Freestanding Retail Building on
For Sale
Contact for pricing
4517 E Main Street, Mesa, AZ 85205
30,000 SF retail building on 2.7 AC for sale.
Property Size30,000 SF
Lot Size2.70 Acres
Price / SF$196.67
Days on Market485
Property Features for 4517 E Main Street
General Information
Standard status
Active
Size
30,000 SF
Lot size
2.70 Acres
Property subtype
Retail
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
GPS Commercial Advisors
Listed By:
JENNIFER HILL · License #BR540315000
Source:
Crexi
Added: Apr 24, 2025
Changed: Aug 17
Last Checked: Aug 20 at 3:39PM
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 GPS Commercial Advisors
Investment Insights
Based on property information with market context.
This is a freestanding retail building with 30,000 square feet of space, situated on a 2.7-acre lot. The property is located at a high-traffic intersection and features LED signage on Main Street. It is positioned next to a future ALDI location and across Main Street from Fry’s Marketplace. The building is immaculately maintained.
Key Highlights
- High‑traffic intersection location
- Freestanding 30,000 SF retail building
- Located on 2.7 AC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$265,681
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,313,620
$5.3M
Cap Rate 7%
$3,795,443
$3.8M
Cap Rate 9%
$2,952,011
$3.0M
Market Conditions
NOI Build-Up for 30,000 SF
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.
Gross rent
$406.8K $13.56/SF
− Vacancy
−$27.3K −$0.91/SF
EGI
$379.5K $12.65/SF
− OpEx
−$113.9K −$3.80/SF
NOI
$265.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,313,620
Cap Rate 7%
$3,795,443
Cap Rate 9%
$2,952,011
Alternative Uses
Best Use
Retail
$3.80M
$3.32M – $4.43M
NOI $265,681 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.22M
$7.20M – $9.59M
NOI $575,626 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 33%
Dining 23%
Fry's
Groceries
39,618 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,124 visits/mo
0.2 miles
Circle K
Shops & Services
10,212 visits/mo
0.0 miles
Chase Bank
Shops & Services
8,757 visits/mo
0.1 miles
Wendy's
Dining
8,383 visits/mo
0.0 miles
Demographics for 85205, AZ
44,137
Population
23,473
Households
1.9
Avg Household Size
48
Median Age
30%
College-Educated
94%
High-School Grad
10.1 sq mi
ZIP Area
4,370
Density / Sq Mi
$71,294
Median Household Income
$46,378
Median Earnings
$1,363
Median Rent
$301,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 30,000 SF retail building on 2.7 AC for sale.
Where is this retail space located?
The property is located at 4517 E Main Street Mesa, AZ.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: High‑traffic intersection location; Freestanding **30,000 SF retail building**; Located on **2.7 AC**
