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Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Schools
941 Dobson Rd, Mesa, AZ 85202-2968
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1375777
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1975
Construction
STEEL FRAME
Total area
46,386 SF
Lot
1.24 ac (54,000 SF)
Zoning code
LC
APN
134-27-003M
UPID
US07-1375777
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.05M
Blend (final)
Blend
$8.53M
Owner & transaction history
Yalee Investments LLC · 5 yrs held
Yalee Investments LLC
since 2021
Last sale
$8.6M
6 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$13,005,000
Current use
RETAIL STORES
$12,160,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$12,150,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±10% · vs last sale $8.55M (May 27 2021)
Last sale anchor
$8.55M
May 27 2021
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
$184 / 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
$46,530
Tax year 2023
Assessed value
$747,830
Assessed 2024
Previous assessed
$648,397
+15.3% YoY
Effective rate
6.22%
On assessed value
Land market value
$766,200
Improvement market value
$3,766,100
Total market value
$4,532,300
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Total area
46,386 SF
Lot
1.24 ac (54,000 SF)
Zoning code
LC
APN
134-27-003M
UPID
US07-1375777
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$13.0M
RETAIL STORES
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$12.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
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
3
Lot
1.24 ac
Current owner
From public records · entity-resolved
Yalee Investments LLC
Entity
Mailing address
7900 E GREENWAY RD STE #207, SCOTTSDALE, AZ 85260-1715
Ownership since
2021
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 27, 2021
$8,550,000
Yalee Investments LLC
941 S Dobson Road LLC
Special Warranty Deed
$6,450,000 · Wells Fargo Bank NA
Dec 16, 2011
—
Luebke Trust
Luebke,joann
Quit Claim Deed
—
Aug 31, 1992
$1,150,000
Richard Luebke
Petty
Grant Deed
$1,050,000 · Seller Carry Back
May 19, 1992
—
Petty Trustee Neuman
Brydemgar INC
Grant Deed
related
—
Oct 13, 1989
$1,700,000
Brydemgar INC
Dempsey Gardner
Grant Deed
—
Nov 15, 1988
$1,530,436
Utah Office Medi
—
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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