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

    1245 East Southern Avenue Mesa, AZ 85204

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

    Highly visible retail space in Mesa, Arizona, for sale.

    Type:Retail
    Property size:
    79,743 SF
    Added:
    Jan 27, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 6 at 1:22 am

    Property Features for 1245 East Southern Avenue

    General Information

    Standard status
    Active
    Size
    79,743 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1986

    Properties For Sale

    at 1245 East Southern Avenue Contact us

    We can help!

    Listing Contact
    Bryan Ledbetter

    Listing agent Bryan Ledbetter License #AZ SA115322000

    Listing office Western Retail Advisors, LLC

    Listing date Jan 27, 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

    Mesa Retail Space Available

    This retail space is located at the southeast corner of Stapley Drive and Southern Avenue in Mesa, Arizona. The property benefits from a highly visible location and available monument signage on a signalized hard corner. It is situated just off a full diamond interchange with the US-60 Freeway. The location is part of a strong retail intersection with two grocers and a total of 366,000 square feet of retail space. Neighboring tenants at the intersection include Los Altos Ranch Market, dd's Discounts, Walgreens, Panda Express, and Chase Bank, among other national and credit tenants. The property size is 79743 square feet.
    Location Intelligence

    Current Use by Public Records

    Somos Dental & Orthodontics ... Dental Office Freeway Insurance Insurance Agency Lenny's Burger Restaurant Barca barber shop Barber Shop Valley Discount Pharmacy Pharmacy

    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
    -111.804
    Latitude
    33.393

    Nearby Similar for Sale

    • $575,000

      Mesa Duplex with Seller Financing

      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
    • $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
    • $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
    • $55,000

      Mesa 55+ Community Living

      Move-in ready home in active adult community with resort amenities.
      8700 E UNIVERSITY Drive unit: 1139, Mesa, AZ 85207
      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
    • $361,999

      Mesa Multifamily Duplex For Sale

      Multifamily duplex with fenced yards, convenient access to amenities.
      526 S MESA Drive, Mesa, AZ 85210
      View Details
    • $469,999

      Updated Duplex Investment Opportunity

      Fully occupied duplex in Mesa, Arizona with updated interiors.
      453 W UNIVERSITY Drive, Mesa, AZ 85201
      View Details
    • $825,750

      Mesa Condo For Sale

      Well-designed condo in Pierpont Commerce Center, Mesa, Arizona.
      4852 E Baseline Rd Ste C-104, Mesa, AZ 85206
      View Details
    • $1,499,900

      New Mesa Fourplex Investment Opportunity

      New fourplex in Mesa community with amenities, near Loop 202.
      8232 E UNIVERSITY Drive, Mesa, AZ 85207
      View Details
    • $860,000

      Downtown Mesa Retail/Office Building

      Retail/office building in a walkable district near light rail.
      146 W Main St, Mesa, AZ 85201
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible retail space in Mesa, Arizona, for sale.
    Where is this retail space located?
    The property is located at 1245 East Southern Avenue Mesa, AZ.
    What are key features of this property?
    This property features: Highly visible location on a signalized hard corner at SEC Stapley Dr & Southern Ave.; Strong retail intersection with two grocers and 366,000 total square feet.; Just off a full diamond interchange with the US‑60 Freeway.
    (602) 795-8670
    We can help!
    Listing Contact
    Bryan Ledbetter
    Real Estate License ID: AZ SA115322000
    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!