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Property profile & analytics
FOR LEASE
Strip malls
6740 E University Dr Mesa, AZ 85205
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1505899
For Lease
1 / 2
$19 SF/Yr
6740 E University Dr, Mesa, AZ 85205
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
10,870 SF
Lot
1.1 ac (48,034 SF)
Zoning code
LC
APN
141-62-012N
UPID
US07-1505899
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
-
Mark Rosen: Allstate Insurance Insurance Agency
-
Heartfelt Hearing Hearing Aid Store Hearing Aid Repair Service
-
Waves Smoke & Vapes (Bike/Boat/Book/etc) Store
-
Power Beauty House Hair Salon
-
Derek Galliher Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Standard Insurance Company · 3 yrs held
Standard Insurance Company
since 2022
Last sale
$1.3M
6 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
$1,210,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,585,000
7%
$1,475,000
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.32M (Feb 1 2022)
Last sale anchor
$1.32M
Feb 1 2022
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
$125 / 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
$19,626
Tax year 2023
Assessed value
$317,871
Assessed 2024
Previous assessed
$271,677
+17.0% YoY
Effective rate
6.17%
On assessed value
Land market value
$302,700
Improvement market value
$1,623,788
Total market value
$1,926,488
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
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,870 SF
Lot
1.1 ac (48,034 SF)
Zoning code
LC
APN
141-62-012N
UPID
US07-1505899
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.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
2291 ARDEMORE DR, FULLERTON, CA 92833-4820
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 14, 2022
—
Standard Insurance Company
Power Square LLC
Assignment Of Lease (leasehold Sale)
$1,125,000 · Standard Insurance Co
Feb 1, 2022
$1,320,000
Power Square LLC
Plaza Del Sol Arizona LP
Special Warranty Deed
$950,000 · Kenwood Mortgage Investments INC
Mar 13, 2019
—
Plaza Del Sol Az LP
—
Deed
related
$397,500 · Stearns Bank NA
Sep 18, 2017
$890,000
Plaza Del Sol Az LP
Tapanema Az LLC
Grant Deed
$390,000 · Tapanema Az LLC
Oct 19, 2010
$1,000,000
Tapanema Az LLC
Darling Dean & Kelly Trust
Grant Deed
$600,000 · Zions First National Bank
Apr 6, 2007
$2,650,000
Darling Dean & Kelly Trust
Dotty,joseph B & Susan
Grant Deed
$1,650,000 · Zions First National Bank
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.
Try Rey
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