Freestanding Retail
62 N Dobson Rd, Mesa, AZ 85201
For Sale
Contact for pricing
Suite 1 offers a standalone retail setting near Metro Light Rail and established shopping destinations.
Property Size7,360 SF
Price / SF$0.62
Days on Market69
Property Features for 62 N Dobson Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
LRA Real Estate Group, LLC
Listed By:
Don T Mortensen · License AZ BR529840000
(602) 451-3684
Source:
Phoenixhomehunter
Added: Sep 2
Changed: Nov 8
Last Checked: Nov 8 at 6:59AM
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 LRA Real Estate Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 1 comprises 3,900 square feet of freestanding retail space at 62 N Dobson Rd in Mesa. The building dates to 1973.
The property is just north of Mekong Plaza, near Dobson Road and Main Street. Metro Light Rail serves the area, with multifamily development located across the street. Mekong Plaza has started an expansion totaling 32,000 square feet, planned to include 12 additional businesses.
The property is just north of Mekong Plaza, near Dobson Road and Main Street. Metro Light Rail serves the area, with multifamily development located across the street. Mekong Plaza has started an expansion totaling 32,000 square feet, planned to include 12 additional businesses.
Key Highlights
- 3,900 SF of freestanding retail space in Suite 1
- Located at 62 N Dobson Rd, Mesa, near Dobson Road and Main Street
- Metro Light Rail access in the surrounding area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,025
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,500
$1.6M
Cap Rate 7%
$1,171,786
$1.2M
Cap Rate 9%
$911,389
$911.4K
Market Conditions
NOI Build-Up for 7,360 SF
Gross rent
$128.1K $17.40/SF
− Vacancy
−$10.9K −$1.48/SF
EGI
$117.2K $15.92/SF
− OpEx
−$35.2K −$4.78/SF
NOI
$82.0K $11.14/SF
Area
ZIP 85201
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,500
Cap Rate 7%
$1,171,786
Cap Rate 9%
$911,389
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,025 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,540 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
222k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Dining 22%
Shops & Services 18%
Electronics 1%
H Mart
Groceries
94,284 visits/mo
0.3 miles
Safeway
Groceries
36,904 visits/mo
0.1 miles
Circle K
Shops & Services
19,885 visits/mo
0.3 miles
Filiberto's Mexican Food
Dining
14,859 visits/mo
0.4 miles
Discount Tire Store
Shops & Services
11,943 visits/mo
0.2 miles
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Mesa
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Suite 1 offers a standalone retail setting near Metro Light Rail and established shopping destinations.
Where is this retail space located?
The property is located at 62 N Dobson Rd Mesa, AZ.
What are key features of this property?
This property features: 3,900 SF of freestanding retail space in Suite 1; Located at 62 N Dobson Rd, Mesa, near Dobson Road and Main Street; Metro Light Rail access in the surrounding area
