Fitness-Anchored Shopping
425-515 N Stapley Dr Mesa, AZ 85203
For Sale
Contact for pricing
Shopping center is 100% occupied and features a fitness-anchored tenant mix.
Property Size24,568 SF
Price / SF$235.32
Days on Market301
Property Features for 425-515 N Stapley Dr
General Information
Standard status
Active
Size
24,568 SF
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Phoenix
(602) 253-7900
Listed By:
Shane Carter · License #SA673156000
Source:
Moodyscre
Added: Oct 2, 2025
Changed: Jul 28
Last Checked: Jul 29 at 2:45PM
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 Cushman & Wakefield | Phoenix
Investment Insights
Based on property information with market context.
This fitness-anchored shopping center is offered for sale and is 100% occupied. The center also benefits from a diverse tenant mix, with rents described as below market.
The property is located at 425–515 N Stapley Dr in Mesa, Arizona (85203). It is positioned as a shopping center investment opportunity with pricing noted as below replacement cost.
With consistent occupancy and multiple tenants in place, the asset provides an income-producing retail configuration aligned with a fitness-centered retail draw.
The property is located at 425–515 N Stapley Dr in Mesa, Arizona (85203). It is positioned as a shopping center investment opportunity with pricing noted as below replacement cost.
With consistent occupancy and multiple tenants in place, the asset provides an income-producing retail configuration aligned with a fitness-centered retail draw.
Key Highlights
- 100% occupied shopping center
- Fitness‑anchored tenant mix
- Diverse tenant mix
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $333.1k | $13.56 |
| − Vacancy | −$22.3k | −$0.91 |
| EGI | $310.8k | $12.65 |
| − OpEx | −$93.2k | −$3.80 |
| NOI | $217.6k | $8.86 |
24,568 SF · lease $13.56/SF/yr · vacancy 6.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.11M
$2.72M – $3.63M
NOI $217,575 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.73M
$5.89M – $7.86M
NOI $471,399 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- UNITY PLAZA — 27 S Stapley Dr, Mesa, AZ 85204
- Coin Time Bitcoin ATM — 816 E University Dr, Mesa, AZ 85203
- Sherwood Mesa Plaza Shopping Center — Mesa, AZ 85204
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center is 100% occupied and features a fitness-anchored tenant mix.
Where is this shopping center located?
The property is located at 425-515 N Stapley Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $5,781,344.
What are key features of this property?
This property features: 100% occupied shopping center; Fitness‑anchored tenant mix; Diverse tenant mix
