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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Medical Office Space
641 Southern Ave Mesa, AZ 85210-5004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0728633
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
10,424 SF
Lot
0.48 ac (21,083 SF)
Zoning code
OC
APN
134-22-004U
UPID
US07-0728633
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
-
Sunrise Preschools Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.77M
Owner & transaction history
Fluid G245 LLC · 2 yrs held
Fluid G245 LLC
since 2023
7 recorded transactions
Zoning & alternative use
OC · 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
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
MEDICAL BUILDING
$2,730,000
Current use
RETAIL STORES
$2,685,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,195,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±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
$169 / 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
$16,323
Tax year 2023
Assessed value
$219,150
Assessed 2024
Previous assessed
$184,400
+18.8% YoY
Effective rate
7.45%
On assessed value
Land market value
$346,100
Improvement market value
$1,845,400
Total market value
$2,191,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
1
Total area
10,424 SF
Lot
0.48 ac (21,083 SF)
Zoning code
OC
APN
134-22-004U
UPID
US07-0728633
Jurisdiction
MARICOPA
Zoning & alternative use
OC · Mesa, AZ
Zoning OC · permitted uses
OC · 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
MEDICAL BUILDING Current
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
MEDICAL BUILDING Current
RETAIL STORES
INDUSTRIAL (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
1999
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Fluid G245 LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Fluid G245 LLC
Grro 245 LLC
Special Warranty Deed
—
Oct 12, 2015
$975,000
Grro 245 LLC
Joseph S Pongratz LLC
Grant Deed
—
Nov 14, 2003
$1,500,000
Joseph S Pongratz LLC
Arizona State Compensation Fun
Grant Deed
$1,200,000 · Bank Of America
Sep 16, 1999
—
State Compensation Fund
State Compensation Fund
Quit Claim Deed
related
—
Sep 1, 1998
—
Mesa City (az)
Arizona State Compensation Fun
Grant Deed
related
—
Sep 3, 1997
$255,000
Arizona State Compensation Fund
Russell Law Offices
Grant Deed
related
—
Sep 16, 1996
$240,000
O Riggs P L C Law Offices Russel
American Life Ins Co
Grant Deed
$215,000 · American Savings Life Ins
Dec 2, 1991
$66,000
American Savings
Bolt
Grant Deed
related
—
—
—
Grro 245 LLC
—
Deed Of Trust
related
$1,702,500 · First Citizens Bk
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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