Add Listing
    For Lease
    • 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

    113-119 W Main St Mesa, AZ 85201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease opportunity in Downtown Mesa's commercial and arts district.

    Type:Retail
    Property size:
    12,824 SF
    Added:
    Apr 1, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 1 at 11:38 am

    Property Features for 113-119 W Main St

    General Information

    Standard status
    Active
    Size
    12,824 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1924

    Spaces For Lease

    at 113-119 W Main St Contact us

    We can help!

    Listing Contact
    Charles Skaggs
    Charles Skaggs

    Listing agent Charles Skaggs

    Listing office Western Retail Advisors, LLC

    Listing date Apr 1, 2026

    Source W-retail

    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 Western Retail Advisors, LLC

    Overview

    Downtown Mesa Sublease Opportunity

    This commercial space is available for sublease, offering a total of approximately 12,824 square feet. The suites can be leased individually or together. Situated in the core commercial and arts district of Downtown Mesa, the property features existing improvements suitable for a banquet hall or event venue. A signage opportunity is available on W. Main St., which sees approximately 12,650 vehicles per day. Originally constructed in 1924, the building retains its Main Street architectural character. The location provides walkable proximity to surrounding shops, restaurants, and community spaces, as well as direct access to the Valley Metro Light Rail and Downtown Mesa civic amenities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8347414
    Latitude
    33.4147129

    Nearby Similar for Lease

    • $15/mo

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing

      Stapley Corporate Center

      1910 Stapley Dr, Unit 221, Mesa, AZ 85204
      View Details
    • Contact for pricing

      AZ, Mesa- W Brown Rd

      560 Brown Rd, Unit 3A1, Mesa, AZ 85201
      View Details
    • $20/mo

      Mesa Medical Office Space Available

      Class B medical office condo in Mesa, built in 2002.
      5432 E Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing

      Val Vista

      3707 Southern Ave, Unit Floors 1 & 2, Mesa, AZ 85206
      View Details
    • Sponsored
      Contact for pricing

      Dobson

      2266 Dobson Rd, Unit 200, Mesa, AZ 85202
      View Details
    • Contact for pricing

      Mesa Medical Office Building

      Class A medical office in Red Mountain Professional Park.
      Red Mountain Professional Park 6848 E Brown Rd, Mesa, AZ 85207
      View Details
    • $1.40/mo

      Mesa Industrial Space For Lease

      Industrial space featuring offices, conference room, and freeway signage.
      544 W Iron Ave, Mesa, AZ 85210
      View Details
    • $19/mo

      Mesa Medical Office Space Available

      Single-story Class B office condo in Mesa, Arizona for lease.
      5440 E Southern Ave, Mesa, AZ 85206
      View Details
    • $17/mo

      Mesa Office Space Available

      Prime commercial property in Mesa, AZ, ideal for professional services.
      1050 East University Drive, Mesa, AZ 85203
      View Details
    • $22/mo

      Shell Office Space For Lease

      Shell office space available for lease at Crismon & Southern.
      1010 S Crismon Rd, Mesa, AZ 85208
      View Details
    • $10/mo

      Remodeled Office Space For Lease

      Recently remodeled office building with high visibility and abundant parking.
      2260 E University Dr, Mesa, AZ 85213
      View Details

    FAQs

    What type of property is this?
    Retail space - Sublease opportunity in Downtown Mesa's commercial and arts district.
    Where is this retail space located?
    The property is located at 113-119 W Main St Mesa, AZ.
    What are key features of this property?
    This property features: Direct access to Valley Metro Light Rail; Located in Downtown Mesa's core commercial and arts district; Suites available individually or together (totaling ±12,824 SF)
    (602) 368-1737
    We can help!
    Listing Contact
    Charles Skaggs
    Charles Skaggs
    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!