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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Strip malls
4830 Main St Mesa, AZ 85205-8003
Individually Owned
Free & Clear
Property ID
US07-3489940
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
CONCRETE
Total area
27,494 SF
Lot
3.58 ac (156,069 SF)
Zoning code
LC
APN
140-17-001A
UPID
US07-3489940
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
-
Dr. Pease & Associates Dental Office
-
Internet Everywhere Telecommunications Service Data Center
-
Dr. Virna L. Villas, DDS Dental Office
-
Cal-Am Properties Regional Office Corporate Office
-
Dr. Kimberly S. Rao, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$6.65M
Owner & transaction history
The Norton And Loretta Karno Fmtr
The Norton And Loretta Karno Fmtr
since 2025
7 recorded transactions
Zoning & alternative use
LC · 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
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
NEIGHBORHOOD: SHOPPING CENTER
$8,565,000
Current use
RETAIL STORES
$7,205,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$7,200,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±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
$242 / 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
$33,600
Tax year 2023
Assessed value
$754,623
Assessed 2024
Previous assessed
$657,373
+14.8% YoY
Effective rate
4.45%
On assessed value
Land market value
$1,241,400
Improvement market value
$3,332,071
Total market value
$4,573,471
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
27,494 SF
Lot
3.58 ac (156,069 SF)
Zoning code
LC
APN
140-17-001A
UPID
US07-3489940
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.6M
RETAIL STORES
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.58 ac
Current owner
From public records · entity-resolved
The Norton And Loretta Karno Fmtr
Individual
Free & Clear · 0 yrs held
Mailing address
16255 VENTURA BLVD STE #1200, ENCINO, CA 91436-2320
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
—
The Norton And Loretta Karno Fmtr
Norton S Karno
Deed
related
—
Aug 29, 2012
$587,000
Norton Karno
State Bar Of Arizona
Trustees Deed
related
—
Nov 4, 2005
—
Emerald Dev LLC
—
Trustees Deed
related
$1,700,000 · Merchants Funding LLC
Jun 20, 2005
$3,775,000
Sherpa Holdings Co LLC
Re Holdings LLC
Grant Deed
$1,700,000 · Lanco Exchange INC
Dec 16, 2002
$2,807,500
R E Holdings LLC
Arden Square Value Enhancement
Grant Deed
related
$1,775,000 · Arden Square Value Enhancement
Jun 13, 1997
$1,468,000
Square Value Enhancement I Arden
William M Wetsman
Grant Deed
—
—
—
Emerald Dev LLC
—
Deed Of Trust
related
$1,910,000 · Zions First 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.
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