Historic Downtown Mixed-Use
For Sale
Contact for pricing
36 S Macdonald, Mesa, AZ 85210
Character-rich structures in Mesa’s urban core offer flexibility for commercial or residential redevelopment.
Property Size20,685 SF
Price / SF$140.15
Days on Market53
Property Features for 36 S Macdonald
General Information
Standard status
Active
Size
20,685 SF
Property subtype
RETAIL
Zoning
C-DT
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Garrett Hemeyer · License #SA684184000
(480) 848-3168
Source:
Moodyscre
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 14 at 11:33PM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This downtown Mesa property includes approximately 20,685 square feet of existing historic structures with original architectural character. The improvements provide a foundation for adaptive reuse, with source information identifying potential applications including creative office, specialty retail, mixed-use, and residential units.
The property is zoned Commercial Downtown (C-DT) and sits near Main Street, civic institutions, and light rail service. It is also located within an Opportunity Zone. The site’s position in Mesa’s urban core and its existing vintage buildings support redevelopment planning centered on preserving distinctive architectural elements while adapting the space for contemporary use.
The property is zoned Commercial Downtown (C-DT) and sits near Main Street, civic institutions, and light rail service. It is also located within an Opportunity Zone. The site’s position in Mesa’s urban core and its existing vintage buildings support redevelopment planning centered on preserving distinctive architectural elements while adapting the space for contemporary use.
Key Highlights
- Approximately 20,685 square feet of existing historic structures
- Commercial Downtown (C‑DT) zoning
- Near Main Street, civic institutions, and light rail service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,187
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,663,740
$3.7M
Cap Rate 7%
$2,616,957
$2.6M
Cap Rate 9%
$2,035,411
$2.0M
Market Conditions
NOI Build-Up for 20,685 SF
Gross rent
$280.5K $13.56/SF
− Vacancy
−$18.8K −$0.91/SF
EGI
$261.7K $12.65/SF
− OpEx
−$78.5K −$3.80/SF
NOI
$183.2K $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%
$3,663,740
Cap Rate 7%
$2,616,957
Cap Rate 9%
$2,035,411
Alternative Uses
Best Use
Office B
$5.06M
$4.43M – $5.91M
NOI $354,440 @ 7.0% cap · market cap 12.23%
Second Best
Retail
$2.62M
$2.29M – $3.05M
NOI $183,187 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$5.67M
$4.96M – $6.61M
NOI $396,894 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,192
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Character-rich structures in Mesa’s urban core offer flexibility for commercial or residential redevelopment.
Where is this mixed-use property located?
The property is located at 36 S Macdonald Mesa, AZ.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Approximately 20,685 square feet of existing historic structures; Commercial Downtown (C‑DT) zoning; Near Main Street, civic institutions, and light rail service
