Divisible Retail
For Sale
Contact for pricing
236 N Country Club Dr, Mesa, AZ 85201
Single-story retail building offers two ground-level roll-up door suites with newer HVAC, skylights, and 10 parking spaces.
Property Size3,774 SF
Price / SF$237.12
Days on Market259
Property Features for 236 N Country Club Dr
General Information
Standard status
Active
Size
3,774 SF
Total Parking Spaces
10
Property subtype
RETAIL
Zoning
DB-1
Lease Type
Modified Gross
Additional Details
Utilities to Site
Yes
Drive-In Doors
2
Building Details
Construction
Concrete Block w/ Stucco Construction
Listing Agency:
COBE Real Estate
(480) 628-6363
Listed By:
TJ Zaharis · License #BR577140000
(480) 628-6363
Source:
Moodyscre
Added: Nov 26, 2025
Changed: Aug 8
Last Checked: Aug 12 at 11:19AM
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 COBE Real Estate
Investment Insights
Based on property information with market context.
This single-story concrete block retail building with stucco exterior is offered for sale with 3,774 SF that can be divided into two suites. The space includes two ground-level roll-up doors, three restrooms, skylights (4), and two newer HVAC units. Gas is available.
The property benefits from strong country club visibility with approximately 70’ of frontage. Tenant pays insurance and utilities under the $14/SF MG structure.
On-site parking includes 10 spaces, supporting practical customer access for retail operations that benefit from roll-up door use. The property is zoned DB-1.
The property benefits from strong country club visibility with approximately 70’ of frontage. Tenant pays insurance and utilities under the $14/SF MG structure.
On-site parking includes 10 spaces, supporting practical customer access for retail operations that benefit from roll-up door use. The property is zoned DB-1.
Key Highlights
- 3,774 SF single‑story retail building divisible into two suites
- Two ground‑level roll‑up doors plus skylights (4)
- 2 newer HVAC units, gas available, and 3 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
$42,060
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
4.70%
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%
$841,200
$841.2K
Cap Rate 7%
$600,857
$600.9K
Cap Rate 9%
$467,333
$467.3K
Market Conditions
NOI Build-Up for 3,774 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
$65.7K $17.40/SF
− Vacancy
−$5.6K −$1.48/SF
EGI
$60.1K $15.92/SF
− OpEx
−$18.0K −$4.78/SF
NOI
$42.1K $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%
$841,200
Cap Rate 7%
$600,857
Cap Rate 9%
$467,333
Alternative Uses
Best Use
Retail
$600.9K
$525.8K – $701.0K
NOI $42,060 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.2K
$855.9K – $1.14M
NOI $68,475 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Wendy's
Dining
15,149 visits/mo
0.4 miles
Circle K
Shops & Services
11,120 visits/mo
0.2 miles
Devon Self Storage
Shops & Services
3,003 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Single-story retail building offers two ground-level roll-up door suites with newer HVAC, skylights, and 10 parking spaces.
Where is this retail space located?
The property is located at 236 N Country Club Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $894,900.
What are key features of this property?
This property features: 3,774 SF single‑story retail building divisible into two suites; Two ground‑level roll‑up doors plus skylights (4); 2 newer HVAC units, gas available, and 3 restrooms
