Neighborhood Commercial
New
For Sale
$900,000
134 N DOBSON Road, Mesa, AZ 85201
NC zoning supports small-scale retail, office, and commercial uses alongside nearby residential areas.
Property Size4,030 SF
Price / SF$223.33
Days on Market2
Property Features for 134 N DOBSON Road
General Information
Standard status
Active
Size
4,030 SF
Property subtype
Comm/industry Sale
Zoning
NC
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Listing Agency:
HomeSmart
(602) 230-7600
Listed By:
Bettina Franco · License #BR025293000
(602) 526-1929
Source:
Bridgettemichel
Added: Oct 30
Last Checked: Oct 30 at 11:59AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 4,030-square-foot storefront property was built in 1973 and is zoned NC, or Neighborhood Commercial. The designation is intended for lower-intensity retail, office, and other small-scale commercial activity compatible with nearby residential areas. Confirm specific use permissions with the City of Mesa Planning and Zoning Department.
At 134 N Dobson Road in Mesa, the property is north of Main Street. Loop 101 and Loop 202 are identified as accessible by vehicle, and the Sycamore/Main Street light rail station is within walking distance. The location also offers connections to Downtown Mesa, Arizona State University, and Phoenix Sky Harbor International Airport.
At 134 N Dobson Road in Mesa, the property is north of Main Street. Loop 101 and Loop 202 are identified as accessible by vehicle, and the Sycamore/Main Street light rail station is within walking distance. The location also offers connections to Downtown Mesa, Arizona State University, and Phoenix Sky Harbor International Airport.
Key Highlights
- 4,030‑square‑foot storefront property
- Built in 1973
- NC Neighborhood Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,913
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,260
$898.3K
Cap Rate 7%
$641,614
$641.6K
Cap Rate 9%
$499,033
$499.0K
Market Conditions
NOI Build-Up for 4,030 SF
Gross rent
$70.1K $17.40/SF
− Vacancy
−$6.0K −$1.48/SF
EGI
$64.2K $15.92/SF
− OpEx
−$19.2K −$4.78/SF
NOI
$44.9K $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 Rate 5%
$898,260
Cap Rate 7%
$641,614
Cap Rate 9%
$499,033
Alternative Uses
Best Use
Retail
$641.6K
$561.4K – $748.6K
NOI $44,913 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$914.0K – $1.22M
NOI $73,120 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
222k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Dining 22%
Shops & Services 18%
Electronics 1%
H Mart
Groceries
94,284 visits/mo
0.3 miles
Safeway
Groceries
36,904 visits/mo
0.1 miles
Circle K
Shops & Services
19,885 visits/mo
0.3 miles
Filiberto's Mexican Food
Dining
14,859 visits/mo
0.4 miles
Discount Tire Store
Shops & Services
11,943 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Studio 3 Same Day Flower Delivery CO. — 107 N Dobson Rd, Mesa, AZ 85201
Frequently Asked Questions
What type of property is this?
Storefront property - NC zoning supports small-scale retail, office, and commercial uses alongside nearby residential areas.
Where is this storefront property located?
The property is located at 134 N DOBSON Road Mesa, AZ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,030‑square‑foot storefront property; Built in 1973; NC Neighborhood Commercial zoning
