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Property profile & analytics
OFF-MARKET
Estimated value
$22,930,000
Specialty properties
520 Mesa Dr, Mesa, AZ 85201-5958
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0402058
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1999
Construction
STEEL FRAME
Total area
2,562 SF
Lot
5.55 ac (241,777 SF)
Zoning code
RM-4
APN
137-15-003M
UPID
US07-0402058
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
-
The Madison Apartments Apartment Complex
-
Benchmark Landscape Landscaping General Contractor
-
Sonoma Heights Apartment Building Real Estate
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.53M
Blend (final)
Blend
$22.93M
Owner & transaction history
Gc Madison LLC · 5 yrs held
Gc Madison LLC
since 2021
Last sale
$23.0M
5 recorded transactions
Zoning & alternative use
RM-4 · 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
$22,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.93M
Range $20.64M – $25.22M · ±10% · vs last sale $23.00M (Feb 2 2021)
Last sale anchor
$23.00M
Feb 2 2021
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
$8,950 / 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
$70,539
Tax year 2023
Assessed value
$1,689,650
Assessed 2024
Previous assessed
$1,204,360
+40.3% YoY
Effective rate
4.17%
On assessed value
Land market value
$3,266,300
Improvement market value
$13,630,200
Total market value
$16,896,500
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
96
Total area
2,562 SF
Lot
5.55 ac (241,777 SF)
Zoning code
RM-4
APN
137-15-003M
UPID
US07-0402058
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning RM-4 · permitted uses
RM-4 · 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.
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
96
Lot
5.55 ac
Current owner
From public records · entity-resolved
Gc Madison LLC
Entity
Mailing address
9595 WHISHIRE BLVD STE #214, BEVERLY HILLS, CA 90212
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
$23,000,000
Gc Madison LLC
Sonoma Heights Partners LLC
Special Warranty Deed
—
Aug 30, 2019
$16,000,000
Sonoma Heights Partners LLC
Sonoma Heights LLC
Special Warranty Deed
related
$11,987,167 · East West Bank
Oct 27, 2017
—
Sonoma Heights LLC
—
Grant Deed
related
$2,422,000 · Walker & Dunlop
Sep 26, 2014
$6,200,000
Sonoma Heights LLC
Mercy Housing Arizona-i LP
Grant Deed
$4,725,000 · Walker & Dunlop
—
—
Sonoma Heights LLC
—
Deed Of Trust
related
$2,422,000 · Walker & Dunlop
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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