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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Outlet malls
9505 Main St Mesa, AZ 85207-8820
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1385629
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1985
Total area
14,540 SF
Lot
0.52 ac (22,704 SF)
Zoning code
C-3
APN
220-35-001
UPID
US07-1385629
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
-
Kerby's Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.84M
Owner & transaction history
East Mesa Real Estate Holdings LLC · 2 yrs held
East Mesa Real Estate Holdings LLC
since 2024
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
C-3 · 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
$1,840,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
$2,515,000
6.5%
$2,320,000
7%
$2,155,000
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $1.84M (Mar 19 2024)
Last sale anchor
$1.84M
Mar 19 2024
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
$127 / 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
$8,963
Tax year 2023
Assessed value
$114,791
Assessed 2024
Previous assessed
$114,791
+0.0% YoY
Effective rate
7.81%
On assessed value
Land market value
$169,100
Improvement market value
$526,600
Total market value
$695,700
Applied tax rate
40,000.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1985
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,540 SF
Lot
0.52 ac (22,704 SF)
Zoning code
C-3
APN
220-35-001
UPID
US07-1385629
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Mesa, AZ
Zoning C-3 · permitted uses
C-3 · 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
1985
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
East Mesa Real Estate Holdings LLC
Entity
Mailing address
6110 E HILLERY DR, SCOTTSDALE, AZ 85254-2531
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
$1,840,000
East Mesa Real Estate Holdings LLC
Marvin J Kerby
Special Warranty Deed
$2,000,000 · Celtic Bank Corporation
Apr 9, 2020
—
Kerby,marvin J Family Trust
Kerby Rex M & Ruth N F/tr
Quit Claim Deed
related
$750,000 · Harvest Small Busn Fin LLC
May 8, 2018
—
Kerby,marvin J Family Trust
Kerby Rex M & Ruth N Family Trust
Quit Claim Deed
related
—
Jan 29, 2018
—
Kerby,marvin J Family Trust
Kerby Rex M & Ruth N Trust
Quit Claim Deed
related
—
—
—
Kerby,rex M & Ruth N Family Trust
—
Deed Of Trust
related
$617,500 · Velocity Com'l Cap
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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