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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Auto shops
747 Southern Ave Mesa, AZ 85204-4926
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-3470189
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1945
Construction
CONCRETE
Total area
944 SF
Lot
1.4 ac (60,995 SF)
Zoning code
I-1
APN
139-13-002C
UPID
US07-3470189
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
-
Executive Signing Services Inc. Law Firm
-
Kelly Automotive Auto Repair Shop
-
Arizona Parking Solutions Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$640k
Owner & transaction history
Kjm Properties LLC · 18 yrs held
Kjm Properties LLC
since 2007
6 recorded transactions
Zoning & alternative use
I-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$605,000
+45.6%
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
$415,000
Current use
COMMERCIAL (GENERAL)
$605,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$678 / 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
$11,132
Tax year 2023
Assessed value
$238,000
Assessed 2024
Previous assessed
$194,990
+22.1% YoY
Effective rate
4.68%
On assessed value
Land market value
$681,900
Improvement market value
$760,524
Total market value
$1,442,424
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1945
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
3
Total area
944 SF
Lot
1.4 ac (60,995 SF)
Zoning code
I-1
APN
139-13-002C
UPID
US07-3470189
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Mesa, AZ
Zoning I-1 · permitted uses
I-1 · 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 Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$605,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (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
1945
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.4 ac
Current owner
From public records · entity-resolved
Kjm Properties LLC
Entity
Mailing address
747 E SOUTHERN AVE, MESA, AZ 85204-4926
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Sep 11, 2007
$481,150
Kjm Properties LLC
Lcj Properties INC
Warranty Deed
$446,150 · Linda C Janitell
Sep 11, 2007
—
Linda C Janitell
Lcj Properties INC
Warranty Deed
related
—
Jun 11, 1998
—
Mesa City (az)
L C G Properties LLC
Grant Deed
related
—
Aug 12, 1994
$160,500
L C J Properties
Alliance Autos L
Grant Deed
—
Feb 25, 1994
$180,500
Alliance Autos Ltd
Salt River Proje
Grant Deed
—
—
—
L C J Properties INC
—
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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