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Property profile & analytics
OFF-MARKET Estimated value $605,000
Grocery and convenience stores

950 8th Ave Mesa, AZ 85210-3404

1,560 SF 2.01 ac lot Built 1970
Individually Owned 18-yr Hold Free & Clear
Property ID
US07-2987984
Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1970
Construction CONCRETE
Total area 1,560 SF
Lot 2.01 ac (87,512 SF)
Zoning code RS-6
APN 134-14-003F
UPID US07-2987984
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
  • Iglesia Cristiana El Buen Pastor Church Mosque
  • Hector Ramirez Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$605k
Owner & transaction history
Distrito Hispano Suroeste Dela · 18 yrs held
Distrito Hispano Suroeste Dela
since 2008
2 recorded transactions
2008
$700,000
1995
Price N/A
Zoning & alternative use
RS-6 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Where the rear lot line of a lot in the RS-7 or RS-6 District directly abuts the right-of-way of an arterial street: i. The minimum lot depth shall be increased by an additional 10 feet; except: ii. Rear lot lines separated from arterial street right-of-way by a dedicated tract of land with a depth of 10 or more feet are excluded from this requirement. 2. Ad…

Zone name Residential Single Dwelling 6
General category CIVIC_INSTITUTIONAL
Zone area 12,043.37 ac
Source code of ordinances
Top alternative use upside
Commercial (general) $1.0M +149.0%
Auto repair, garage $685,000 +71.0%
Neighborhood: shopping center $485,000 +20.8%
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