Mesa Value-Add Shopping
For Sale
$5,252,000
4815 E Main St, Mesa, AZ 85205
Shopping center with below-market rents and immediate upside potential.
Property Size31,888 SF
Price / SF$164.70
Days on Market153
Property Features for 4815 E Main St
General Information
Standard status
Active
Size
31,888 SF
Property subtype
Commercial
Occupancy
77%
Net Operating Income
$322,148
Building Details
Building Size
31,888 SF
Year Built
1978
Units
20
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Zach Stevens · License #SA712608000 (AZ)
(602) 922-3427
Source:
Matthews
Added: May 14
Changed: Oct 3
Last Checked: Oct 12 at 4:43PM
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This commercial property is a shopping center located in Mesa, Arizona. The property has a size of 31888 square feet and is being offered for sale. The property is described as a value-add shopping center with below-market rents, presenting an opportunity for immediate upside.
Key Highlights
- Value‑Add Opportunity
- Below‑Market Rents offer immediate upside potential.
- Immediate Upside Potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$282,401
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,648,020
$5.6M
Cap Rate 7%
$4,034,300
$4.0M
Cap Rate 9%
$3,137,789
$3.1M
Market Conditions
NOI Build-Up for 31,888 SF
Gross rent
$432.4K $13.56/SF
− Vacancy
−$29.0K −$0.91/SF
EGI
$403.4K $12.65/SF
− OpEx
−$121.0K −$3.80/SF
NOI
$282.4K $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%
$5,648,020
Cap Rate 7%
$4,034,300
Cap Rate 9%
$3,137,789
Alternative Uses
Best Use
Retail
$4.03M
$3.53M – $4.71M
NOI $282,401 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.74M
$7.65M – $10.20M
NOI $611,852 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
PNC Bank
Shops & Services
1,903 visits/mo
0.5 miles
Friendly Auto Centers
Shops & Services
1,098 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with below-market rents and immediate upside potential.
Where is this shopping center located?
The property is located at 4815 E Main St Mesa, AZ.
What is the asking price?
The asking price for this property is $5,252,000.
What are key features of this property?
This property features: Value‑Add Opportunity; Below‑Market Rents offer immediate upside potential.; Immediate Upside Potential
