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    Property profile & analytics

    Mesa, AZ 85201

    • Gas stations
    • 288 SF
    OFF-MARKET
    Last Sale
    Jun 28, 2023
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0721131
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gas stations

    Property Details

    Year built
    1971
    Property size
    288 SF
    Property type
    Gas stations
    APN
    136-14-019E
    APU
    13614019E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8449346
    Latitude
    33.4329528
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,288
    $0.00
    $0.00
    $76,868
    -
    $492,900
    $19,551
    $512,451

    Comparable in this City

    • Value Estimation by Request
      144 SF

      1235 Main St

      SERVICE STATION (FULL SERVICE) • 144 SF
      1235 Main St, Mesa, AZ 85201-7018
      View Details
    • Value Estimation
      $1,290,000
      1,708 SF

      367 Mckellips Rd

      SERVICE STATION (FULL SERVICE) • 1,708 SF
      367 Mckellips Rd, Mesa, AZ 85201-1609
      View Details
    • Value Estimation
      $940,000
      2,296 SF

      201 Main St

      SERVICE STATION (FULL SERVICE) • 2,296 SF
      201 Main St, Mesa, AZ 85201-7311
      View Details
    • Value Estimation by Request
      0.20 Acres

      2052 Main St

      VEHICLE SALES, RENTALS • 0.20 Acres
      2052 Main St, Mesa, AZ 85201-6841
      View Details
    • Value Estimation by Request
      0.20 Acres

      50 Santa Anna, Unit 11

      VEHICLE SALES, RENTALS • 0.20 Acres
      50 Santa Anna, Mesa, AZ 85201-6818
      View Details
    • Value Estimation by Request
      675 SF

      50 Santa Anna

      VEHICLE SALES, RENTALS • 675 SF
      50 Santa Anna, Mesa, AZ 85201-6818
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,670 SF

      Mesa Jiffy Lube NNN Lease

      NNN leased Jiffy Lube in Mesa, Arizona for sale.
      1945 S Country Club Dr, Mesa, AZ 85201
      View Details
    • $1,500,000
      5,665 SF

      Mesa Restaurant Property For Sale

      Renovated restaurant building near light rail and motel.
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      Retail Space on Country Club

      Retail property with high visibility and flexible space.
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    • $1,950,000
      10 SF

      Historic Retail/Office Building in Mesa

      Historic, value-add retail/office building in Downtown Mesa with immediate upside.
      136 W Main St, Mesa, AZ 85201
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    • $860,000

      Downtown Mesa Retail/Office Building

      Retail/office building in a walkable district near light rail.
      146 W Main St, Mesa, AZ 85201
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    • $699,000
      3,220 SF

      Freestanding Retail/Office Building on Main

      3,220 SF retail/office building with high visibility on Main Street.
      955 E Main St, Mesa, AZ 85201
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    Similar Nearby for Lease

    • Contact for pricing

      Secured Yard with Renovated Office

      Contractor yard with renovated office, fully fenced and secured.
      2555 N Center St, Mesa, AZ 85201
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    • Contact for pricing
      3,000 SF

      Auto Shop with Office Space

      3,000 SF commercial property: auto shop and office.
      324 N Country Club Dr, Mesa, AZ 85201
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    • Contact for pricing
      6,273 SF

      Mesa Contractor Yard with Office

      Renovated office and secured yard near Loop 202.
      2405 N Center St, Mesa, AZ 85201
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    • Contact for pricing
      219,721 SF

      Main Street Plaza Retail Space

      High-traffic Mesa retail space available.
      0 Cor Of Main St And Alma School Rd, Mesa, AZ 85201
      View Details
    • Contact for pricing
      24,319 SF

      Fry's Marketplace Retail Space Available

      Retail space available in busy Fry's Marketplace shopping center.
      Sec Mckellips Rd & Stapley Dr, Mesa, AZ 85201
      View Details
    • Contact for pricing
      20,200 SF

      Prime Mesa Retail Space

      Downtown Mesa, 20,200 SF, New Construction
      145 Main St, Mesa, AZ 85201
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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