Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    255 E Southern Ave Mesa, AZ 85210

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr

    Retail property for lease with high traffic volume.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    37
    Last Refresh:
    Apr 6 at 1:00 am

    Property Features for 255 E Southern Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 255 E Southern Ave Contact us

    We can help!

    Listing Contact
    Michael Feldman
    Michael Feldman

    Listing agent Michael Feldman

    Listing office LevRose Commercial Real Estate

    Listing date Mar 6, 2026

    Source Tcnworldwide

    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 LevRose Commercial Real Estate

    Overview

    Retail Space in Mesa, Arizona

    This retail property is located on Southern Avenue in Mesa, Arizona. The property is zoned C-2. Over 33,000 vehicles per day travel via Southern Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store MF Magnaflow Auto Repair Shop America mufflers Auto Repair Shop American Mufflers Auto Repair Shop Safelite AutoGlass General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Sherwood Plaza — 835 E Southern Ave #15, Mesa, AZ 85204
    • Valley View Resources Inc — 1423 S Country Club Dr, Mesa, AZ 85210
    • Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 1210 S Country Club Dr, Mesa, AZ 85210
    • Pasadena Plaza — 255 E Southern Ave, Mesa, AZ 85210

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.826
    Latitude
    33.3929

    Nearby Similar for Lease

    • $15/mo

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing

      Stapley Corporate Center

      1910 Stapley Dr, Unit 221, Mesa, AZ 85204
      View Details
    • Contact for pricing

      AZ, Mesa- W Brown Rd

      560 Brown Rd, Unit 3A1, Mesa, AZ 85201
      View Details
    • $20/mo

      Mesa Medical Office Space Available

      Class B medical office condo in Mesa, built in 2002.
      5432 E Southern Ave, Mesa, AZ 85206
      View Details
    • Sponsored
      Contact for pricing

      Val Vista

      3707 Southern Ave, Unit Floors 1 & 2, Mesa, AZ 85206
      View Details
    • Contact for pricing

      Dobson

      2266 Dobson Rd, Unit 200, Mesa, AZ 85202
      View Details
    • $1.40/mo

      Mesa Industrial Space For Lease

      Industrial space featuring offices, conference room, and freeway signage.
      544 W Iron Ave, Mesa, AZ 85210
      View Details
    • $19/mo

      Mesa Medical Office Space Available

      Single-story Class B office condo in Mesa, Arizona for lease.
      5440 E Southern Ave, Mesa, AZ 85206
      View Details
    • $17/mo

      Mesa Office Space Available

      Prime commercial property in Mesa, AZ, ideal for professional services.
      1050 East University Drive, Mesa, AZ 85203
      View Details
    • $22/mo

      Shell Office Space For Lease

      Shell office space available for lease at Crismon & Southern.
      1010 S Crismon Rd, Mesa, AZ 85208
      View Details
    • $10/mo

      Remodeled Office Space For Lease

      Recently remodeled office building with high visibility and abundant parking.
      2260 E University Dr, Mesa, AZ 85213
      View Details
    • $29/mo

      Mesa Office Space For Rent

      Office space in Mesa, near shops and restaurants.
      1640 S Stapley Dr, Mesa, AZ
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property for lease with high traffic volume.
    Where is this shopping center located?
    The property is located at 255 E Southern Ave Mesa, AZ.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: High traffic location with over 33,000 vehicles per day on Southern Avenue.; Serves the daily needs of the surrounding community.; C‑2 Zoned Property.
    (602) 628-1747
    We can help!
    Listing Contact
    Michael Feldman
    Michael Feldman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!