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Property profile & analytics
FOR LEASE
Retail space
606 E Main St Mesa, AZ 85203
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1020673
For Lease
1 / 3
$21 SF/Yr
606 E Main St, Mesa, AZ 85203
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
CONCRETE
Total area
8,928 SF
Lot
1.14 ac (49,522 SF)
Zoning code
LC
APN
138-24-151
UPID
US07-1020673
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
-
La Mexicana Yerberia San Juan Event Planning Wedding Service
-
Haven Burgers Restaurant
-
Rolbertos Taco Shop Restaurant
-
Asadero El Boly Restaurant
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.26M
Owner & transaction history
Pioneer Plaza LLC · 1 yrs held
Pioneer Plaza LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+18.8%
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
RETAIL STORES
$2,340,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,780,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$2,340,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $1.88M (Feb 23 2025)
Last sale anchor
$1.88M
Feb 23 2025
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
$253 / 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
$20,032
Tax year 2023
Assessed value
$333,581
Assessed 2024
Previous assessed
$333,581
+0.0% YoY
Effective rate
6.01%
On assessed value
Land market value
$572,900
Improvement market value
$1,448,804
Total market value
$2,021,704
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,928 SF
Lot
1.14 ac (49,522 SF)
Zoning code
LC
APN
138-24-151
UPID
US07-1020673
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
RETAIL STORES Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Pioneer Plaza LLC
Entity
Free & Clear · 1 yrs held
Mailing address
15980 SW TOWHEE LN, BEAVERTON, OR 97007-9055
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$1,882,000
Pioneer Plaza LLC
Al Water 1 LLC
Special Warranty Deed
—
Nov 1, 2019
—
J F V Ruiz
Castanares Trust
Warranty Deed
related
—
Apr 19, 2018
$1,100,000
Al Water 1 LLC
Dickinson-phoenix 1 LLC
Grant Deed
$660,000 · Firstbank
Nov 27, 2017
—
Castanares Trust
Castanares,albert G & Laura
Quitclaim Deed
related
—
Nov 29, 2011
$845,000
Dickinson-phoenix I LLC
Pacific Coast Bankers Bancsha
Grant Deed
—
Aug 26, 2011
$1,789,224
Pacific Coast Bankers Bancsha
Lawyers Title Of Arizona INC
Trustees Deed
related
—
Apr 28, 2006
—
Pioneer Ptrs LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 21, 2005
$495,000
Pioneer Partners LLC
Reelee LLC
Grant Deed
—
Aug 25, 1994
—
Matthew R Otis
Otis
Quit Claim Deed
related
—
Aug 25, 1994
$41,000
Joseph Reed Family Enterprises L
Otis
Trustees Deed
—
Aug 25, 1994
$82,000
Joseph Reed Family Enterprises L
Otis
Trustees Deed
—
Feb 4, 1994
—
Reta L Otis
Otis
Quit Claim Deed
related
—
—
—
Pioneer Partners LLC
—
Deed Of Trust
related
$1,375,000 · Bankers Ln Processing
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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