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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Distribution centers
540 Drew St Mesa, AZ 85210-2420
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0815476
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1964
Construction
CONCRETE
Total area
10,460 SF
Lot
0.59 ac (25,642 SF)
Zoning code
GI
APN
139-38-113G
UPID
US07-0815476
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
-
Arizona Foam General Contractor
-
SWD Urethane Industrial Manufacturer Production Facility
-
Quik Shield General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.40M
Owner & transaction history
Sjp Real Property LLC · 5 yrs held
Sjp Real Property LLC
since 2020
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
GI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rs in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP LI GI HI Additional Standards Lot and Density Standards Minimum Site Area (acre) 2.5 1.0 1.0 1.0 Minimum Lot Width (ft.) 100 100 100 100 Minimu…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
3,121.74 ac
Source
code of ordinances
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
$990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,035,000
Current use
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.04M (Dec 31 2020)
Last sale anchor
$1.04M
Dec 31 2020
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
$133 / 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
$8,111
Tax year 2023
Assessed value
$190,559
Assessed 2024
Previous assessed
$150,178
+26.9% YoY
Effective rate
4.26%
On assessed value
Land market value
$239,600
Improvement market value
$915,300
Total market value
$1,154,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
10,460 SF
Lot
0.59 ac (25,642 SF)
Zoning code
GI
APN
139-38-113G
UPID
US07-0815476
Jurisdiction
MARICOPA
Zoning & alternative use
GI · Mesa, AZZoning GI · permitted uses
GI · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rs in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP LI GI HI Additional Standards Lot and Density Standards Minimum Site Area (acre) 2.5 1.0 1.0 1.0 Minimum Lot Width (ft.) 100 100 100 100 Minimum Lot Depth (ft.) 100 100 100 100 Maximum Lot Coverage (% of lot) 90% 90% 90% 90%
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
3,121.74 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
WAREHOUSE, STORAGE Current
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
1964
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Sjp Real Property LLC
Entity
Mailing address
540 S DREW ST, MESA, AZ 85210-2420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 31, 2020
$1,040,738
Sjp Real Property LLC
Gs Property Holdings LLC
Special Warranty Deed
$1,040,738 · Gs Property Holdings LLC
Dec 31, 2020
—
Sjp Real Property LLC
—
Deed
related
$1,040,738 · Gs Property Holdings LLC
Aug 5, 2011
$450,000
Gs Property Holdings LLC
Scott,lee L
Grant Deed
—
Mar 10, 1993
—
Lee L Scott
Scott
Quit Claim Deed
related
—
—
—
Gs Property Holdings LLC
—
Deed Of Trust
related
$800,000 · Bank Of Az
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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