Retail Storefront with
For Sale
Contact for pricing
146 W Main St, Mesa, AZ 85201
Single short-term tenant storefront offering 25 feet of frontage, one office, and two restrooms with signage.
Property Size2,890 SF
Price / SF$297.58
Days on Market236
Property Features for 146 W Main St
General Information
Standard status
Active
Size
2,890 SF
Property subtype
RETAIL
Amenities
Signage
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Rex Griswold · License #SA630241000
(480) 244-7222
Source:
Moodyscre
Added: Jan 20
Changed: Aug 14
Last Checked: Sep 12 at 7:47AM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
This retail storefront is offered for sale with signage and a configuration that includes one office and two restrooms. The building is operated as a single short-term tenant setup.
A city parking garage is situated directly behind the building, supporting convenient parking access for visitors and customers. The property also features approximately 25 feet of frontage, providing street-level presence.
For prospects seeking a straightforward retail space with essential back-of-house support, the layout includes dedicated office space and two restrooms to serve day-to-day operations.
A city parking garage is situated directly behind the building, supporting convenient parking access for visitors and customers. The property also features approximately 25 feet of frontage, providing street-level presence.
For prospects seeking a straightforward retail space with essential back-of-house support, the layout includes dedicated office space and two restrooms to serve day-to-day operations.
Key Highlights
- Single short‑term tenant storefront
- 25 feet of frontage
- Includes 1 office and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,208
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,160
$644.2K
Cap Rate 7%
$460,114
$460.1K
Cap Rate 9%
$357,867
$357.9K
Market Conditions
NOI Build-Up for 2,890 SF
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.
Gross rent
$50.3K $17.40/SF
− Vacancy
−$4.3K −$1.48/SF
EGI
$46.0K $15.92/SF
− OpEx
−$13.8K −$4.78/SF
NOI
$32.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,160
Cap Rate 7%
$460,114
Cap Rate 9%
$357,867
Alternative Uses
Best Use
Retail
$460.1K
$402.6K – $536.8K
NOI $32,208 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,192
Businesses Nearby
60k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 28%
Home Improvements & Furnishings 11%
Jimmy John's
Dining
20,688 visits/mo
0.4 miles
Taco Bell
Dining
9,728 visits/mo
0.2 miles
Chase Bank
Shops & Services
8,847 visits/mo
0.3 miles
Bank of America
Shops & Services
7,557 visits/mo
0.1 miles
Dairy Queen
Dining
6,215 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single short-term tenant storefront offering 25 feet of frontage, one office, and two restrooms with signage.
Where is this storefront property located?
The property is located at 146 W Main St Mesa, AZ.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Single short‑term tenant storefront; 25 feet of frontage; Includes 1 office and 2 restrooms
