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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Strip malls
706 Southern Ave Ste 109 Mesa, AZ 85210-5000
Entity Owned
~
Est. High Equity
Property ID
US07-1234767
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
22,764 SF
Lot
1.96 ac (85,508 SF)
Zoning code
LC
APN
134-17-025
UPID
US07-1234767
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
$3.33M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$4.01M
Owner & transaction history
Sta Property LLC
Sta Property LLC
since 2025
Last sale
$4.7M
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,325,000
7%
$3,085,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,960,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$5,865,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $4.65M (Jul 30 2025)
Last sale anchor
$4.65M
Jul 30 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
$176 / 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
$25,055
Tax year 2023
Assessed value
$421,833
Assessed 2024
Previous assessed
$402,186
+4.9% YoY
Effective rate
5.94%
On assessed value
Land market value
$1,250,100
Improvement market value
$1,306,466
Total market value
$2,556,566
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
22,764 SF
Lot
1.96 ac (85,508 SF)
Zoning code
LC
APN
134-17-025
UPID
US07-1234767
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
MEDICAL BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.9M
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Sta Property LLC
Entity
Mailing address
PO BOX 4477, HUNTINGTON BEACH, CA 92605-4477
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$4,650,000
Sta Property LLC
Southern Fiesta LLC
Special Warranty Deed
$3,255,000 · Security Service FCU
Aug 30, 2021
$1,500,000
Southern Fiesta LLC
Dechey Enterprises LLC
Special Warranty Deed
$1,050,000 · Firstbank
Nov 12, 1997
$333,276
Dechey Enterprises L L C
Thomas Meissner
Trustees Deed
$1,350,000 · Standard Insurance Co
Nov 12, 1997
—
Dechey Enterprises L L C
Mary A Niccoli
Trustees Deed
related
—
Apr 11, 1997
$299,533
Dechey Enterprises L L C
Robert L & Barbara Beckis
Trustees Deed
—
Apr 11, 1997
$166,407
Dechey Enterprises L L C
Irwin G Pasternack
Trustees Deed
—
Apr 11, 1997
$66,563
Dechey Enterprises L L C
Lyle F & Dorothy Zeigler
Trustees Deed
—
—
—
Thomas C Niccoli
—
Deed Of Trust
related
—
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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