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Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Flex space
7535 Ray Rd, Mesa, AZ 85212-9290
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-2437730
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2019
Construction
CONCRETE
Total area
64,808 SF
Lot
9.77 ac (425,791 SF)
Zoning code
LI
APN
304-30-040
UPID
US07-2437730
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
-
Vranza Cabinets Hardware & Home Improvement Furniture & Home Goods
-
AAA AC supplies inc (Phoenix) Hardware & Home Improvement Home Appliance Store
-
Soul E Bikes Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
POWER3 Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$4.49M
Owner & transaction history
Lpc Ray Industrial Park I LLC · 3 yrs held
Lpc Ray Industrial Park I LLC
since 2023
Last sale
$25,400
4 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
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±10% · vs last sale $25k (Mar 28 2023)
Last sale anchor
$25k
Mar 28 2023
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
$69 / 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
$193,689
Tax year 2023
Assessed value
$4,026,446
Assessed 2024
Previous assessed
$3,192,209
+26.1% YoY
Effective rate
4.81%
On assessed value
Land market value
$2,084,100
Improvement market value
$22,318,600
Total market value
$24,402,700
Applied tax rate
601,006.0000
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
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
64,808 SF
Lot
9.77 ac (425,791 SF)
Zoning code
LI
APN
304-30-040
UPID
US07-2437730
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.
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
9.77 ac
Current owner
From public records · entity-resolved
Lpc Ray Industrial Park I LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1475 POWELL ST STE #201, EMERYVILLE, CA 94608-2182
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
—
Lpc Ray Industrial Park I LLC
—
Deed
related
$16,500,000 · Minnesota Life Insurance Company
Dec 28, 2023
—
Lpc Ray Industrial Park I LLC
—
Deed
related
$16,510,000 · Banc Of California NA
Mar 28, 2023
$25,400,000
Lpc Ray Industrial Park I LLC
Gateway Technology Commerce Center
Special Warranty Deed
—
Jan 15, 2021
$21,400,000
Gateway Technology Commerce Center
Gtcc Ventures LLC
Special Warranty Deed
$12,840,000 · Commercewest Bank
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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