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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Flex space
7318 89th Pl Ste 103, Mesa, AZ 85212-5506
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2082116
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
18,722 SF
Lot
0.05 ac (2,240 SF)
Zoning code
LI
APN
304-62-813
UPID
US07-2082116
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
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$520k
Owner & transaction history
B2ck3ts N Dimes LLC · 1 yrs held
B2ck3ts N Dimes LLC
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
LI · 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
INDUSTRIAL (GENERAL)
$740,000
Current use
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $650k (Mar 26 2025)
Last sale anchor
$650k
Mar 26 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
$28 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,957
Tax year 2022
Assessed value
$61,298
Assessed 2024
Previous assessed
$50,354
+21.7% YoY
Effective rate
6.46%
On assessed value
Land market value
$74,300
Improvement market value
$297,200
Total market value
$371,500
Applied tax rate
951,007.0000
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
18,722 SF
Lot
0.05 ac (2,240 SF)
Zoning code
LI
APN
304-62-813
UPID
US07-2082116
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Mesa, AZ
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$740,000
INDUSTRIAL (GENERAL) Current
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
B2ck3ts N Dimes LLC
Entity
Mailing address
8 SAILORS WAY, RED BANK, NJ 07701-6353
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
$650,000
B2ck3ts N Dimes LLC
Pitchfork Enterprises LLC
Special Warranty Deed
$400,000 · Pitchfork Enterpises LLC
Feb 14, 2025
$371,000
Pitchfork Enterprises LLC
S8 Rental Services LLC
Special Warranty Deed
—
Dec 5, 2017
—
Cgx Life Sciences INC
—
Deed
related
$10,000,000 · Stavola Elizabeth 2016 Tr (pt)
Oct 27, 2016
—
S8 Rental Services LLC
—
Deed
related
$1,138,250 · Reprop Invs
Jan 25, 2016
$255,900
S8 Rental Services
Areus Loan Fund I LLC
Grant Deed
—
Apr 28, 2010
—
Arcus Loan Fund I LLC
Gateway Arpt Busn Center I LLC
Deed In Lieu Of Foreclosure
related
—
Oct 26, 2007
—
Gateway Airport Business Cente
Owner Name Unavailable
Grant Deed
related
—
—
—
S8 Rental Services LLC
—
Deed Of Trust
related
$1,138,250 · Reprop Invs
—
—
Cgx Life Sciences INC
—
Deed Of Trust
related
$10,000,000 · Stavola Elizabeth 2016 Tr (pt)
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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