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Property profile & analytics
OFF-MARKET
Estimated value
$24,015,000
Specialty properties
944 Main St, Mesa, AZ 85201-7134
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3366326
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1982
Construction
STEEL FRAME
Total area
1,216 SF
Lot
13.47 ac (586,863 SF)
Zoning code
RM-4
APN
135-56-010P
UPID
US07-3366326
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
-
Cada Hotel & Motel
-
Maids of green nature General Contractor
-
NG's AFRICAN KITCHEN Take-out & Catering Catering Service
-
Metro on Main Apartment Complex
-
Ironclad Services General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.52M
Blend (final)
Blend
$24.02M
Owner & transaction history
Epernay Ventures LP · 14 yrs held
Epernay Ventures LP
since 2012
4 recorded transactions
Zoning & alternative use
RM-4 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.02M
Range $21.61M – $26.42M · ±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
$19,749 / 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
$117,086
Tax year 2023
Assessed value
$6,207,820
Assessed 2024
Previous assessed
$4,460,510
+39.2% YoY
Effective rate
1.89%
On assessed value
Land market value
$12,415,600
Improvement market value
$49,662,600
Total market value
$62,078,200
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
16
Stories
1
Units
336
Total area
1,216 SF
Lot
13.47 ac (586,863 SF)
Zoning code
RM-4
APN
135-56-010P
UPID
US07-3366326
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning RM-4 · permitted uses
RM-4 · 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.
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
16
Units
336
Lot
13.47 ac
Current owner
From public records · entity-resolved
Epernay Ventures LP
Entity
Mailing address
6211 CAMINO DE LA COSTA, LA JOLLA, CA 92037-6523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
$10,500,000
Epernay Ventures LP
Federal Hm Ln Mtg Corp
Grant Deed
$7,000,000 · Mutual Of Omaha Bank
May 20, 2011
$11,622,750
Federal Hm Ln Mtg Corp
Spiller,peter N
Trustees Deed
related
—
Dec 8, 2005
$17,200,000
Az Epernay Apartments LLC
Select Suites Epernay LLC
Special Warranty Deed
$11,500,000 · Deutsch Bank Berkshire Mortgage INC
—
—
Az Epernay Apartments LLC
—
Deed Of Trust
related
$2,000,000 · Deutsche Bk Berkshire Mtg
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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