Multi-Tenant Strip Center For
1616 S Stapley Dr Mesa, AZ 85204
1616 S Stapley Dr, Mesa, AZ, 85204
$2,650,000
For Sale
$2,650,000
6,797 SF strip center on 1.19 AC parcel.
Property Size6,797 SF
Lot Size1.19 Acres
Price / SF$389.88
Days on Market109
Property Features for 1616 S Stapley Dr
General Information
- Standard status
- Active
- Size
- 6,797 SF
- Lot size
- 1.19 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agency
Western Retail Advisors, LLC
(602) 931-4492
Listed by
Kalen Rickard · License #SA69994000
Source
W-retail
Added: Apr 4 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 6:03AM
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
Investment Insights
Based on property information with market context.
This multi-tenant strip center features approximately 6,797 square feet of space and is situated on an approximately 1.19-acre parcel. The property is currently 100% leased and features a strong mix of national and growing tenants. It benefits from a prime regional location within a high-density retail corridor and robust local demographics. The property is strategically placed in Mesa, Arizona. The average household income within a 1-mile radius is projected to be $107,077 in 2025.
Key Highlights
- 100% Leased: Provides immediate income stream.
- Prime Regional Location: High‑traffic area ensures visibility and accessibility.
- Strong National and Growing Tenancy: Indicates stability and potential for increased value.
Local 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 | $122.3k | $18.00 |
| − Vacancy | −$8.6k | −$1.26 |
| EGI | $113.8k | $16.74 |
| − OpEx | −$34.1k | −$5.02 |
| NOI | $79.6k | $11.72 |
6,797 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.14M
$995.6K – $1.33M
NOI $79,647 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,981 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wingstop
Restaurant
Firehouse Subs Stapley ...
Take-out & Catering
Benjamin's Barber Shop
Barber Shop
Glockmeister
Gun Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - 6,797 SF strip center on 1.19 AC parcel.
Where is this strip mall located?
The property is located at 1616 S Stapley Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 100% Leased: Provides immediate income stream.; Prime Regional Location: High‑traffic area ensures visibility and accessibility.; Strong National and Growing Tenancy: Indicates stability and potential for increased value.
