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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
433 Main St Ste 101, Mesa, AZ 85201-6526
Individually Owned
3-yr Hold
Free & Clear
Property ID
US07-1374273
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
2,000 SF
Lot
0.12 ac (5,426 SF)
Zoning code
C-TC
APN
134-01-004
UPID
US07-1374273
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
$375k
Comparable Approach
Comparable
$383k
Blend (final)
Blend
$545k
Owner & transaction history
Octavio Marin Hernandez · 3 yrs held
Octavio Marin Hernandez
since 2023
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
C-TC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$880,000
+160.7%
Neighborhood: shopping center
$625,000
+84.2%
Medical building
$525,000
+54.9%
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
$685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$340,000
Current use
AUTO REPAIR, GARAGE
$880,000
Change: +161% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$525,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$445,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$410,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $720k (Jan 23 2023)
Last sale anchor
$720k
Jan 23 2023
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
$273 / 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
$1,629
Tax year 2023
Assessed value
$37,934
Assessed 2024
Previous assessed
$30,566
+24.1% YoY
Effective rate
4.29%
On assessed value
Land market value
$91,600
Improvement market value
$138,300
Total market value
$229,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
2,000 SF
Lot
0.12 ac (5,426 SF)
Zoning code
C-TC
APN
134-01-004
UPID
US07-1374273
Jurisdiction
MARICOPA
Zoning & alternative use
C-TC · Mesa, AZ
Zoning C-TC · permitted uses
C-TC · 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
WAREHOUSE, STORAGE Current
Est. value
$340,000
AUTO REPAIR, GARAGE
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
MEDICAL BUILDING
Est. value
$525,000
OFFICE BUILDING
Est. value
$445,000
RETAIL STORES
Est. value
$410,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Octavio Marin Hernandez
Individual
Free & Clear · 3 yrs held
Mailing address
433 E MAIN ST, MESA, AZ 85203-8769
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2023
$720,000
Octavio Marin Hernandez
John Morehouse
Warranty Deed
—
Jan 23, 2023
—
Octavio Marin Hernandez
Lorena Mireles
Intrafamily Transfer
related
$720,000 · John B Morehouse Etux
Oct 4, 2017
$550,000
John Morehouse
Laverna INC
Grant Deed
—
Dec 30, 2011
$160,000
Laverna INC
Machine Age LLC
Grant Deed
$100,000 · Machine Age LLC
Jun 30, 2010
$100,000
Machine Age LLC
Stewart Property Mgmt LLC
Grant Deed
—
Oct 5, 2007
—
Stewart Property Mgmt LLC
Stewart,jimmy R
Quit Claim Deed
—
May 8, 2000
—
Jimmy R Stewart
Dobson Properties LLC
Quit Claim Deed
related
—
Nov 18, 1997
—
Properties L L C Dobson
Wesley G Dobson Trust
Quit Claim Deed
related
—
Oct 30, 1997
—
Janice L Stewart
Dobson/stewart Management
Quit Claim Deed
related
—
Jan 18, 1995
—
Jimmy R Stewart
Stewart
Quit Claim Deed
related
—
Dec 27, 1990
—
Stewart M Dobson
Stewart
Quit Claim Deed
related
—
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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