Two-Story Downtown Retail
135 S Mesa Dr Mesa, AZ 85204
For Sale
Contact for pricing
Two-story retail building offered for sale with 3,092 SF and available signage.
Property Size3,092 SF
Price / SF$257.12
Days on Market889
Property Features for 135 S Mesa Dr
General Information
Standard status
Active
Size
3,092 SF
Property subtype
RETAIL
Listing Agency:
COBE Real Estate
(480) 251-1505
Listed By:
Steve Beck · License #714756000
(480) 251-1505
Source:
Moodyscre
Added: Feb 22, 2024
Changed: Jul 27
Last Checked: Jul 29 at 3:42PM
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 COBE Real Estate
Investment Insights
Based on property information with market context.
This two-story retail building totals 3,092 SF and is offered for sale. The property includes 3-phase wiring, and the south exterior wall features smooth stucco. Signage is available, supporting storefront visibility and branding.
Located in the Downtown Mesa District, the building is positioned for street-level retail presentation.
With its compact, two-story configuration and existing electrical infrastructure, the space is suited to a range of retail uses that can take advantage of the building’s storefront presence and signage availability.
Located in the Downtown Mesa District, the building is positioned for street-level retail presentation.
With its compact, two-story configuration and existing electrical infrastructure, the space is suited to a range of retail uses that can take advantage of the building’s storefront presence and signage availability.
Key Highlights
- 2‑story retail building in Downtown Mesa District with 3,092 SF
- 3‑phase wiring
- South exterior wall features smooth stucco
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.7k | $18.00 |
| − Vacancy | −$3.9k | −$1.26 |
| EGI | $51.8k | $16.74 |
| − OpEx | −$15.5k | −$5.02 |
| NOI | $36.2k | $11.72 |
3,092 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$517.6K
$452.9K – $603.9K
NOI $36,232 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$898.3K – $1.20M
NOI $71,867 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Flower Shop — 606 e main st, mesa, az 85203
- La La Libertine — 40 n macdonald #3, mesa, az 85201
- Numina Florist & Same Day Flower Delivery — 12 N Center St #100, Mesa, AZ 85201, United States
- Flower Shop — Mesa, AZ 85203
- Crismon's Flowers — ENTER ON, 144 West Main Street, E Main St, Mesa, AZ 85201
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story retail building offered for sale with 3,092 SF and available signage.
Where is this storefront property located?
The property is located at 135 S Mesa Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2‑story retail building in Downtown Mesa District with 3,092 SF; 3‑phase wiring; South exterior wall features smooth stucco
