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    Prime Retail Space in Mesa Title is generated by Realmo AI

    1902 1906 1928 1936 1940 E Main St and 60 N Gilbert Rd, Mesa, AZ 85203

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    Claim this Listing
    For Sale
    $8,500,000

    56,095 SF retail space in central Mesa location.

    Type:Retail
    Property size:
    56,095 SF
    Price / SF:
    $151/SF
    Added:
    Mar 6, 2026
    Days on Market:
    123
    Last Refresh:
    Jul 1 at 10:18 pm

    Property Features for 1902 1906 1928 1936 1940 E Main St and 60 N Gilbert Rd

    General Information

    Standard status
    Active
    Size
    56,095 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1975

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    Tyson Breinholt
    Tyson Breinholt

    Listing office Commercial Properties Inc Tempe

    Listing date Mar 6, 2026

    Source Cpiaz

    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 Tempe

    HighLights

    • Prime retail space totaling 56,095 square feet.
    • NWC of Main St and Gilbert Rd location.
    • Main St and Gilbert Rd frontage.
    • Adjacent to Valley Metro Light Rail.
    • Centralized Mesa location.
    • One main building with two suites and three PADs.

    Overview

    Mesa Village features 56,095 square feet of retail space. The property includes one main building with two suites and three PADs. It is located at the northwest corner of Main Street and Gilbert Road, offering frontage on both streets. The location is centralized within Mesa and is adjacent to the Valley Metro Light Rail.

    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 $760.6k $13.56
    − Vacancy −$51.0k −$0.91
    EGI $709.7k $12.65
    − OpEx −$212.9k −$3.80
    NOI $496.8k $8.86
    56,095 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $7.10M
    $6.21M – $8.28M (±1% cap)
    NOI $496,779 @ 7.0% cap · market cap 5.84%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $15.38M
    $13.45M – $17.94M (±1% cap)
    NOI $1,076,324 @ 7.0% cap · market cap 12.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Hotel & Motel Auto Parts Store Spa & Massage Center Auto Repair Shop Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7881986
    Latitude
    33.4500004

    FAQs

    What type of property is this?
    Retail space - 56,095 SF retail space in central Mesa location.
    Where is this retail space located?
    The property is located at 1902 1906 1928 1936 1940 E Main St and 60 N Gilbert Rd Mesa, AZ.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: Prime retail space totaling 56,095 square feet.; NWC of Main St and Gilbert Rd location.; Main St and Gilbert Rd frontage.
    More about this property
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