 yrs held
Sigma USA LLP
since 2007
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug store…
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
4,253.61 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$1.1M
+41.5%
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
$790,000
Current use
AUTO REPAIR, GARAGE
$1,115,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$665,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$665,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$294 / 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
$7,449
Tax year 2023
Assessed value
$91,067
Assessed 2024
Previous assessed
$78,336
+16.3% YoY
Effective rate
8.18%
On assessed value
Land market value
$345,600
Improvement market value
$206,321
Total market value
$551,921
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
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,531 SF
Lot
0.43 ac (18,668 SF)
Zoning code
LC
APN
140-25-473
UPID
US07-3390710
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZZoning LC · permitted uses
LC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug stores, fast-food restaurants, hardware and building supply stores, gas stations with convenience stores, and restaurants and cafes. Other typical uses include, but are not limited to, those anchors and large commercial developments that are typically located within a regional mall, retail outlet, or power center. Other compatible uses include medical and professional offices, as well as public and semi-public uses. 3.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
4,253.61 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$665,000
MEDICAL BUILDING
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Sigma USA LLP
Entity
Mailing address
363 S GILBERT RD, MESA, AZ 85204-2454
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2007
$1,835,000
Sigma USA LLP
Robertson Family Trust
Grant Deed
—
Mar 22, 2007
$2,200,000
Broadway Real Estate LLC
The Sigma USA Ltd Liability Partner
Special Warranty Deed
$1,281,000 · Nara Bank NA
Jan 13, 2005
$1,278,789
Robertson Trust
Usrp Molly LLC
Grant Deed
—
Jan 13, 2005
—
Robertson Trust
Usrp Molly LLC
Quit Claim Deed
related
—
Jul 26, 2004
—
Usrp Molly LLC
Usrp Funding 2002-a L P
Quit Claim Deed
related
—
Jul 9, 2002
$1,551,010
Usrp Funding 2002-a LP
Usrp LLC
Grant Deed
related
—
Nov 30, 2000
—
Mesa City (az)
Usrp LLC
Grant Deed
related
$360,000 · Fifth Third Mortgage Co
Jul 14, 1999
$1,050,000
Usrp LLC
Atlantic Richfield Co
Grant Deed
related
—
Aug 2, 1995
—
Mark L Alder
Cheryl B Alder
Quit Claim Deed
related
—
—
—
Broadway Real Estate LLC
—
Loan Modification
related
$1,281,000 · Bbcn 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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