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Property profile & analytics
OFF-MARKET
Parking lots & garages
5845 Hermosa Vis Dr Mesa, AZ 85215-2015
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3299742
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1994
Construction
STEEL FRAME
Total area
448 SF
Lot
0.12 ac (5,144 SF)
Zoning code
RS-7
APN
141-43-317
UPID
US07-3299742
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Timothy L Crary · 6 yrs held
Timothy L Crary
since 2019
6 recorded transactions
Zoning & alternative use
RS-7 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,152
Tax year 2022
Assessed value
$31,952
Assessed 2024
Previous assessed
$21,550
+48.3% YoY
Effective rate
6.74%
On assessed value
Land market value
$261,700
Improvement market value
$57,816
Total market value
$319,516
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
448 SF
Lot
0.12 ac (5,144 SF)
Zoning code
RS-7
APN
141-43-317
UPID
US07-3299742
Jurisdiction
MARICOPA
Zoning & alternative use
RS-7 · Mesa, AZ
Zoning RS-7 · permitted uses
RS-7 · 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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Timothy L Crary
Individual
Mailing address
857 SHADYRIDGE CT, GRAND FORKS, ND 58201-8334
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
$243,500
Timothy L Crary
Timothy G Thorstad
Warranty Deed
—
Apr 29, 2013
$200,000
Timothy G Thorstad
Ziegler,kenneth C & Mona A
Warranty Deed
—
Apr 21, 2004
$153,000
Kenneth C Ziegler
Isakson,tr
Grant Deed
—
Feb 20, 1997
—
Isakson Trust
Earl B & Lois M Isakson
Quit Claim Deed
related
—
May 19, 1995
—
Peter T Isakson
Isakson
Quit Claim Deed
related
—
Apr 9, 1991
$56,000
Earl B Isakson
Blake
Grant Deed
—
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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