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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Outlet malls
415 Higley Rd Mesa, AZ 85206-2114
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-3442820
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
CONCRETE
Total area
15,188 SF
Lot
1.59 ac (69,181 SF)
Zoning code
LC
APN
141-52-014X
UPID
US07-3442820
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
-
Primo Water Refill Big Box & Wholesale Store
-
Dollar General Discount Store
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Western Union Bank Credit Union
-
Byte Federal Bitcoin ATM (Skyline Liquor 2) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Higley Broadway LLC · 3 yrs held
Higley Broadway LLC
since 2022
Last sale
$2.0M
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
$1,990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,070,000
7%
$1,920,000
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.95M (Sep 8 2022)
Last sale anchor
$1.95M
Sep 8 2022
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
$131 / 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
$37,229
Tax year 2023
Assessed value
$428,673
Assessed 2024
Previous assessed
$373,609
+14.7% YoY
Effective rate
8.68%
On assessed value
Land market value
$1,043,500
Improvement market value
$1,554,516
Total market value
$2,598,016
Applied tax rate
41,003.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,188 SF
Lot
1.59 ac (69,181 SF)
Zoning code
LC
APN
141-52-014X
UPID
US07-3442820
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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Higley Broadway LLC
Entity
Mailing address
415 S HIGLEY RD, MESA, AZ 85206-2114
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$1,950,000
Higley Broadway LLC
Mickeal L Dahle
Special Warranty Deed
$1,560,000 · Community Choice Cu
Jan 21, 2014
$1,570,000
Dahle,mickeal L Trust
Sw Higley LLC
Grant Deed
—
Jun 24, 2011
$1,675,000
South Higley Road Arizona 415
Phoenix 7 Portfolio LLC
Grant Deed
—
Jun 24, 2011
$626,750
Sw Higley LLC
415 South Higley Road Arizona
Grant Deed
—
Jun 24, 2011
—
South Higley Road Arizona 415
Phoenix 7 Portfolio LLC
Grant Deed
related
—
Jan 11, 2011
—
Phoenix 7 Portfolio LLC
—
Deed Of Trust
related
$26,450,000 · Resource R/e Funding Cd 2007-1
Nov 26, 2010
—
Phoenix 7 Portfolio LLC
—
Deed Of Trust
related
$26,450,000 · Resource R/e Funding Cd 2007-1
Aug 31, 2010
—
Phoenix 7 Portfolio LLC
—
Deed Of Trust
related
$26,450,000 · Resource R/e Funding Cdo 2007-
Jun 16, 2010
—
Phoenix 7 Portfolio LLC
—
Deed Of Trust
related
$26,450,000 · Resource R/e Funding Cdo 2007-
Jul 14, 2009
—
Phoenix 7 Portfolio LLC
—
Deed Of Trust
related
$26,450,000 · Resource R/e Funding Cdo 2007-
May 23, 2007
$2,800,000
Phoenix 7 Portfolio LLC
Southern Greenfield Cvs LLC
Grant Deed
—
Jun 26, 2006
$2,800,000
Southern Greenfield Cvs LLC
Osco Drug Of Texas LLC
Quit Claim Deed
—
—
—
Sw Higley LLC
—
Deed Of Trust
related
$600,000 · Treece Billie J Trust (pt)
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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