Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    460 Greenfield Rd Mesa, AZ 85206-2062

    • Office Properties & Spaces
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2327089
    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

    • Realtor Felecia Rozansky / Real Estate Agency / Real Estate Agent
    • Sunland Home Care / Home Help / Home Help Service Agency
    • Kent Norgard / Real Estate Agency
    • KEPP Energy / Consultant
    • Sunland Village East Home Page / Real Estate Agency

    Property Details for 460 Greenfield Rd

    Lot size
    0.80 lot acres
    Zone code
    LC
    Property type
    Office Properties & Spaces
    APN
    140-37-550
    APU
    14037550

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.737
    Latitude
    33.4072
    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
    $0.00
    $0.00
    $0.00
    $83
    -
    $500
    $0.00
    $500

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      5416 Southern Ave

      CONDOMINIUM OFFICES • 1.35 Acres
      5416 Southern Ave, Mesa, AZ 85206-3622
      View Details
    • Value Estimation by Request
      1,800 SF

      6262 Broadway Rd

      CONDOMINIUM OFFICES • 1,800 SF
      6262 Broadway Rd, Mesa, AZ 85206-6101
      View Details
    • Value Estimation by Request
      37,715 SF

      801-835 Power Rd

      Neighborhood centers • 37,715 SF
      801-835 Power Rd, Mesa, AZ 85206
      View Details
    • Value Estimation by Request
      10,658 SF

      4437 Holmes Ave

      OFFICE (GENERAL) • 10,658 SF
      4437 Holmes Ave, Mesa, AZ 85206-3372
      View Details
    • Value Estimation by Request
      1.86 Acres

      4121 Vly Auto Dr

      CONDOMINIUM OFFICES • 1.86 Acres
      4121 Vly Auto Dr, Mesa, AZ 85206-4631
      View Details
    • Value Estimation by Request
      0.84 Acres

      5151 Broadway Rd

      CONDOMINIUM OFFICES • 0.84 Acres
      5151 Broadway Rd, Mesa, AZ 85206-1346
      View Details

    Similar Nearby for Sale

    • $4,697,550
      9,490 SF

      Mesa Medical Office Building

      9,490 SF Medical Office - Vacant
      5215 Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing
      2,850 SF

      Medical Office Near Banner Gateway

      Located near medical centers and Arizona Spine and Joint Hospital.
      4566 E Inverness Ave, Mesa, AZ 85206
      View Details
    • $4,779,323
      8,876 SF

      Mesa Medical Office Investment

      Modern medical office building in Mesa, fully leased.
      5555 E Baseline Rd, Mesa, AZ 85206
      View Details
    • $4,697,550
      9,490 SF

      Freestanding Medical/Dental Building For Sale

      Freestanding medical/dental building in a retail center, new construction.
      5215 E Southern Ave, Mesa, AZ 85206
      View Details
    • $1,200,000
      0.08 Acres

      Prime Mesa Office Condo Investment

      High-traffic location, updated suites, strong rental income.
      1423 Higley Rd, Mesa, AZ 85206
      View Details
    • $1,067,376
      1 SF

      Vacant Land Lot in Mesa

      Cleared vacant land available for sale in Mesa, Arizona.
      5535 E Baseline Rd, Mesa, AZ 85206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,079 SF

      Mesa Executive Suites - Wellness Center

      Prime Mesa Office Space, Flexible Lease Terms
      4111 Valley Auto Dr, Mesa, AZ 85206
      View Details
    • $7 SF/Yr
      59,418 SF

      3707 Southern Ave

      Office space • 59,418 SF
      3707 Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing

      Baywood Health Center For Rent

      Medical and office spaces available near Banner Baywood Medical Center.
      6522 E Broadway Rd, Mesa, AZ 85206
      View Details
    • $1.65 SF/Yr
      2,935 SF

      Mesa Office Warehouse For Lease

      Office and warehouse space available for lease in Mesa, AZ.
      2942 N Greenfield Rd, Mesa, AZ 85206
      View Details
    • $1,050 /Mo
      80 SF

      Move-In Ready Salon Suites

      Salon suites for lease in Greenfield Plaza, Mesa, AZ.
      4121 E Valley Auto Dr, Mesa, AZ 85206
      View Details
    • $16 SF/Yr
      2,024 SF

      Medical Office Space Near Hospital

      Medical office space available across from Banner Baywood Medical Center.
      6553 E Baywood Ave, Mesa, AZ 85206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    460 Greenfield Rd
    Mesa, AZ 85206-2062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.