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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Warehouses
526 Juanita Ave Mesa, AZ 85204-6540
Individually Owned
1-yr Hold
Free & Clear
Property ID
US07-1331118
Property summary
AI-generated overview
This exceptional 14,600 square foot flex space property, located at 526 E Juanita Ave in Mesa, Arizona (zip code 85204), presents a compelling investment opportunity. Built in 1981, this multi-tenant property sits on a 0.99-acre lot and boasts M-1 zoning within the City of Mesa. The building features eight 12' wide x 10' high roll-up doors, providing convenient access for loading and unloading. Ceiling heights range from 14 to 16 feet, offering ample vertical space. The property includes 1.78 parking spaces per 1,000 square feet. Power is supplied by a 200-400 amp, 12/208V, 3-phase system. Its strategic location is less than half a mile south of US-60, offering excellent accessibility and visibility. This property is ideal for owner-users or multi-tenant investors seeking a well-maintained industrial space with significant potential in a thriving Arizona market. The asking price is $3,358,000. The property's APN is 139-12-009F.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
CONCRETE
Total area
14,544 SF
Lot
0.99 ac (43,224 SF)
Zoning code
LI
APN
139-12-009F
UPID
US07-1331118
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
-
AZ Metals Factory Production Facility
-
Eclipse Carbide Inc Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.97M
Owner & transaction history
Richard N Mills · 1 yrs held
Richard N Mills
since 2025
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.5M
+84.2%
Retail stores
$3.8M
+55.1%
Medical building
$3.8M
+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
$2,460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,530,000
Change: +84% · Conversion: Moderate
RETAIL STORES
$3,810,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$3,810,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$3,165,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $3.10M (Oct 16 2024)
Last sale anchor
$3.10M
Oct 16 2024
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
$204 / 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
$13,039
Tax year 2023
Assessed value
$281,870
Assessed 2024
Previous assessed
$220,524
+27.8% YoY
Effective rate
4.63%
On assessed value
Land market value
$322,500
Improvement market value
$1,385,800
Total market value
$1,708,300
Applied tax rate
411,000.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
14,544 SF
Lot
0.99 ac (43,224 SF)
Zoning code
LI
APN
139-12-009F
UPID
US07-1331118
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
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.2M
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
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Richard N Mills
Individual
Free & Clear · 1 yrs held
Mailing address
5134 N CENTRAL AVE, PHOENIX, AZ 85012-1475
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Richard N Mills
—
Deed
related
$1,650,000 · Academy Bank NA
Mar 14, 2025
—
Richard N Mills
—
Deed
related
$1,050,000 · Sterk Investments INC
Jan 16, 2025
$3,100,000
Richard N Mills
Bragmar Investments Limited Partner
Special Warranty Deed
—
Jun 10, 1998
—
Bragmar Investments Lps
Marshall,james R
Grant Deed
related
—
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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