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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Flex space
7107 Southern Ave, Mesa, AZ 85209-2650
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0046123
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2001
Construction
CONCRETE
Total area
20,030 SF
Lot
6.94 ac (302,418 SF)
Zoning code
PEP
APN
218-56-427B
UPID
US07-0046123
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
-
Blue Kangaroo Packoutz General Contractor
-
EMC Insulation General Contractor Renovation Specialist
-
bubble bucket cleaning Hardware & Home Improvement
-
STORYTELLER FILMS INC. Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.43M
Blend (final)
Blend
$7.43M
Owner & transaction history
K2h Superstition LLC · 6 yrs held
K2h Superstition LLC
since 2019
7 recorded transactions
Zoning & alternative use
PEP · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.8M
+168.4%
Neighborhood: shopping center
$6.2M
+89.7%
Retail stores
$5.3M
+59.6%
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
AUTO REPAIR, GARAGE
$8,825,000
Change: +168% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,240,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$5,250,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$5,245,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±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
$371 / 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
$112,677
Tax year 2023
Assessed value
$2,203,064
Assessed 2024
Previous assessed
$1,738,403
+26.7% YoY
Effective rate
5.11%
On assessed value
Land market value
$3,770,900
Improvement market value
$9,581,000
Total market value
$13,351,900
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
20,030 SF
Lot
6.94 ac (302,418 SF)
Zoning code
PEP
APN
218-56-427B
UPID
US07-0046123
Jurisdiction
MARICOPA
Zoning & alternative use
PEP · Mesa, AZ
Zoning PEP · permitted uses
PEP · 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
AUTO REPAIR, GARAGE
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
6.94 ac
Current owner
From public records · entity-resolved
K2h Superstition LLC
Entity
Mailing address
1917 W 4TH AVE STE 348TH XX
Ownership since
2019
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
Aug 8, 2024
—
K2h Superstition LLC
—
Deed
related
$13,825,000 · Alliant Cu
Oct 24, 2019
$8,875,000
K2h Superstition LLC
Holualoa Superstition LLC
Special Warranty Deed
$6,000,000 · Industrial Alliance Insurance And F
May 30, 2014
$5,800,000
Holualoa Superstition LLC L
Kp Superstition Springs Ll
Trustees Deed
$3,770,000 · National Bk/az
Sep 1, 2006
$11,300,000
Koll Of Per Superstition Springs
Icp 2200 LLC
Grant Deed
—
Oct 22, 2004
$8,250,000
Icp 2200 LLC
Buttrum,roger & Erlene
Grant Deed
$6,750,000 · Fremont Investment & Loan
May 24, 2000
$1,831,980
Roger Buttrum
Superstition Springs Inv LP
Grant Deed
$1,000,000 · National Bank Arizona
—
—
Koll Of Per Superstition Springs
—
Deed Of Trust
related
$9,300,000 · Allstate Life Insurance Co
—
—
Cwa Acquisitions LLC
—
Deed Of Trust
related
$2,600,000 · Sun Life Assurance Co Canada
—
—
Koll Of Per Superstition Springs
—
Deed Of Trust
related
$3,950,000 · Allstate Life Insurance Co
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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