Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9116 Elliot Rd Mesa, AZ 85212

    • Hospitals
    • 94,701 SF
    • 7.89 lot acres
    OFF-MARKET
    Last Sale
    Jul 23, 2024
    $5,820,803
    Value Estimations
    $5,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2537203
    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

    • Hospitals

    Property Details for 9116 Elliot Rd

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    7.89 lot acres
    Property size
    94,701 SF
    Zone code
    LC
    Property type
    Hospitals
    APN
    304-03-846F
    APU
    30403846F

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,820,000
      ML approach
      $5,820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.637
    Latitude
    33.351
    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
    $0.00
    $0.00
    $0.00
    $6,950,822
    -
    $1,776,600
    $40,349,594
    $42,126,194

    Comparable in this City

    • Value Estimation
      $1,245,000
      5,486 SF

      20348 Warner Rd

      HOMES (RETIRED, NURSING) • 5,486 SF
      20348 Warner Rd, Mesa, AZ 85212-9655
      View Details
    • Value Estimation
      $610,000
      4,310 SF

      3035 Ellsworth Rd Ste, Unit 137

      MEDICAL BUILDING • 4,310 SF
      3035 Ellsworth Rd Ste, Mesa, AZ 85212-2162
      View Details
    • Value Estimation by Request
      2,161 SF

      9331 Onza Ave

      HOMES (RETIRED, NURSING) • 2,161 SF
      9331 Onza Ave, Mesa, AZ 85212-1426
      View Details
    • Value Estimation by Request
      2,167 SF

      9031 Plata Ave

      HOMES (RETIRED, NURSING) • 2,167 SF
      9031 Plata Ave, Mesa, AZ 85212-2821
      View Details
    • Value Estimation by Request
      2,827 SF

      8149 Posada Ave, Unit 4

      HOMES (RETIRED, NURSING) • 2,827 SF
      8149 Posada Ave, Mesa, AZ 85212-1667
      View Details
    • Value Estimation
      $675,000
      4,227 SF

      2919 Ellsworth Rd Ste, Unit 118

      MEDICAL BUILDING • 4,227 SF
      2919 Ellsworth Rd Ste, Mesa, AZ 85212-2166
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mesa Commercial Land - Gateway Auto Center

      Prime 12.97-acre commercial lot in Mesa, AZ
      0 Nec Signal Butte & Pecos Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      2.19 Acres

      Mesa Commercial Land - 2.19 Acres

      Prime Mesa location, near major highways & Gateway Airport.
      5449 Power Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      46,940 SF

      Mesa Warehouse Space Available

      47,096 SF warehouse space for sale in Mesa, Arizona.
      7157 E Seaver Ave, Mesa, AZ 85212
      View Details
    • Contact for pricing
      330,496 SF

      Mesa Warehouse with Extensive Frontage

      70,148 SF warehouse with frontage on Power Road.
      202 Power Rd & Loop, Mesa, AZ 85212
      View Details
    • Contact for pricing
      7,300 SF

      Retail and Drive-Thru Opportunities

      Retail and drive-thru spaces available in mixed-use development.
      8144 E Elliot Rd, Mesa, AZ 85212
      View Details
    • $2,195,000
      219,860 SF

      Land Off E Guadalupe Rd

      Land available off E Guadalupe Rd in Mesa, Arizona.
      6912 E Guadalupe Rd, Mesa, AZ 85212
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      154,282 SF

      Hawes Commerce Park: Manufacturing Space

      Modern Manufacturing Facility; 14 Units Available
      7303 Hawes Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      931,181 SF

      Prime Mesa Retail Opportunity

      High-traffic retail spaces available now
      0 Ellsworth Rd & Warner Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      45,398 SF

      Mesa Warehouse with High Power

      45,398 SF warehouse with 2,000 AMP power in Mesa.
      6459 S Sossaman Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      285,000 SF

      Mesa Gateway Industrial Development

      Master-planned business park at Loop 202 and State Route 24.
      Swc State Rte 24 & Ellsworth Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      88,999 SF

      Mesa Warehouse with Dock Positions

      Divisible warehouse space featuring dock positions and grade-level doors.
      Nwc Signal Butte & Elliot Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      1,494,832 SF

      Mesa Warehouse and Distribution Space

      Available warehouse and distribution space in Mesa, Arizona.
      Nwc Sossaman Rd & Warner Rd, Mesa, AZ 85212
      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.
    9116 Elliot Rd
    Mesa, AZ 85212
    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.