Storefront Property with C-TC
For Sale
$1,599,999
105 N Country Club Drive, Mesa, AZ 85201
The property occupies a downtown Mesa location along North Country Club Drive.
Property Size4,545 SF
Days on Market11
Property Features for 105 N Country Club Drive
General Information
Standard status
Active
Size
4,545 SF
Total Parking Spaces
53
Property subtype
Retail
Zoning
C-TC
Building Details
Building Size
4,545 SF
Year Built
1956
Stories
1
Listing Agency:
Coldwell Banker Commercial Realty | Phoenix
(602) 316-7978
Listed By:
Cathy Fox Gundersen
(602) 316-7978
Source:
Cbcworldwide
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 11 at 4:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Realty | Phoenix
Investment Insights
Based on property information with market context.
This storefront property is located at 105 N Country Club Drive in Mesa, Arizona. The building dates to 1956 and carries C-TC zoning, providing the core physical and regulatory facts for evaluating the site.
Key Highlights
- C‑TC zoning
- Constructed in 1956
- 105 N Country Club Drive, Mesa, AZ 85201
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,653
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,060
$1.0M
Cap Rate 7%
$723,614
$723.6K
Cap Rate 9%
$562,811
$562.8K
Market Conditions
NOI Build-Up for 4,545 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.1K $17.40/SF
− Vacancy
−$6.7K −$1.48/SF
EGI
$72.4K $15.92/SF
− OpEx
−$21.7K −$4.78/SF
NOI
$50.7K $11.14/SF
Area
ZIP 85201
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,060
Cap Rate 7%
$723,614
Cap Rate 9%
$562,811
Alternative Uses
Best Use
Retail
$723.6K
$633.2K – $844.2K
NOI $50,653 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,464 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,047
Businesses Nearby
55k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 42%
Home Improvements & Furnishings 12%
Taco Bell
Dining
9,728 visits/mo
0.1 miles
SONIC Drive In
Dining
8,898 visits/mo
0.3 miles
Chase Bank
Shops & Services
8,847 visits/mo
0.0 miles
Bank of America
Shops & Services
7,557 visits/mo
0.3 miles
Dairy Queen
Dining
6,215 visits/mo
0.2 miles
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - The property occupies a downtown Mesa location along North Country Club Drive.
Where is this storefront property located?
The property is located at 105 N Country Club Drive Mesa, AZ.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: C‑TC zoning; Constructed in 1956; 105 N Country Club Drive, Mesa, AZ 85201
