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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
3636 Main St Mesa, AZ 85205-8515
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-0612644
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1933
Construction
CONCRETE
Total area
2,236 SF
Lot
4.74 ac (206,364 SF)
Zoning code
C-G
APN
140-20-002
UPID
US07-0612644
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.04M
Owner & transaction history
3636 Main LLC · 12 yrs held
3636 Main LLC
since 2013
7 recorded transactions
Zoning & alternative use
C-G · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.4M
+144.8%
Auto repair, garage
$985,000
+68.1%
Neighborhood: shopping center
$695,000
+18.8%
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
COMMERCIAL (GENERAL)
$1,435,000
Change: +145% · Conversion: Easy
AUTO REPAIR, GARAGE
$985,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$463 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$18,398
Tax year 2022
Assessed value
$311,894
Assessed 2024
Previous assessed
$273,546
+14.0% YoY
Effective rate
5.90%
On assessed value
Land market value
$1,761,600
Improvement market value
$256,786
Total market value
$2,018,386
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1933
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
2,236 SF
Lot
4.74 ac (206,364 SF)
Zoning code
C-G
APN
140-20-002
UPID
US07-0612644
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Mesa, AZZoning C-G · permitted uses
C-G · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1933
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.74 ac
Current owner
From public records · entity-resolved
3636 Main LLC
Entity
Mailing address
3653 E MAIN ST, MESA, AZ 85205
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2019
—
Lmrk Propco 3 LLC
—
Deed
related
$125,440,000 · Wilmington Tr
Oct 17, 2013
—
3636 Main LLC
Nicholson,dianne J
Quit Claim Deed
related
—
Sep 6, 2013
$700,000
Wayne Wierzgacz
3636 Main LLC
Warranty Deed
—
Sep 4, 2013
—
3636 Main LLC
Nicholson,dianne J
Quit Claim Deed
related
—
Jul 2, 2013
$710,867
Dianne J Nicholson
Sutton Constance
Trustees Deed
—
Jun 2, 1997
—
Reeb Family L P
Rennei R Reeb
Quit Claim Deed
related
—
Aug 31, 1987
—
Rennie R Reeb
—
Deed Of Trust
related
—
—
—
Lmrk Propco 3 LLC
—
Deed Of Trust
related
$125,440,000 · Wilmington Tr
—
—
Reeb Family LLP
—
Deed Of Trust
related
$40,000 · Bh Farm
—
—
Reeb Family LLP
—
Deed Of Trust
related
$320,500 · Dianne J Nicholson
—
—
Reeb Fam Ltd Liability Ptshp
—
Deed Of Trust
related
$200,000 · Bh Farm
—
—
Reeb Family LLP
—
Deed Of Trust
related
$25,000 · Derrell Parrish
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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