Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9503 E EMELITA Avenue unit 409 Mesa, AZ 85208

    View on Map
    New
    For Sale
    $145,000

    LAND - Mesa, AZ

    Lot size:
    0.15 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 8 at 7:06 pm

    Property Features for 9503 E EMELITA Avenue unit 409

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-6
    Fencing
    Chain Link
    Standard status
    Active
    APN
    220-80-242
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 409 SUPERSTITION COUNTRY 4 MCR 013429
    Tax Annual Amount
    450

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Tye Lucas

    Listing agent Tye Lucas

    Listing office eXp Realty 3100 W Ray Rd Suite 201, Peoria, AZ

    Listing date Apr 8, 2026

    MLS# 7010741

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Freeway Access

    This is a 0.1516-acre piece of land located in Mesa, Arizona. The property is zoned R-6 and is situated near freeway access and other conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.625582
    Latitude
    33.397466

    Nearby Similar for Sale

    • $899,880

      Mesa Land Parcel Opportunity

      Large multi-use land parcel in Mesa, Arizona.
      1106 N CENTER Street, Mesa, AZ 85201
      View Details
    • $899,890
      994 SF

      Mesa Land Parcel Opportunity

      Large multi-use parcel with potential for various commercial ventures.
      1106 N CENTER Street, Mesa, AZ 85201
      View Details
    • $475,000

      Mesa Land with Sunset Views

      Premium lot with approved permits and completed home plans.
      3404 N 82nd Place, Mesa, AZ 85207
      View Details
    • $999,000

      Mesa Land Development Opportunity

      Land with mixed-use development potential in Mesa, Arizona.
      1258 N RECKER Road unit: 6, Mesa, AZ 85205
      View Details
    • $555,000

      Mesa Duplex: Investment Opportunity

      Well-maintained duplex in Mesa with income potential.
      1129 N WEDGEWOOD Circle, Mesa, AZ 85203
      View Details
    • $845,000

      Mesa Multifamily Investment Opportunity

      Well-maintained 4-unit property with income growth potential in Mesa, AZ.
      860 E BROWN Road unit: 29, Mesa, AZ 85203
      View Details
    • $410,000

      Mesa Duplex: Smart Investment Opportunity

      Mesa duplex with separate entrances, yards, and parking.
      449 N DREW Street E, Mesa, AZ 85201
      View Details
    • $379,000

      Residential Land in Skyview Community

      Homesite in Northeast Mesa's Skyview community, ready for custom build.
      N 91st Place unit: B, Mesa, AZ 85207
      View Details
    • $450,000

      Mesa Multifamily Property on Corner Lot

      Multifamily property in Mesa's 85203 corridor on a cul-de-sac.
      1107 N July Circle, Mesa, AZ 85203
      View Details
    • $175,000

      Mesa Land Zoned Multi-Family

      Oversized lot suitable for single-family or duplex construction.
      331 S 84TH Way unit: 76, Mesa, AZ 85208
      View Details
    • $699,000

      Mesa Fourplex in Prime Location

      Well-maintained fourplex in Mesa, fully occupied, immediate rental income.
      2020 N HUNT Circle, Mesa, AZ 85203
      View Details
    • $575,000

      Remodeled Duplex in North Mesa

      Fully remodeled duplex in North Mesa with high rental income.
      1063 N July Circle, Mesa, AZ 85203
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Mesa, near freeway and conveniences.
    Where is this land located?
    The property is located at 9503 E EMELITA Avenue unit 409 Mesa, AZ.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Land ownership opportunity in Mesa.; Convenient freeway access.; Chain link fencing in place.
    (480) 993-8730
    We can help!
    Listing Contact
    Tye Lucas
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!