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Property profile & analytics
FOR SALE
Retail space
4517 E Main St Mesa, AZ 85205
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1272194
For Sale
$5,900,000
4517 E Main St, Mesa, AZ 85205
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
STEEL FRAME
Total area
29,342 SF
Lot
2.7 ac (117,577 SF)
Zoning code
LC
APN
140-32-001V
UPID
US07-1272194
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
-
Purple Heart Desert Thrift Shop Discount Store
-
Near2Me Self Storage Units Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$6.30M
Owner & transaction history
Dotty Holdings LLP · 12 yrs held
Dotty Holdings LLP
since 2014
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.1M
+18.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,140,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$7,685,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.30M
Range $5.67M – $6.92M · ±10%
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
$215 / 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
$540
Tax year 2023
Assessed value
$799,487
Assessed 2024
Previous assessed
$662,025
+20.8% YoY
Effective rate
0.07%
On assessed value
Land market value
$979,700
Improvement market value
$4,350,214
Total market value
$5,329,914
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
29,342 SF
Lot
2.7 ac (117,577 SF)
Zoning code
LC
APN
140-32-001V
UPID
US07-1272194
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Dotty Holdings LLP
Entity
Mailing address
PO BOX 20250, MESA, AZ 85277-0250
Ownership since
2014
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 22, 2020
—
Dotty Holdings LLP
—
Deed
related
$17,737 · Vision Bk
Jun 27, 2019
—
4575 Main LLC
—
Deed
related
$34,429 · Vision Bk
May 1, 2014
—
Dotty Holdings LLP
Eide,allen N
Grant Deed
—
Mar 27, 2012
—
Allen N Eide
4575 Main LLC
Special Warranty Deed
$2,800,000 · Wells Fargo Bank NA
Jun 15, 2007
$600,000
4575 Main LLC
Daruth Resources LLC
Warranty Deed
$400,000 · Daruth Resources LLC
May 28, 2004
$243,310
Daruth Resources LLC
Greenfield & Main LP
Grant Deed
—
—
—
4575 Main LLC
—
Loan Modification
related
$34,429 · Vision Bk
—
—
4575 Main LLC
—
Deed Of Trust
related
$3,000,000 · Private Lender
—
—
Dotty Holdings LLP
—
Loan Modification
related
$17,737 · Vision Bk
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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