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Property profile & analytics
FOR LEASE
Strip malls

2909 S Dobson Rd Mesa, AZ 85202

24,288 SF 1.79 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-1502854
Property summary
AI-generated overview

Dobbs Plaza, a prime retail investment opportunity in Mesa, Arizona, is now available for purchase. This exceptional property boasts 31,828 square feet of 100% occupied space, distributed across two single-story buildings situated on a 2.55-acre lot. The property features a strong tenant roster, including popular local businesses such as Bisbee Breakfast and Dobson Ranch Animal Hospital, ensuring consistent cash flow. The current Net Operating Income (NOI) stands at $390,981, yielding a 7.00% capitalization rate. The asking price is $5,585,443, translating to $217.64 per square foot. Located at 2909-2917 S Dobson Rd, Mesa, AZ 85202, this shopping center benefits from high visibility along Dobson Road, with a daily traffic count of 26,700 vehicles. The property is zoned LC - Limited Commercial and offers abundant parking and prominent building/monument signage opportunities. The lease type is NNN (Triple Net), spread across nine co-tenants, minimizing landlord responsibilities. This presents a value-add opportunity with potential for future growth and increased profitability. Easy access to Loop 101 and US 60 further enhances its strategic location and accessibility. The property's APN is 302-78-854A & 855A.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 24,288 SF
Lot 1.79 ac (77,962 SF)
Zoning code LC
APN 302-78-855A
UPID US07-1502854
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Armored Academy of Arizona Gym & Fitness Center
  • Ban Chan Restaurant
  • fresenius medical care-north america Medical Billing Service
  • Mordhau Historical Combat Training Center Sports School
  • Rehoboth African Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.55M
Comparable Approach Comparable
$3.47M
Blend (final) Blend
$4.16M
Owner & transaction history
Gendell Partners 159th & Lagrange L · 1 yrs held
Gendell Partners 159th & Lagrange L
since 2025
Last sale
$5.1M
5 recorded transactions
2025
$5.1M
2005
$4.3M
1998
Price N/A
1997
$1.4M
1987
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $6.4M +94.7%
Medical building $6.4M +94.6%
Office building $4.2M +27.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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