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Property profile & analytics
FOR LEASE
Office buildings
2046 W Riverview Auto Dr Mesa, AZ 85201
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2072147
For Lease
1 / 49
Contact for pricing
2046 W Riverview Auto Dr, Mesa, AZ 85201
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
242,571 SF
Lot
8.13 ac (354,331 SF)
APN
135-38-010A
UPID
US07-2072147
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
$72.57M
Blend (final)
Blend
$72.57M
Owner & transaction history
UNION MESA 1 LLC
UNION MESA 1 LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$106.9M
+98.7%
Neighborhood: shopping center
$75.5M
+40.5%
Medical building
$63.5M
+18.1%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$53,790,000
Current use
AUTO REPAIR, GARAGE
$106,890,000
Change: +99% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$75,545,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$63,530,000
Change: +18% · Conversion: Easy
RETAIL STORES
$49,445,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$72.57M
Range $65.31M – $79.82M · ±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
$299 / 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
$621,235
Tax year 2023
Assessed value
$8,927,523
Assessed 2024
Previous assessed
$8,971,784
-0.5% YoY
Effective rate
6.96%
On assessed value
Land market value
$4,773,800
Improvement market value
$49,332,400
Total market value
$54,106,200
Applied tax rate
31,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2021
Buildings
2
Stories
4
Total area
242,571 SF
Lot
8.13 ac (354,331 SF)
APN
135-38-010A
UPID
US07-2072147
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$53.8M
AUTO REPAIR, GARAGE
Est. value
$106.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$75.5M
MEDICAL BUILDING
Est. value
$63.5M
RETAIL STORES
Est. value
$49.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
2021
Stories
4
Buildings
2
Lot
8.13 ac
Current owner
From public records · entity-resolved
UNION MESA 1 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3800 N CENTRAL AVE STE #460, PHOENIX, AZ 85012-1995
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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