Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
451 Vineyard Mesa, AZ 85201-5630
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-0881759
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
CONCRETE
Total area
1,507 SF
Lot
0.25 ac (11,021 SF)
Zoning code
RM-4
APN
135-25-056A
UPID
US07-0881759
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
-
VSSL Digital Advertising Agency Marketing & Advertising
-
Tech1P Marketing & Advertising Advertising 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
Fred Bodner · 10 yrs held
Fred Bodner
since 2016
7 recorded transactions
Zoning & alternative use
RM-4 · 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,492
Tax year 2022
Assessed value
$50,797
Assessed 2024
Previous assessed
$20,540
+147.3% YoY
Effective rate
2.94%
On assessed value
Land market value
$167,300
Improvement market value
$140,558
Total market value
$307,858
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,507 SF
Lot
0.25 ac (11,021 SF)
Zoning code
RM-4
APN
135-25-056A
UPID
US07-0881759
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning RM-4 · permitted uses
RM-4 · 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
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Fred Bodner
Individual
Mailing address
2875 W RAY RD STE #6, CHANDLER, AZ 85224-3525
Ownership since
2016
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
Mar 11, 2016
$123,000
Fred Bodner
Porter,matthew & Louisa Trust
Grant Deed
—
Jun 19, 2015
$102,500
Porter,matthew & Lousia Trust
Save The Family
Warranty Deed
—
Dec 22, 2010
—
Save The Family Foun Of Arizona
Life Mancuso Trust
Grant Deed
related
$237,616 · Mutual Of Omaha Bank
Dec 21, 2007
$300,000
Save The Foundation Of Arizona
Mancuso Life Trust
Warranty Deed
$243,496 · Mesa Bank
May 18, 1999
—
Mancuso Trust
Mancuso,david A
Quit Claim Deed
related
—
May 8, 1998
$90,000
Davgid A Mancuso
Reach Trust
Grant Deed
$90,000 · First International Bank
Jan 3, 1997
—
Reach Family Trust
Albert G & B Lynn Reach
Quit Claim Deed
related
—
Jun 6, 1996
—
Albert G Reach
Albert G & B Lynn Reach
Quit Claim Deed
related
—
—
—
David A Mancuso
—
Deed Of Trust
related
$121,500 · First National Bank Arizona
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 451 Vineyard?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
