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Property profile & analytics
OFF-MARKET
Estimated value
$10,400,000
Medical Office Space
7529 Broadway Rd 2A Mesa, AZ 85208-2005
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1706227
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
13,267 SF
Lot
2.13 ac (92,790 SF)
Zoning code
C-N
APN
218-55-003Z
UPID
US07-1706227
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
-
Southwest Cardiovascular Associates - Mesa Medical Clinic Hospital
-
Nareg Minaskeian,MD Physician
-
Stuart C. Lipskind, MD Physician
-
Andrew J. Kaplan, M.D. Physician
-
Charles M. Jost, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.40M
Owner & transaction history
Hipp Investment Mesa Asc LLC · 1 yrs held
Hipp Investment Mesa Asc LLC
since 2024
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
C-N · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.5M
+145.0%
Restaurant
$8.5M
+144.4%
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
$10,400,000
ML approach
$10,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,515,000
Change: +145% · Conversion: Easy
RESTAURANT
$8,490,000
Change: +144% · Conversion: Difficult
Blend value · Realmo final
$10.40M
Range $9.36M – $11.44M · ±10% · vs last sale $10.40M (Oct 18 2024)
Last sale anchor
$10.40M
Oct 18 2024
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
$784 / 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
$55,287
Tax year 2023
Assessed value
$769,248
Assessed 2024
Previous assessed
$75,616
+917.3% YoY
Effective rate
7.19%
On assessed value
Land market value
$524,900
Improvement market value
$4,137,211
Total market value
$4,662,111
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
2
Stories
1
Total area
13,267 SF
Lot
2.13 ac (92,790 SF)
Zoning code
C-N
APN
218-55-003Z
UPID
US07-1706227
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Mesa, AZ
Zoning C-N · permitted uses
C-N · 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
COMMERCIAL (GENERAL)
Est. value
$8.5M
RESTAURANT
Est. value
$8.5M
COMMERCIAL (GENERAL)
RESTAURANT
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
2020
Heating
NONE
Stories
1
Buildings
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
Hipp Investment Mesa Asc LLC
Entity
Mailing address
140 S POWER RD STE #102, MESA, AZ 85206-5297
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$10,400,000
Hipp Investment Mesa Asc LLC
Bella Beats LLC
Special Warranty Deed
$2,700,000 · Intrust Bank NA
Jan 24, 2024
—
Bella Beats LLC
—
Deed
related
$15,000,000 · Elite Cj Family Limited Partnership
Jan 25, 2022
—
Bella Beats LLC
—
Deed
related
$4,700,000 · Zb NA
Sep 30, 2019
—
Bella Beats LLC
—
Deed
related
$4,800,000 · Bbva USA
Feb 20, 2019
$449,000
Bella Beats LLC
7545 Professional Plaza Ll
Grant Deed
—
Oct 26, 2012
—
City Of Mesa
7545 Professional Plaza LLC
Grant Deed
related
—
Jun 27, 1997
—
Louis G Greco Trust
Louis G Greco
Quit Claim Deed
related
—
Dec 13, 1996
—
Louis G Greco
Teresa S Greco
Quit Claim Deed
related
—
May 16, 1994
—
Louis G Greco
Greco Trust
Quit Claim Deed
related
—
—
—
Bella Beats LLC
—
Deed Of Trust
related
$4,800,000 · Bbva USA
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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