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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
940 Birchwood Ave Mesa, AZ 85210-8405
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-0367409
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
994 SF
Lot
0.44 ac (19,238 SF)
Zoning code
GI
APN
134-05-040
UPID
US07-0367409
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
-
Fix me up motors Auto Repair Shop
-
Copperstate Stone Kitchen & Bath Showroom Hardware & Home Improvement
-
First Action Auto Car Dealership
-
W.D. Smith Car Company Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$515k
Owner & transaction history
Mts Group LLC · 9 yrs held
Mts Group LLC
since 2017
6 recorded transactions
Zoning & alternative use
GI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$640,000
+113.5%
Auto repair, garage
$440,000
+46.6%
Neighborhood: shopping center
$310,000
+3.6%
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
COMMERCIAL (GENERAL)
$640,000
Change: +114% · Conversion: Easy
AUTO REPAIR, GARAGE
$440,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$310,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$518 / 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
$2,218
Tax year 2023
Assessed value
$73,686
Assessed 2024
Previous assessed
$65,229
+13.0% YoY
Effective rate
3.01%
On assessed value
Land market value
$284,400
Improvement market value
$162,181
Total market value
$446,581
Applied tax rate
41,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
994 SF
Lot
0.44 ac (19,238 SF)
Zoning code
GI
APN
134-05-040
UPID
US07-0367409
Jurisdiction
MARICOPA
Zoning & alternative use
GI · Mesa, AZ
Zoning GI · permitted uses
GI · 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
COMMERCIAL (GENERAL)
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$310,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mts Group LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3737 E ESCONDIDO CIR, MESA, AZ 85206-2553
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2017
$330,000
Mts Group LLC
Crawford,robert D & Patty S
Grant Deed
—
Jun 15, 1999
—
Robert D Crawford
Zimmerman Trust
Grant Deed
related
—
Sep 3, 1992
—
Legrand Downing
Beane
Grant Deed
related
—
Aug 26, 1992
$700,000
Joan Goodman Zimmerman Trust
North Atlantic L
Grant Deed
$450,000 · North Atlantic L
May 19, 1992
$765,000
North Atlantic Life Insurance Co
Klapow
Grant Deed
—
Jun 27, 1988
—
Klapow Gary G Tr
—
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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