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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Flex space
4856 Baseline Rd Ste 103 Mesa, AZ 85206-4635
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0823697
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2003
Construction
CONCRETE
Total area
18,294 SF
Lot
0.05 ac (2,279 SF)
Zoning code
PEP
APN
140-69-043
UPID
US07-0823697
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Yic Realty Az LLC · 4 yrs held
Yic Realty Az LLC
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
PEP · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+59.6%
Medical building
$4.3M
+44.1%
Warehouse, storage
$3.1M
+3.0%
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
$2,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,035,000
6.5%
$2,800,000
7%
$2,600,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,005,000
Current use
RETAIL STORES
$4,795,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$4,330,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,095,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $3.00M (Jul 18 2022)
Last sale anchor
$3.00M
Jul 18 2022
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
$159 / 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
$4,427
Tax year 2023
Assessed value
$130,796
Assessed 2024
Previous assessed
$104,261
+25.5% YoY
Effective rate
3.38%
On assessed value
Land market value
$158,500
Improvement market value
$634,200
Total market value
$792,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
18,294 SF
Lot
0.05 ac (2,279 SF)
Zoning code
PEP
APN
140-69-043
UPID
US07-0823697
Jurisdiction
MARICOPA
Zoning & alternative use
PEP · Mesa, AZ
Zoning PEP · permitted uses
PEP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
RETAIL STORES
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Yic Realty Az LLC
Entity
Mailing address
1252 HICKORY ST, TOMS RIVER, NJ 08755-1368
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
—
Yic Realty Az LLC
—
Deed
related
$5,425,000 · Zb NA
Aug 15, 2022
—
Yic Realty Az LLC
—
Deed
related
$5,800,000 · Pangea Mortgage Capital LLC
Jul 18, 2022
$3,000,000
Yic Realty Az LLC
Canaan Properties LLC
Special Warranty Deed
$5,800,000 · Pangea Mortgage Capital LLC
May 13, 2019
$1,100,000
Canaan Properties LLC
1211 North Ninth Street Ll
Grant Deed
$1,003,500 · Bank Of America
Aug 25, 2004
$490,935
1211 North Ninth Street LLC
Pierpont Commerce Group Ll
Grant Deed
related
—
—
—
1211 North Ninth Street LLC
—
Deed Of Trust
related
$940,000 · East Valley Community 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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