Shopping
2111 S Alma School Rd Mesa, AZ 85210
For Sale
Contact for pricing
This shopping center is 91% occupied and includes 28,383 SF of retail space in Mesa, Arizona.
Property Size28,383 SF
Price / SF$207.87
Days on Market258
Property Features for 2111 S Alma School Rd
General Information
Standard status
Active
Size
28,383 SF
Property subtype
RETAIL
Listing Agency:
Coldwell Banker Commercial Realty | Phoenix
(480) 559-9775
Listed By:
Chris Norton
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Jul 30
Last Checked: Jul 30 at 5:50AM
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 Coldwell Banker Commercial Realty | Phoenix
Investment Insights
Based on property information with market context.
Fiesta Palms II is a shopping center with retail space that is 91% occupied. The property contains 28,383 SF and is described as having long-term tenants.
Recent capital upgrades are noted, and the center is positioned in Mesa, Arizona near the Fiesta Mall redevelopment. The property is also described as benefiting from strong traffic counts and an affluent, expanding consumer base.
With its in-place occupancy and tenant profile, the asset offers an operating baseline and multiple avenues for improvement tied to the surrounding retail environment and recent improvements.
Recent capital upgrades are noted, and the center is positioned in Mesa, Arizona near the Fiesta Mall redevelopment. The property is also described as benefiting from strong traffic counts and an affluent, expanding consumer base.
With its in-place occupancy and tenant profile, the asset offers an operating baseline and multiple avenues for improvement tied to the surrounding retail environment and recent improvements.
Key Highlights
- 28,383 SF shopping center
- 91% occupied
- Long‑term tenants
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 | $384.9k | $13.56 |
| − Vacancy | −$25.8k | −$0.91 |
| EGI | $359.1k | $12.65 |
| − OpEx | −$107.7k | −$3.80 |
| NOI | $251.4k | $8.86 |
28,383 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.59M
$3.14M – $4.19M
NOI $251,361 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.78M
$6.81M – $9.08M
NOI $544,599 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Merit Park Village — 2711 S Alma School Rd, Mesa, AZ 85210
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- Trailside Center — 1136 W Baseline Rd, Mesa, AZ 85210, United States
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fry's Food Stores, 554 W Baseline Rd, Mesa, AZ 85210
Frequently Asked Questions
What type of property is this?
Shopping center - This shopping center is 91% occupied and includes 28,383 SF of retail space in Mesa, Arizona.
Where is this shopping center located?
The property is located at 2111 S Alma School Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 28,383 SF shopping center; 91% occupied; Long‑term tenants
