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Property profile & analytics
OFF-MARKET
Estimated value
$18,445,000
Warehouses
5139 Indigo St, Mesa, AZ 85205
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-0780711
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
78,470 SF
Lot
2.1 ac (91,275 SF)
Zoning code
LI
APN
141-35-055
UPID
US07-0780711
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
by Request
Comparable Approach
Comparable
$18.51M
Blend (final)
Blend
$18.45M
Owner & transaction history
Amerco Real Estate Co · 7 yrs held
Amerco Real Estate Co
since 2019
7 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$24.4M
+84.2%
Retail stores
$20.6M
+55.1%
Medical building
$20.6M
+54.9%
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
WAREHOUSE, STORAGE
$13,265,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,440,000
Change: +84% · Conversion: Moderate
RETAIL STORES
$20,570,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$20,550,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$15,350,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$18.45M
Range $16.60M – $20.29M · ±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
$235 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$74,093
Tax year 2022
Assessed value
$1,833,860
Assessed 2024
Previous assessed
$1,509,498
+21.5% YoY
Effective rate
4.04%
On assessed value
Land market value
$768,100
Improvement market value
$10,346,200
Total market value
$11,114,300
Applied tax rate
41,000.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
78,470 SF
Lot
2.1 ac (91,275 SF)
Zoning code
LI
APN
141-35-055
UPID
US07-0780711
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Mesa, AZ
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.4M
RETAIL STORES
Est. value
$20.6M
MEDICAL BUILDING
Est. value
$20.6M
OFFICE BUILDING
Est. value
$15.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2019
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Amerco Real Estate Co
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2019
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
May 17, 2019
$5,582,500
Amerco Real Estate Co
Intelliguard Self Storage
Grant Deed
—
Aug 16, 2017
—
Intelliguard Self Storage LLC
Glenn Lloyd & Gail Trust
Quit Claim Deed
related
$5,751,654 · Glenn Lloyd & Gail Tr (pt)
Mar 17, 2017
$410,737
Glenn,lloyd & Gail Trust
Jocko Dev LLC
Grant Deed
—
Aug 21, 2013
$1,705,200
Jocko Dev LLC
Db Falcon LLC
Grant Deed
—
Aug 31, 2011
$869,000
Db Falcon LLC
Arizona Graystar Return LLC
Grant Deed
—
Dec 15, 2009
$2,290,750
Arizona Graystar Return LLC
First American Title Ins
Trustees Deed
related
—
Feb 19, 2009
—
Graystar R/e Holdings LLC
—
Deed Of Trust
related
$1,450,000 · Bank Midwest NA
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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