Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    856 S Alma School Rd Mesa, AZ 85201

    • Retail space
    • 11,801 SF
    • 0.98 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0823870
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pratt’s Pets - Mesa / (Bike/Boat/Book/etc) Store / Pet Store

    Property Details for 856 S Alma School Rd

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.98 lot acres
    Property size
    11,801 SF
    Zone code
    C-G
    Property type
    Retail space
    APN
    134-28-001C
    APU
    13428001C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,787,000
      Market price range: $1.43M - $4.56M
      AI Estimate
      $2,787,000
      Market price range: $1.43M - $4.56M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,040,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,675,000
      Change: +21% Conversion: Moderate
      OFFICE BUILDING
      $3,545,000
      Change: +17% Conversion: Easy
      MEDICAL BUILDING
      $3,090,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,485,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.858
    Latitude
    33.3989
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,197
    $0.00
    $0.00
    $311,924
    -
    $700,300
    $1,190,148
    $1,890,448

    Comparable in this City

    • Value Estimation by Request
      600 SF

      522 Mesa Dr

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      522 Mesa Dr, Mesa, AZ 85210-2504
      View Details
    • Value Estimation by Request
      1,248 SF

      30 Macdonald

      RETAIL STORES (PERSONAL SERVICES) • 1,248 SF
      30 Macdonald, Mesa, AZ 85210-1322
      View Details
    • Value Estimation
      $885,000
      2,920 SF

      1036 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 2,920 SF
      1036 Ctr St, Mesa, AZ 85210-3602
      View Details
    • Value Estimation
      $3,480,000
      15,600 SF

      420 Country Clb Dr

      RETAIL STORES (PERSONAL SERVICES) • 15,600 SF
      420 Country Clb Dr, Mesa, AZ 85210-2322
      View Details
    • Value Estimation
      $1,205,000
      4,200 SF

      310 Southern Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      310 Southern Ave, Mesa, AZ 85210-5213
      View Details
    • Value Estimation
      $1,255,000
      7,445 SF

      202 Southern Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,445 SF
      202 Southern Ave, Mesa, AZ 85210-5358
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,023 SF

      Mesa Retail NNN Investment Opportunity

      Long-term NNN lease with corporate guaranty in Mesa, Arizona.
      1411 S Country Club Dr, Mesa, AZ 85210
      View Details
    • Contact for pricing
      4,902 SF

      Mesa Retail Property For Sale

      Retail property with rental income potential in Mesa, Arizona.
      1704 N Country Club Dr, Mesa, AZ 85210
      View Details
    • Contact for pricing
      3,092 SF

      Downtown Mesa Two-Story Building

      3,092 SF two-story building in Downtown Mesa District.
      135 S Mesa Dr, Mesa, AZ 85210
      View Details
    • $4,650,000

      Mesa Warehouse and Showroom Facility

      24,555 SF buildings on 1.87 acres near Downtown Mesa.
      33 W Broadway Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing
      1,412 SF

      Retail Property in Mesa, Arizona

      Retail property with 1,412 square feet of space.
      38 S Macdonald, Mesa, AZ 85210
      View Details
    • Contact for pricing
      28,383 SF

      Mesa Shopping Center For Sale

      91% occupied shopping center near Fiesta Mall redevelopment.
      2111 S Alma School Rd, Mesa, AZ 85210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,628 SF

      Mesa Car Wash and Retail

      Car wash and retail property in Mesa, Arizona.
      2828 S Country Club Dr, Mesa, AZ 85210
      View Details
    • $20 SF/Yr

      Retail Space in Mesa Center

      Well-maintained 22,224 SF shopping center near US-60.
      1130 W Grove Ave, Mesa, AZ 85210
      View Details
    • Contact for pricing
      3,500 SF

      Retail Pad with Drive-Thru

      Retail pad site available for ground lease, build-to-suit, or sale.
      333 E Southern Ave, Mesa, AZ 85210
      View Details
    • Contact for pricing
      115,766 SF

      Mesa Retail Pad Space Available

      High-traffic retail pad, 2,500-3,000 SF
      1040 Country Club Dr, Mesa, AZ 85210
      View Details
    • Contact for pricing
      13,844 SF

      Retail Space on Country Club

      Retail space with monument signage and excellent visibility.
      1233 S Country Club Dr, Mesa, AZ 85210
      View Details
    • Contact for pricing
      3,045 SF

      Retail Anchor Space Available

      Retail space in a well-located shopping center.
      2025-2057 S Alma School Rd, Mesa, AZ 85210
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    856 S Alma School Rd
    Mesa, AZ 85201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!