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Property profile & analytics
OFF-MARKET
Estimated value
$4,175,000
Hotels
5402 Main St Mesa, AZ 85205-8716
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-2961929
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1968
Construction
CONCRETE
Total area
4,320 SF
Lot
1.89 ac (82,147 SF)
Zoning code
RM-4
APN
141-77-051
UPID
US07-2961929
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
-
Essential Roofing Mesa Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$4.18M
Owner & transaction history
Soba Mesa LLC · 11 yrs held
Soba Mesa LLC
since 2015
7 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+1.6%
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
HOTEL/MOTEL
$2,730,000
Current use
COMMERCIAL (GENERAL)
$2,770,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.59M · ±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
$966 / 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
$22,641
Tax year 2023
Assessed value
$322,085
Assessed 2024
Previous assessed
$282,863
+13.9% YoY
Effective rate
7.03%
On assessed value
Land market value
$474,100
Improvement market value
$1,477,933
Total market value
$1,952,033
Applied tax rate
41,012.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
13
Stories
1
Units
13
Total area
4,320 SF
Lot
1.89 ac (82,147 SF)
Zoning code
RM-4
APN
141-77-051
UPID
US07-2961929
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.8M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1968
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
13
Units
13
Lot
1.89 ac
Current owner
From public records · entity-resolved
Soba Mesa LLC
Entity
Mailing address
6262 E BROADWAY RD, MESA, AZ 85206-6101
Ownership since
2015
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
Apr 17, 2026
—
Soba Mesa LLC
—
Deed
related
$4,257,800 · First Bank Of Ga
Apr 17, 2015
$1,400,000
Soba Mesa LLC
Pema Parekh Hospitality LLC
Warranty Deed
$1,223,000 · Celtic Bank Corporation
May 1, 2008
$1,450,000
Pema Parekh Hospitality LLC
Pravinkumar Vanmalibhai Patel
Warranty Deed
$1,257,900 · First National Bank Of Arizona
Jun 26, 2003
$1,100,000
Pravinkumar V Patel
Djekic,ratibor & Vera
Grant Deed
$417,996 · Ratibor & Vera Djekic
Sep 16, 1998
—
Ratibor Djekic
Casper,paul H & Joanne E
Grant Deed
related
—
Feb 8, 1989
—
Michael Brennan
Unknown
Grant Deed
related
—
—
—
Ratibor Djekic
—
Deed Of Trust
related
$423,000 · Impac Commercial Capital Corp
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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