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

    1360 W Southern Ave Mesa, AZ 85202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern, versatile space with high visibility in a thriving area.

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Cliff Johnston
    Cliff Johnston
    Source: Naiglobal

    Listing Agent: Cliff Johnston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Space in Mesa

    Located on W Southern Ave in Mesa, AZ, this commercial property offers a modern and versatile space for lease. The property is suitable for a range of businesses and features ample parking and excellent visibility. The open floor plan and customizable layout create an inviting environment for retail, office, or medical tenants. Situated in a high-traffic area, the property offers maximum exposure. It is directly across the street from Target and in close proximity to the US-60 Freeway interchange. A monument sign is available, and the location benefits from a lighted intersection.
    Location Intelligence

    Current Use by Public Records

    American Discount Foods Grocery & Convenience Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8614855
    Latitude
    33.3944862

    Nearby Similar for Lease

    • Contact for pricing

      Dobson

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      2266 Dobson Rd, Mesa, AZ 85202
      View Details
    • Sponsored
      Contact for pricing

      Stapley Corporate Center

      Discover many ways to work your way in Corporate Commons
      1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Val Vista

      Workspaces, services and support to help you work better in Lighton Tower
      3707 Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing

      AZ, Mesa- W Brown Rd

      Discover many ways to work your way in Downtown
      560 Brown Rd, Mesa, AZ 85201
      View Details
    • $500 /Mo
      7,777 SF

      Functional Office Space in Mesa

      Efficient commercial office space with convenient amenities and prime location.
      2651 West Guadalupe Rd, Mesa, AZ 85202
      View Details
    • $18 SF/Yr
      6,402 SF

      Mesa Office Space For Rent

      Professional office spaces with frontage on University Drive available for lease.
      555 W University Dr, Mesa, AZ 85201
      View Details
    • $1.35 SF/Yr
      6,485 SF

      Adaptable Space in Mesa, Arizona

      Modern, well-maintained property suitable for retail, office, or light industrial.
      4450 E Mclellan Rd, Mesa, AZ 85205
      View Details
    • $10 SF/Yr
      4,000 SF

      Remodeled Office Space For Lease

      Recently remodeled office building with high visibility and abundant parking.
      2260 E University Dr, Mesa, AZ 85213
      View Details
    • $1,750 /Mo
      19,790 SF

      Freestanding Office with Yard

      Freestanding office with yard available for lease on Broadway Rd.
      506 W Broadway Rd, Mesa, AZ 85210
      View Details
    • $23 SF/Yr
      2,760 SF

      Restaurant Building Available For Lease

      Restaurant building available for lease at Stapley Dr / Matlock & Main St.
      1038 E Main St, Mesa, AZ 85203
      View Details
    • $30 SF/Yr
      3,600 SF

      Medical Office Space For Lease

      Medical office space available for lease with Power Rd frontage.
      2500 S Power Rd, Mesa, AZ 85209
      View Details
    • $1.25 SF/Yr
      13,160 SF

      East Mesa Commercial Space Available

      Highly visible, modern commercial space suitable for various uses.
      9123 E Southern Ave, Mesa, AZ 85209
      View Details

    FAQs

    What type of property is this?
    Retail space - Modern, versatile space with high visibility in a thriving area.
    Where is this retail space located?
    The property is located at 1360 W Southern Ave Mesa, AZ.
    What are key features of this property?
    This property features: - Directly across the street from Target.; - Great visibility and lighted intersection.; - Close proximity to US-60 Freeway interchange.
    (602) 618-6261
    Request Owner's contact information
    1360 W Southern Ave Mesa, AZ 85202
    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.
    1360 W Southern Ave
    Mesa, AZ 85202
    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
    1360 W Southern Ave Mesa, AZ 85202
    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

    We can help!
    Listing Contact
    Cliff Johnston
    Cliff Johnston
    (602) 618-6261 (602) 955-4000 (602) 393-6604
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!