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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Flex space
8640 Main St, Mesa, AZ 85207-8607
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1509552
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Construction
STEEL FRAME
Total area
1,537 SF
Lot
0.77 ac (33,367 SF)
Zoning code
C-3
APN
218-38-005A
UPID
US07-1509552
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
-
Wolf Watersports (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$570k
Owner & transaction history
8640 E Main LLC · 8 yrs held
8640 E Main LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-3 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$675,000
+168.4%
Neighborhood: shopping center
$480,000
+89.7%
Retail stores
$405,000
+59.6%
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
AUTO REPAIR, GARAGE
$675,000
Change: +168% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$405,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$405,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$371 / 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
$8,533
Tax year 2023
Assessed value
$99,050
Assessed 2024
Previous assessed
$86,479
+14.5% YoY
Effective rate
8.61%
On assessed value
Land market value
$258,600
Improvement market value
$341,704
Total market value
$600,304
Applied tax rate
40,012.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
1,537 SF
Lot
0.77 ac (33,367 SF)
Zoning code
C-3
APN
218-38-005A
UPID
US07-1509552
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Mesa, AZ
Zoning C-3 · permitted uses
C-3 · 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
AUTO REPAIR, GARAGE
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
RETAIL STORES
Est. value
$405,000
MEDICAL BUILDING
Est. value
$405,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1975
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
0.77 ac
Current owner
From public records · entity-resolved
8640 E Main LLC
Entity
Mailing address
9180 S KYRENE RD STE #112, TEMPE, AZ 85284-2948
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
—
Sunflower Bank NA
—
Deed
related
$446,000 · Business Development Finance Corp
Oct 22, 2020
—
8640 E Main LLC
—
Deed
related
$441,251 · Sunflower Bank NA
Apr 29, 2019
—
8640 E Main LLC
—
Deed
related
$356,500 · Arizona Busn Bk
Mar 11, 2019
—
8640 E Main LLC
—
Deed
related
$446,000 · Arizona Business Bank
Dec 27, 2017
$880,000
8640 E Main LLC
The United States Of American
Special Warranty Deed
—
Feb 13, 2015
—
Washington One Thirty Six LLC
Apache R/e Acquisition LLC
Grant Deed
related
$475,000 · Dafni LLC
Aug 3, 2011
$210,000
Apache Real Estate Acquisition LLC
Apache Glass INC
Special Warranty Deed
$195,965 · Apache Glass INC
—
—
8640 E Main LLC
—
Deed Of Trust
related
$369,000 · Business Dev Fin
—
—
8640 E Main LLC
—
Deed Of Trust
related
$356,500 · Arizona Busn 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.
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