Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3707 Southern Ave Mesa, AZ 85206

    • Office buildings
    • 73,864 SF
    • 2.02 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2325899
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • National Association of Real Estate Lawyers / Association Or Organization
    • GunKeepr / (Bike/Boat/Book/etc) Store / Corporate Office
    • Kristine S. Brazzel, PSYD / Counselor / Psychologist
    • Baseline Trucking LLC / Trucking Company
    • HomeWell Care Services / Home Help / Home Help Service Agency

    Property Details for 3707 Southern Ave

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    2.02 lot acres
    Property size
    73,864 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    140-57-345B
    APU
    14057345B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,638,000
      Market price range: $5.41M - $13.5M
      AI Estimate
      $9,638,000
      Market price range: $5.41M - $13.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,560,000
      Current use
      WAREHOUSE, STORAGE
      $12,485,000
      Change: +31% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.751
    Latitude
    33.3923
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,711
    $0.00
    $0.00
    $895,026
    -
    $711,900
    $4,712,500
    $5,424,400

    Comparable in this City

    • Value Estimation by Request
      5,699 SF

      6632 Baseline Rd Ste, Unit 103

      OFFICE BUILDING • 5,699 SF
      6632 Baseline Rd Ste, Mesa, AZ 85206-4428
      View Details
    • Value Estimation
      $610,000
      5,050 SF

      3635 Inverness Ave Ste, Unit 103

      OFFICE BUILDING • 5,050 SF
      3635 Inverness Ave Ste, Mesa, AZ 85206-3848
      View Details
    • Value Estimation
      $620,000
      6,305 SF

      6640 Baseline Rd Ste, Unit 104

      OFFICE BUILDING • 6,305 SF
      6640 Baseline Rd Ste, Mesa, AZ 85206-4437
      View Details
    • Value Estimation
      $4,780,000
      65,251 SF

      4140 Baseline Rd Ste, Unit 105

      OFFICE BUILDING • 65,251 SF
      4140 Baseline Rd Ste, Mesa, AZ 85206-4413
      View Details
    • Value Estimation
      $4,780,000
      65,251 SF

      4140 Baseline Rd Ste, Unit 107

      OFFICE BUILDING • 65,251 SF
      4140 Baseline Rd Ste, Mesa, AZ 85206-4413
      View Details
    • Value Estimation
      $4,780,000
      65,251 SF

      4140 Baseline Rd Ste, Unit 208

      OFFICE BUILDING • 65,251 SF
      4140 Baseline Rd Ste, Mesa, AZ 85206-4415
      View Details

    Similar Nearby for Sale

    • $4,779,323
      8,876 SF

      Modern East Valley Office Building

      Modern 8,876 SF office building in Mesa, Arizona's East Valley.
      5555 E Baseline Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      2,850 SF

      Medical Office Near Banner Gateway

      Located near medical centers and Arizona Spine and Joint Hospital.
      4566 E Inverness Ave, Mesa, AZ 85206
      View Details
    • $4,779,323
      8,876 SF

      Mesa Medical Office Investment

      Modern medical office building in Mesa, fully leased.
      5555 E Baseline Rd, Mesa, AZ 85206
      View Details
    • $4,697,550
      9,490 SF

      Mesa Medical Office Building

      9,490 SF Medical Office - Vacant
      5215 Southern Ave, Mesa, AZ 85206
      View Details
    • $4,183,720

      Mesa Light Industrial Land

      Approximately 10.11 acres of light industrial land for sale.
      N Recker Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      1,088 SF

      Charming Move-In Ready Townhome

      Charming 2-bedroom townhome with upgraded features and community amenities.
      1350 S Greenfield Rd, Mesa, AZ 85206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,914 SF

      Class A Office Space Available

      New build office space near Falcon Field Airport.
      2443 N Greenfield Rd, Mesa, AZ 85206
      View Details
    • $26 SF/Yr
      53,823 SF

      Class A Office Space Available

      Class A office space with mountain and golf course views.
      6402 E Superstition Springs Blvd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      86,879 SF

      Class A Office Near Airport

      New build office space ideal for aviation-related businesses.
      2559 N Greenfield Rd, Mesa, AZ 85206
      View Details
    • $14 SF/Yr
      37,715 SF

      Mesa East Office Suites

      Prime Medical/Executive Office Space Available
      801-835 Power Rd, Mesa, AZ 85206
      View Details
    • $16 SF/Yr
      864 SF

      Mesa Office Space For Lease

      Office spaces for lease in Mesa, Arizona.
      4435 E Broadway Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      2,014 SF

      Retail/Medical Space Near US-60

      2,014 SF retail/medical space near Superstition Springs Regional Mall.
      1545 S Power Rd, Mesa, AZ 85206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3707 Southern Ave
    Mesa, AZ 85206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!