Mesa Retail Property For
For Sale
Contact for pricing
6631 E Southern Ave, Mesa, AZ
Retail property occupied by OfficeMax, located in Mesa, Arizona.
Property Size23,484 SF
Lot Size2.20 Acres
Price / SF$176.72
Days on Market525
Property Features for 6631 E Southern Ave
General Information
Standard status
Active
Size
23,484 SF
Lot size
2.20 Acres
Property subtype
RETAIL
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Trent McCullough
(602) 639-4868
Source:
Moodyscre
Added: May 22, 2025
Changed: Oct 25
Last Checked: Oct 26 at 8:12PM
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 LevRose Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a retail space currently occupied by OfficeMax, a retailer specializing in office supplies, furniture, and technology products. Founded in 1988, OfficeMax merged with Office Depot in 2013 to form Office Depot, Inc., which operates under both the OfficeMax and Office Depot brands. As of recent years, there are approximately 1,000 combined retail locations in North America, including 22 OfficeMax locations in Arizona cities such as Phoenix, Tucson, Chandler, Mesa, and Scottsdale. Office Depot, Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol ODP. The property has a size of 23484 square feet and is located in Mesa, Arizona.
Key Highlights
- Established retailer founded in 1988 with a long history.
- Part of Office Depot, Inc. (NASDAQ: ODP).
- Specializes in office supplies, furniture, and technology products.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,975
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,159,500
$4.2M
Cap Rate 7%
$2,971,071
$3.0M
Cap Rate 9%
$2,310,833
$2.3M
Market Conditions
NOI Build-Up for 23,484 SF
Gross rent
$318.4K $13.56/SF
− Vacancy
−$21.3K −$0.91/SF
EGI
$297.1K $12.65/SF
− OpEx
−$89.1K −$3.80/SF
NOI
$208.0K $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%
$4,159,500
Cap Rate 7%
$2,971,071
Cap Rate 9%
$2,310,833
Alternative Uses
Best Use
Retail
$2.97M
$2.60M – $3.47M
NOI $207,975 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,600 @ 7.0% cap · market cap 10.86%
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
1,129
Businesses Nearby
199k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 33%
Home Improvements & Furnishings 17%
Dining 6%
WinCo Foods
Groceries
66,478 visits/mo
0.2 miles
Circle K
Shops & Services
29,421 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,824 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
19,122 visits/mo
0.2 miles
PetSmart
Shops & Services
14,582 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property occupied by OfficeMax, located in Mesa, Arizona.
Where is this retail space located?
The property is located at 6631 E Southern Ave Mesa, AZ.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Established retailer founded in 1988 with a long history.; Part of Office Depot, Inc. (NASDAQ: ODP).; Specializes in office supplies, furniture, and technology products.
