856 S Alma School Rd, Mesa, AZ
Large retail building in Mesa, Arizona, available for purchase.
- Added:
- Dec 21, 2024
- Days on Market:
- 534
- Last Refresh:
- May 20 at 9:30 pm
Property Features for 856 S Alma School Rd
General Information
- Standard status
- Active
- Size
- 11,801 SF
- Lot size
- 0.98 Acres
- Property subtype
- RETAIL
Listing agent Bryan Watkins License #BR545459000 (480) 734-7878
Listing office LRA Real Estate Group LLC (480) 734-7878
Listing date Dec 21, 2024
Source Moodyscre
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
HighLights
- Large, 11.8ksf+\/- retail building
- For lease or for sale
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.0k | $13.56 |
| − Vacancy | −$10.7k | −$0.91 |
| EGI | $149.3k | $12.65 |
| − OpEx | −$44.8k | −$3.80 |
| NOI | $104.5k | $8.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.858
- Latitude
- 33.3989
