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Property profile & analytics
FOR SALE
Office Spaces
840 E Mckellips Rd, Mesa, AZ 85203
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3425242
For Sale
1 / 2
$2,285,000
840 E Mckellips Rd, Mesa, AZ 85203
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
1.33 ac (57,871 SF)
Zoning code
OC
APN
136-08-105
UPID
US07-3425242
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
-
Dr. Amie Kafer Physician
-
Mark Curtis, DDS, MPH Dental Office
-
John G. Boyes, ANP Physician
-
Dana M. Russell, PA Physician
-
HealthyU Family Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nectar Mesa Mckellips LLC · 4 yrs held
Nectar Mesa Mckellips LLC
since 2021
5 recorded transactions
Zoning & alternative use
OC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$83
Assessed 2024
Previous assessed
$85
-2.4% YoY
Land market value
$500
Total market value
$500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Sale
Heating
NONE
Lot
1.33 ac (57,871 SF)
Zoning code
OC
APN
136-08-105
UPID
US07-3425242
Jurisdiction
MARICOPA
Zoning & alternative use
OC · Mesa, AZ
Zoning OC · permitted uses
OC · 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
Heating
NONE
Lot
1.33 ac
Current owner
From public records · entity-resolved
Nectar Mesa Mckellips LLC
Entity
Mailing address
2520 E UNIVERSITY DR STE #104, TEMPE, AZ 85288-3143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
—
Ih Hedgie Group LLC
—
Deed
related
$500,000 · Midfirst Bank
Sep 21, 2021
$900,000
Nectar Mesa Mckellips LLC
Damfro LLC
Special Warranty Deed
$900,000 · Republicbankaz NA
Jun 18, 2021
$753,480
Emo Investments LLC
Amberwood Medical Holdings LLC
Special Warranty Deed
$602,784 · Western Alliance Bank
Sep 18, 2019
$985,000
Ih Hedgie Group LLC
Banyon Properties LLC
Special Warranty Deed
$640,000 · Mountain America FCU
Jan 6, 2017
—
Campos Family Living Trust
—
Deed
related
$100,000 · First Fidelity Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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