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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
8405 Baseline Rd Ste 106, Mesa, AZ 85209-4376
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1546135
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
3,630 SF
Lot
0.04 ac (1,851 SF)
Zoning code
OC
APN
304-03-940
UPID
US07-1546135
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
$603k
Blend (final)
Blend
$605k
Owner & transaction history
Haar Properties LLC · 8 yrs held
Haar Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
OC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$950,000
+0.1%
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
MEDICAL BUILDING
$950,000
Current use
RETAIL STORES
$950,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$167 / 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
$3,893
Tax year 2023
Assessed value
$74,943
Assessed 2024
Previous assessed
$60,231
+24.4% YoY
Effective rate
5.19%
On assessed value
Land market value
$90,800
Improvement market value
$363,400
Total market value
$454,200
Applied tax rate
411,006.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,630 SF
Lot
0.04 ac (1,851 SF)
Zoning code
OC
APN
304-03-940
UPID
US07-1546135
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$950,000
RETAIL STORES
Est. value
$950,000
MEDICAL BUILDING Current
RETAIL STORES
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
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Haar Properties LLC
Entity
Mailing address
8405 E BASELINE RD STE #106, MESA, AZ 85209-4376
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2018
$1,125,000
Haar Properties LLC
Intrinsic Investments Us LP
Special Warranty Deed
$900,000 · First Bank & Trust
Jul 6, 2015
$2,940,000
Investments Us Limited Partnership
Evb Office LLC
Special Warranty Deed
—
Jul 3, 2014
$729,735
Evb Office LLC
Baseline & Hawes LLC
Special Warranty Deed
$1,092,000 · Meridian Bank NA
Jan 12, 2011
—
Baseline & Hawes LLC
Uci Investments II LLC
Grant Deed
related
—
Jan 14, 2010
—
Uci Investments II LLC
—
Trustees Deed
related
—
Sep 28, 2009
—
Uci Investments II LLC
—
Trustees Deed
related
—
—
—
Uci Investments II LLC
—
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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