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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    460 Auto Ctr Dr Mesa, AZ 85204-6500

    • Automotive properties
    • 25,528 SF
    • 12.35 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2022
    $24,500,000
    Value Estimations
    $24,675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0976747
    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.

    Current Use by Public Records

    • Ford Mesa Parts Department / Auto Parts Store
    • Ford Mesa Service Department / Auto Repair Shop
    • Larry H. Miller Ford Mesa / Car Dealership / Auto Repair Shop
    • Enterprise Rent-A-Car / Car Rental Facility

    Property Details for 460 Auto Ctr Dr

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    12.35 lot acres
    Property size
    25,528 SF
    Zone code
    I-1
    Property type
    Automotive properties
    APN
    139-12-023
    APU
    13912023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,352,000
      Market price range: $5.59M - $17.4M
      AI Estimate
      $17,352,000
      Market price range: $5.38M - $17.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $16,380,000
      RESTAURANT
      $16,340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.821
    Latitude
    33.3845
    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
    2023
    $182,150
    $0.00
    $0.00
    $2,462,081
    -
    $4,244,300
    $10,677,400
    $14,921,700

    Comparable in this City

    • Value Estimation
      $2,450,000
      3,604 SF

      2344 Baseline Rd

      AUTO REPAIR, GARAGE • 3,604 SF
      2344 Baseline Rd, Mesa, AZ 85204-6959
      View Details
    • Value Estimation by Request
      336 SF

      246 Wayfarer

      RESIDENTIAL PARKING GARAGE • 336 SF
      246 Wayfarer, Mesa, AZ 85204-1507
      View Details
    • Value Estimation
      $1,195,000
      2,471 SF

      444 Gilbert Rd

      CAR WASH - SELF-SERVE • 2,471 SF
      444 Gilbert Rd, Mesa, AZ 85204-2818
      View Details
    • Value Estimation by Request
      192 SF

      423 Stapley Dr

      CAR WASH - SELF-SERVE • 192 SF
      423 Stapley Dr, Mesa, AZ 85204-2612
      View Details
    • Value Estimation
      $1,980,000
      4,000 SF

      1953 Southern Ave

      SERVICE STATION (FULL SERVICE) • 4,000 SF
      1953 Southern Ave, Mesa, AZ 85204-5215
      View Details
    • Value Estimation
      $985,000
      4,582 SF

      460 Gilbert Rd

      AUTO REPAIR, GARAGE • 4,582 SF
      460 Gilbert Rd, Mesa, AZ 85204-2818
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,560 SF

      Mesa Auto Shop with Lifts

      Auto shop with lifts, secured yard, and prime location.
      746-748 W Southern Ave, Mesa, AZ 85204
      View Details
    • $1,957,000
      6,506 SF

      Mesa NNN Leased Investment Opportunity

      NNN leased investment opportunity in Central Mesa, Arizona.
      1559 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      564,374 SF

      Mesa Retail Power Center

      Dominant power center location in Mesa, Arizona.
      1955 S Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      14,062 SF

      Prime Retail Location on Stapley

      Excellent street visibility and daily traffic in a dynamic location.
      1920 S Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      3,047 SF

      Freestanding Drive-Thru Restaurant Opportunity

      Freestanding drive-thru restaurant on a 0.80 acre lot.
      2033 E Southern Ave, Mesa, AZ 85204
      View Details
    • Contact for pricing
      6,749 SF

      Mesa Retail Property For Sale

      Retail property in Mesa, Arizona, with high traffic volume.
      431 W Southern Ave, Mesa, AZ 85204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      134,253 SF

      Retail Spaces Available For Rent

      Strip center with freeway access in established retail location.
      1356 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      1,991 SF

      Mesa Retail Space For Rent

      Retail space available in a renovated Mesa shopping center.
      1241 E Harmony Cir, Mesa, AZ 85204
      View Details
    • $1.15 SF/Yr
      2,920 SF

      Mesa Warehouse with Drive-Thru

      Warehouse featuring a showroom, office, and drive-thru unit.
      418 E Baseline Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      3,122 SF

      Retail Space on Signalized Corner

      Highly visible retail space near US-60 Freeway interchange.
      1255 E Southern Ave, Mesa, AZ 85204
      View Details
    • $10 SF/Yr
      1,800 SF

      Mesa Retail Space For Lease

      Retail spaces available in established Mesa trade area.
      925-1107 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Signalized Corner

      Highly visible retail space near US-60 Freeway interchange.
      1245-1255 E Southern Ave, Mesa, AZ 85204
      View Details

    Property Visit Statistics

    • Visits by month
      8.7k
    • Visitors by month
      7.7k
    • Avg Time on site
      40 min
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    Mesa, AZ 85204-6500
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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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