Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Greenfield Road Title is generated by Realmo AI

    63 N Greenfield Rd, Mesa, AZ 85205

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail property in Mesa, Arizona, with high visibility.

    Type:Retail
    Property size:
    18,041 SF
    Added:
    Nov 25, 2025
    Days on Market:
    184
    Last Refresh:
    May 19 at 8:05 pm

    Property Features for 63 N Greenfield Rd

    General Information

    Standard status
    Active
    Size
    18,041 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Jason Fessinger

    Listing agent Jason Fessinger License #AZ SA623748000

    Listing office Western Retail Advisors, LLC

    Listing date Nov 25, 2025

    Source W-retail

    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 Western Retail Advisors, LLC

    HighLights

    • 100% Leased investment opportunity
    • Neighborhood Center off Greenfield Rd
    • Unobstructed visibility to Greenfield Road
    • Close Proximity to I‑60 & Loop 202 Freeways
    • Located at NEC Main St & Greenfield Rd
    • Fry’s Marketplace Center nearby

    Overview

    This retail property is located off Greenfield Road in a neighborhood center. The property is situated near the intersection of Main Street and Greenfield Road, offering unobstructed visibility to Greenfield Road. It is in close proximity to the I-60 and Loop 202 freeways. The property is part of the Fry’s Marketplace Center and is currently 100% leased. The property size is 18,041 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Restaurant Neal Patrick Patalinghug, ... Medical Clinic POWER SMOKE TOBACCO ... (Bike/Boat/Book/etc) Store Ajitha Nair, APRN Medical Clinic Dollar Tree Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.736
    Latitude
    33.4173

    Nearby Similar for Lease

    • Sponsored
      $129-$3,534/Mo
      11-1,292 SF

      Stapley Corporate Center

      1910 Stapley Dr, Unit 221, Mesa, AZ 85204
      View Details
    • $129-$3,126/Mo
      11-1,292 SF

      AZ, Mesa- W Brown Rd

      560 Brown Rd, Unit 3A1, Mesa, AZ 85201
      View Details
    • $129-$8,815/Mo
      11-1,646 SF

      Val Vista

      3707 Southern Ave, Unit Floors 1 & 2, Mesa, AZ 85206
      View Details
    • $129-$4,456/Mo
      11-1,292 SF

      Dobson

      2266 Dobson Rd, Unit 200, Mesa, AZ 85202
      View Details
    • $15 SF/Yr
      5,875 SF

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • $24 SF/Yr
      2,000 SF

      Medical Office Space For Rent

      Medical office space available near Banner Baywood Medical Center.
      1635 North Greenfield Road, Mesa, AZ, 85205
      View Details
    • $2,115/Mo
      995 SF

      Turn-Key Office Condo For Rent

      Office condo for rent in a highly-desired area.
      110-3035 S Ellsworth Road, Mesa, AZ 85212
      View Details
    • $20 SF/Yr
      9,235 SF

      Mesa Medical Office Space Available

      Class B medical office condo in Mesa, built in 2002.
      5432 E Southern Ave, Mesa, AZ 85206
      View Details
    • $3,546/Mo
      3,546 SF

      Mesa Medical Office Building

      Class A medical office in Red Mountain Professional Park.
      Red Mountain Professional Park 6848 E Brown Rd, Mesa, AZ 85207
      View Details
    • $1,677/Mo
      38,026 SF

      Retail Space on Baseline Road

      Retail space available for lease on Baseline Road, Mesa.
      40 W BASELINE Road 104, Mesa, AZ 85210
      View Details
    • $1,869/Mo
      13,650 SF

      Retail Space on Baseline Road

      Retail space available for lease on Baseline Road.
      40 W Baseline Road 114, Mesa, AZ 85210
      View Details
    • $1.10 SF/Yr
      21,318 SF

      Mesa Office & Warehouse Space

      Office and warehouse spaces in central Mesa location available for rent.
      950 W Birchwood Ave, Mesa, AZ 85210
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail property in Mesa, Arizona, with high visibility.
    Where is this strip mall located?
    The property is located at 63 N Greenfield Rd Mesa, AZ.
    What are key features of this property?
    This property features: 100% Leased investment opportunity; Neighborhood Center off Greenfield Rd; Unobstructed visibility to Greenfield Road
    (602) 931-4492
    We can help!
    Listing Contact
    Jason Fessinger
    Real Estate License ID: AZ SA623748000
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    63 N Greenfield Rd, Mesa, AZ 85205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!