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Property profile & analytics
OFF-MARKET
Estimated value
$17,740,000
Automotive properties
6354 Test Dr Mesa, AZ 85206-6787
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0998467
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2003
Construction
CONCRETE
Total area
20,426 SF
Lot
5.11 ac (222,685 SF)
Zoning code
I-1
APN
141-54-664
UPID
US07-0998467
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
-
Courtesy Nissan Car Dealership
-
Nissan Parts Auto Parts Store
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Courtesy Nissan of Mesa Car Dealership
-
Courtesy Nissan of Mesa Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.88M
Blend (final)
Blend
$17.74M
Owner & transaction history
Reigi Re Of Mesa LLC · 2 yrs held
Reigi Re Of Mesa LLC
since 2023
Last sale
$17.9M
3 recorded transactions
Zoning & alternative use
I-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.1M
+45.6%
Restaurant
$13.1M
+45.3%
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
$17,520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,105,000
Change: +46% · Conversion: Moderate
RESTAURANT
$13,075,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$17.74M
Range $15.97M – $19.51M · ±10% · vs last sale $17.85M (Oct 31 2023)
Last sale anchor
$17.85M
Oct 31 2023
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
$869 / 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
$113,005
Tax year 2023
Assessed value
$2,058,672
Assessed 2024
Previous assessed
$1,744,234
+18.0% YoY
Effective rate
5.49%
On assessed value
Land market value
$5,567,100
Improvement market value
$6,909,700
Total market value
$12,476,800
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
2
Units
4
Total area
20,426 SF
Lot
5.11 ac (222,685 SF)
Zoning code
I-1
APN
141-54-664
UPID
US07-0998467
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Mesa, AZ
Zoning I-1 · permitted uses
I-1 · 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
COMMERCIAL (GENERAL)
Est. value
$13.1M
RESTAURANT
Est. value
$13.1M
COMMERCIAL (GENERAL)
RESTAURANT
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
5.11 ac
Current owner
From public records · entity-resolved
Reigi Re Of Mesa LLC
Entity
Mailing address
1233 E CAMELBACK RD, PHOENIX, AZ 85014-3310
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
Reigi Re Of Mesa LLC
—
Deed
related
$14,280,000 · Ally Bank
Oct 31, 2023
$17,850,000
Reigi Re Of Mesa LLC
G & R Real Estate LLC
Special Warranty Deed
$14,280,000 · Ally Bank
Mar 31, 2016
$10,000,000
G & R Real Estate LLC
No Bull LLC
Special Warranty Deed
$8,450,000 · Jpmorgan Chase Bank NA
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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