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    435 N Harris Dr Mesa, AZ 85203
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    Property profile & analytics

    435 N Harris Dr, Mesa, AZ 85203

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    • Office buildings
    • 1,613 SF
    • 0.24 lot acres
    For Sale
    $699,000
    View Listing →
    Mesa Flex Space For Sale For Sale
    $699,000
    3,308 SF

    Mesa Flex Space For Sale

    Flex space with offices, warehouse, and secure parking.

    435 N Harris Dr, Mesa, AZ
    View Listing
    Property ID
    US07-2271321
    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.
    Value Estimations
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Brighton Publishing LLC / Publishing House

    Property Details for 435 N Harris Dr

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Zone code
    LC
    Property type
    Office buildings
    APN
    137-01-001S
    APU
    13701001S

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 26, 2025 $657,000 El Holding LLC Holly Investments LLC Special Warranty Deed $607k · City National Bank
    Jun 24, 2025 $600,000 Holly Investments LLC Wayne Decker PC Special Warranty Deed —
    May 13, 2025 $430,000 Wayne Decker PC Lore Enterprises LLC Warranty Deed —
    Nov 8, 2022 — Lore Enterprises LLC Brighton Publishing LLC Special Warranty Deed —
    Jul 6, 2021 — Brighton Publishing LLC Donald D Mcguire Special Warranty Deed —
    Jun 18, 2018 — Donald D Mcguire Mcguire,katherine J Quit Claim Deed · related —
    Apr 26, 2013 $256,000 Katherine J Mcguire Lamberto,luigi F Grant Deed $206k · Luigi F Lamberto
    Mar 15, 2013 — Luigi F Lamberto Lamberto,sara J Quit Claim Deed · related —
    Aug 17, 2007 $215,000 Luigi F Lamberto Samuelian,sandra C Warranty Deed $183k · Sunrise Bank Of Arizona
    Jun 30, 2005 $319,000 Sandra C Samuelian Pinto,john P Warranty Deed —
    Mar 29, 2001 $185,000 John P Pinto Ayala Properties INC Grant Deed —
    Aug 17, 2000 $165,000 Ayala Properties INC Gamma Trust Grant Deed —
    Nov 6, 1995 $130,000 Gamma Family Trust John Woudenberg Grant Deed $90k · Seller
    Nov 4, 1987 $125,000 John Woudenberg — Grant Deed · related —
    — — John P Pinto — Deed Of Trust · related $260k · John P Pinto

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $490,000
      6.5%
      $455,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $459,000
      Market price range: $182k - $460k
      AI Estimate
      $459,000
      Market price range: $182k - $460k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $710,000
      NEIGHBORHOOD: SHOPPING CENTER
      $500,000
      RETAIL STORES
      $425,000
      MEDICAL BUILDING
      $420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.796
    Latitude
    33.4234
    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
    2022
    $3,864
    $0.00
    $0.00
    $71,214
    -
    $131,100
    $300,500
    $431,600

    Comparable in this City

    • Value Estimation
      $660,000
      5,855 SF

      840 Mckellips Rd Ste, Unit 104

      OFFICE BUILDING
      840 Mckellips Rd Ste, Mesa, AZ 85203-9654
      View Details
    • Value Estimation
      $595,000
      4,224 SF

      535 Mckellips Rd Ste, Unit 105

      OFFICE BUILDING
      535 Mckellips Rd Ste, Mesa, AZ 85203-2525
      View Details
    • Value Estimation
      $1,185,000
      9,762 SF

      325 Stapley Dr

      OFFICE BUILDING
      325 Stapley Dr, Mesa, AZ 85203-8030
      View Details
    • Value Estimation
      $660,000
      5,860 SF

      840 Mckellips Rd Ste, Unit 109

      OFFICE BUILDING
      840 Mckellips Rd Ste, Mesa, AZ 85203-9654
      View Details
    • Value Estimation
      $1,405,000
      10,836 SF

      1345 Main St

      OFFICE BUILDING
      1345 Main St, Mesa, AZ 85203-8947
      View Details
    • Value Estimation by Request
      2,006 SF

      1550 University Dr Ste L1

      OFFICE BUILDING
      1550 University Dr Ste L1, Mesa, AZ 85203-8158
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr

      Mesa Office/Medical Space For Lease

      Office/Medical space available for lease in Mesa, Arizona.
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    • $10 SF/Yr

      Mesa Medical/Office Space Available

      Medical/Office space for lease with frontage on University Drive.
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      View Details
    • Contact for pricing
      576 SF

      Professional Office Space For Rent

      Office space in high-visibility area, close to freeways.
      925 N Stapley Dr, Mesa, AZ 85203
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease at Gilbert Rd & University.
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      View Details
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      Office Space in Central Mesa

      Office space for rent in a central Mesa location.
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      Mesa Office Spaces For Lease

      Office spaces available for lease in Mesa, Arizona.
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    Mesa, AZ 85203
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    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
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