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Property profile & analytics
OFF-MARKET
Estimated value
$5,900,000
Strip malls
5604 Main St Mesa, AZ 85205-8813
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3405256
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Construction
CONCRETE
Total area
22,795 SF
Lot
4.44 ac (193,299 SF)
Zoning code
LC
APN
141-49-009K
UPID
US07-3405256
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
-
Ink Closings & Notary Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.90M
Owner & transaction history
Silver Mesa Properties LLC · 2 yrs held
Silver Mesa Properties LLC
since 2024
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
LC · 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
$5,900,000
ML approach
$5,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,100,000
Current use
RETAIL STORES
$5,975,000
Change: -16% · Conversion: Easy
MEDICAL BUILDING
$5,970,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.90M
Range $5.31M – $6.49M · ±10% · vs last sale $5.90M (Jul 11 2024)
Last sale anchor
$5.90M
Jul 11 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
$259 / 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
$31,025
Tax year 2023
Assessed value
$1,032,394
Assessed 2024
Previous assessed
$906,678
+13.9% YoY
Effective rate
3.01%
On assessed value
Land market value
$969,500
Improvement market value
$5,287,432
Total market value
$6,256,932
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
5
Total area
22,795 SF
Lot
4.44 ac (193,299 SF)
Zoning code
LC
APN
141-49-009K
UPID
US07-3405256
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.1M
RETAIL STORES
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL 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
1961
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
5
Lot
4.44 ac
Current owner
From public records · entity-resolved
Silver Mesa Properties LLC
Entity
Mailing address
270 N EL CAMINO REAL EF480, ENCINITAS, CA 92024-2874
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
$5,900,000
Silver Mesa Properties LLC
Westland Partners LLC
Special Warranty Deed
—
Oct 9, 2019
—
Westland Partners LLC
—
Deed
related
$2,000,000 · Bank Of The West
Mar 8, 2017
$1,125,000
Westland Partners LLC
Western Alliance Bank
Special Warranty Deed
$800,000 · Western Alliance Bank
Mar 20, 2013
$2,050,000
Centennial Bk
Statewide Foreclosure Svc
Trustees Deed
related
—
Nov 22, 2005
$4,817,000
Mmi LLC
Saia Family
Grant Deed
$2,693,333 · Saia Family Ptshp
Jan 30, 1998
$2,100,000
Saia Family Partnership
Red Mountain Plaza LLC
Grant Deed
related
$1,365,000 · Lutheran Brotherhood
Sep 30, 1993
$1,025,000
Mountain Plaza Red
Ba Mortgage & In
Grant Deed
related
$500,000 · Seller Carry Back
May 27, 1993
$913,500
Ba,mortgage & International Real
Cave Creek Inv C
Trustees Deed
related
—
—
—
Robert A Boyd
—
Deed Of Trust
related
—
—
—
Westland Partners LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of The West
—
—
Mmi LLC
—
Deed Of Trust
related
$3,010,000 · Affinity Bank
—
—
Mountain Plaza L L C Red
—
Deed Of Trust
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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