44-Suite Retail
1616 E MAIN Street W, Mesa, AZ 85203
For Sale
New
Contact for pricing
The two-level property pairs ground-floor retail with upper-level offices and on-site customer parking.
Property Size31,682 SF
Price / SF$0.02
Days on Market4
Property Features for 1616 E MAIN Street W
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Amenities
high speed fiber optic internet
mailbox
Building Details
Buildings
Stories
Tenancy
Listing Agency:
LRA Real Estate Group, LLC
Listed By:
Bryan Watkins · License AZ BR545459000
(480) 526-5644
Source:
Virginiagee
Added: Nov 10
Last Checked: Nov 12 at 7:00AM
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 LRA Real Estate Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story strip center contains 44 suites. Ground-floor spaces are configured for retail and range from 441 to 1,161 square feet; second-floor offices range from 481 to 659 square feet. Customer and guest parking is available on site.
High-speed fiber internet, mailbox service, and water, sewer, and trash are included in the rent. Retail and office suites are available immediately.
High-speed fiber internet, mailbox service, and water, sewer, and trash are included in the rent. Retail and office suites are available immediately.
Key Highlights
- 44 suites in a two‑story strip center
- Ground‑floor retail suites range from 441 to 1,161 square feet
- Second‑floor office suites range from 481 to 659 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,611,540
$5.6M
Cap Rate 7%
$4,008,243
$4.0M
Cap Rate 9%
$3,117,522
$3.1M
Market Conditions
NOI Build-Up for 31,682 SF
Gross rent
$429.6K $13.56/SF
− Vacancy
−$28.8K −$0.91/SF
EGI
$400.8K $12.65/SF
− OpEx
−$120.2K −$3.80/SF
NOI
$280.6K $8.86/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,611,540
Cap Rate 7%
$4,008,243
Cap Rate 9%
$3,117,522
Alternative Uses
Best Use
Retail
$4.01M
$3.51M – $4.68M
NOI $280,577 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.68M
$7.60M – $10.13M
NOI $607,899 @ 7.0% cap
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
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Groceries 32%
Shops & Services 14%
Hotels & Casinos 2%
Food City Arizona
Groceries
30,161 visits/mo
0.3 miles
McDonald's
Dining
27,629 visits/mo
0.5 miles
Denny's
Dining
10,755 visits/mo
0.5 miles
Filiberto's Mexican Food
Dining
6,640 visits/mo
0.2 miles
AutoZone
Shops & Services
5,260 visits/mo
0.2 miles
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Mesa
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The two-level property pairs ground-floor retail with upper-level offices and on-site customer parking.
Where is this retail space located?
The property is located at 1616 E MAIN Street W Mesa, AZ.
What are key features of this property?
This property features: 44 suites in a two‑story strip center; Ground‑floor retail suites range from 441 to 1,161 square feet; Second‑floor office suites range from 481 to 659 square feet
