Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    9252 Broadway Rd Mesa, AZ 85208-2426

    • Specialty properties
    • 4,362 SF
    • 9.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2021
    $7,750,000
    Value Estimations
    $7,680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2714501
    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

    • Mesa Sunset RV Resort, Family Friendly Park Home Community / Housing Complex / Housing Development
    • Luna On-Demand Physical Therapy / Physical Therapy Clinic

    Property Details for 9252 Broadway Rd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    9.28 lot acres
    Property size
    4,362 SF
    Zone code
    R-5
    Property type
    Specialty properties
    APN
    220-34-035A
    APU
    22034035A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.631
    Latitude
    33.4097
    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
    $22,431
    $0.00
    $0.00
    $259,948
    -
    $1,458,100
    $1,141,375
    $2,599,475

    Comparable in this City

    • Value Estimation by Request
      6,372 SF

      9501 Broadway Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,372 SF
      9501 Broadway Rd, Mesa, AZ 85208-2432
      View Details
    • Value Estimation by Request
      5,727 SF

      8600 Broadway Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,727 SF
      8600 Broadway Rd, Mesa, AZ 85208-2200
      View Details
    • Value Estimation by Request
      2,757 SF

      318 Crismon Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,757 SF
      318 Crismon Rd, Mesa, AZ 85208-1847
      View Details
    • Value Estimation by Request
      1,339 SF

      9316 Balsam Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,339 SF
      9316 Balsam Ave, Mesa, AZ 85208-1712
      View Details
    • Value Estimation by Request
      5,302 SF

      9431 Coralbell Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,302 SF
      9431 Coralbell Ave, Mesa, AZ 85208-5801
      View Details
    • Value Estimation by Request
      3,775 SF

      7925 1st Ave

      CHARITABLE ORGANIZATION • 3,775 SF
      7925 1st Ave, Mesa, AZ 85208-1301
      View Details

    Similar Nearby for Sale

    • $150,000
      0.15 Acres

      Mesa Land Near Freeway Access

      Land in Mesa, near freeway and conveniences, for sale.
      9503 E Emelita Ave, Mesa, AZ 85208
      View Details
    • $239,000
      1,250 SF

      Remodeled Home in Active Community

      Remodeled 2 bed, 2 bath home in 55+ community.
      121 S 75Th Pl, Mesa, AZ 85208
      View Details
    • Contact for pricing
      9.75 Acres

      Mesa Retail Land - 9.75 Acres

      Prime Avondale retail development opportunity.
      107th Ave & Broadway Rd, Mesa, AZ 85208
      View Details
    • $234,900
      1,354 SF

      Remodeled Home in Active Community

      Stylish, upgraded home in a vibrant 55+ active community.
      305 S 72Nd Pl, Mesa, AZ 85208
      View Details
    • $300,000
      0.78 Acres

      Residential Lot with Mountain Views

      Spacious lot in Desert Village 3, ready for development.
      Signal Butte --, Mesa, AZ 85208
      View Details
    • Contact for pricing
      0.61 Acres

      Mesa Retail Pad: Ground Lease/BTS

      High-traffic corner lot, ideal for retail.
      420 Ellsworth Rd Swc Broadway Rd & Ellsworth Rd, Mesa, AZ 85208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,598 SF

      Retail Space with High Visibility

      Retail space with excellent access and visibility on Signal Butte.
      1113 S Signal Butte Rd, Mesa, AZ 85208
      View Details
    • Contact for pricing
      119,193 SF

      Mesa Warehouse with Secured Truck

      Industrial warehouse space featuring secured truck courts and dock loading.
      4228 S Sossaman Rd, Mesa, AZ 85208
      View Details
    • Contact for pricing
      102,024 SF

      Mesa Warehouse with Secured Truck

      Industrial warehouse with dock and grade loading, secured truck court.
      4224 S Sossaman Rd, Mesa, AZ 85208
      View Details
    • Contact for pricing
      65,645 SF

      Mesa Warehouse with Secured Truck

      Industrial warehouse space featuring dock and grade loading.
      4220 S Sossaman Rd, Mesa, AZ 85208
      View Details
    • Contact for pricing
      136,334 SF

      Mesa Warehouse with Secured Truck

      Warehouse space featuring 28’-32’ clear height and secured truck court.
      4232 S Sossaman Rd, Mesa, AZ 85208
      View Details
    • $18 SF/Yr
      20,489 SF

      Mesa Medical Office Suites

      Prime East Mesa location, 1,792-2,354 SF suites.
      7525 Broadway Rd, Mesa, AZ 85208
      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.
    9252 Broadway Rd
    Mesa, AZ 85208-2426
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.