Established Smoke Shop
2815 South Alma School Road, Mesa, AZ 85210
For Sale
Contact for pricing
Established retail business at a Mesa commercial address on South Alma School Road.
Property Size1,200 SF
Price / SF$208.33
Days on Market103
Property Features for 2815 South Alma School Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Type
Investment Type
Additional Details
Business Included
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Momentum Broker LLC
Listed By:
Edgar Chavez · License AZ BR661269000
(602) 577-4379
Source:
Crexi
Added: Aug 4
Changed: Nov 10
Last Checked: Nov 12 at 4:56AM
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 Momentum Broker LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property is presented as an established smoke shop and retail business at 2815 South Alma School Road in Mesa, Arizona. The property record identifies a 1984 construction year and a property size of 1200.
The address is in Mesa, AZ 85210, providing a specific commercial location for the existing retail operation.
The address is in Mesa, AZ 85210, providing a specific commercial location for the existing retail operation.
Key Highlights
- Established smoke shop and retail business
- 2815 South Alma School Road address
- Mesa, Arizona location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,627
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,540
$212.5K
Cap Rate 7%
$151,814
$151.8K
Cap Rate 9%
$118,078
$118.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$16.3K $13.56/SF
− Vacancy
−$1.1K −$0.91/SF
EGI
$15.2K $12.65/SF
− OpEx
−$4.6K −$3.80/SF
NOI
$10.6K $8.86/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,540
Cap Rate 7%
$151,814
Cap Rate 9%
$118,078
Alternative Uses
Best Use
Retail
$151.8K
$132.8K – $177.1K
NOI $10,627 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.9K
$287.8K – $383.8K
NOI $23,025 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
98k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 35%
Shops & Services 23%
Electronics 1%
Safeway
Groceries
34,312 visits/mo
0.1 miles
McDonald's
Dining
25,306 visits/mo
0.2 miles
Taco Bell
Dining
13,341 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,286 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
3,608 visits/mo
0.1 miles
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Storefront properties in Mesa
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Established retail business at a Mesa commercial address on South Alma School Road.
Where is this storefront property located?
The property is located at 2815 South Alma School Road Mesa, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Established smoke shop and retail business; 2815 South Alma School Road address; Mesa, Arizona location
