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Property profile & analytics
OFF-MARKET
Office Spaces
4450 Mclellan Rd Mesa, AZ 85205-3226
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2790158
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
1.81 ac (78,853 SF)
Zoning code
LI
APN
141-34-435
UPID
US07-2790158
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
-
Arthur J Gallagher Insurance Agency
-
Commercial Cabling Company Construction Company
-
Netprotechs Tech Support Center (Bike/Boat/Book/etc) Store
-
City Electric Supply Mesa Big Box & Wholesale Store
-
Artex Risk Solutions Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cactus Condos 2 LLC · 1 yrs held
Cactus Condos 2 LLC
since 2024
7 recorded transactions
Zoning & alternative use
LI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$75
Assessed 2024
Previous assessed
$75
+0.0% YoY
Land market value
$500
Total market value
$500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
1.81 ac (78,853 SF)
Zoning code
LI
APN
141-34-435
UPID
US07-2790158
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Mesa, AZ
Zoning LI · permitted uses
LI · 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
Heating
NONE
Lot
1.81 ac
Current owner
From public records · entity-resolved
Cactus Condos 2 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2915 E BASELINE RD STE #115, GILBERT, AZ 85234-2427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$500,000
Cactus Condos 2 LLC
Lanstar Properties LLC
Special Warranty Deed
—
Jan 17, 2023
$1,285,000
Jane & Seville LLC
Mg Ventures LLC
Special Warranty Deed
$1,285,000 · Cdc Direct Capital
Dec 7, 2020
$1,412,744
Spirit Master Funding X LLC
City Electric Supply Co
Grant Deed
—
Jul 9, 2019
—
Commercial Cactus Condos LLC
Geiselhofer J S & R B Trust
Grant Deed
—
Apr 26, 2019
—
Sawka Real Estate Ventures LLC
Incontrol Systems LLC
Deed
related
—
Apr 26, 2019
$270,000
Geiselhofer,jeffery S Pt Trust
Sawka Real Estate Ventures
Warranty Deed
—
Oct 26, 2018
—
Sawka Real Estate Ventures
Sawka,michael
Quitclaim Deed
related
—
Jul 6, 2017
$180,000
Incontrol Systems LLC
Aae Myers Group INC
Warranty Deed
—
Mar 13, 2017
$355,000
Ethos Holdings LLC
Fit Is It Holdings LLC
Warranty Deed
$301,700 · Wells Fargo Financial National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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