Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Cor Mckellips Rd & Power Rd Mesa, AZ 85207

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Mesa location, 1,140 sq ft available.

    Lot size:
    1,140 SF

    Property Features for 0 Cor Mckellips Rd & Power Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,140 SF

    Spaces For Lease

    at 0 Cor Mckellips Rd & Power Rd, Mesa, AZ 85207 Contact us

    We can help!

    Listing Contact
    Jason Fessinger
    Jason Fessinger

    Listing Agent: Jason Fessinger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Red Mountain Plaza offers a fantastic retail opportunity in Mesa, Arizona. This strip center is ideally situated at the northwest corner of McKellips Road and Power Road, in the highly desirable 85207 zip code. Currently, 1,140 square feet of retail space is available for lease, perfect for a variety of businesses. The property is located in Maricopa County and offers excellent visibility and accessibility due to its prominent corner location. The building type is a strip center, providing convenient access for customers. While the total building square footage is not currently specified, the available space presents a significant opportunity for a business seeking a well-located retail presence in a busy Mesa commercial area. The property's address is Northwest Corner McKellips Road & Power Road, Mesa, AZ 85207. This location benefits from high traffic counts and strong demographics, making it an attractive option for businesses seeking high visibility and customer traffic. The available space is ready for immediate occupancy and presents a unique chance to establish or expand a retail operation in a thriving commercial area. Interested parties are encouraged to inquire for further details and leasing information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.6840358
    Latitude
    33.4515535

    Nearby Similar for Lease

    • $500 /Mo
      7,777 SF

      Functional Office Space in Mesa

      Efficient commercial office space with convenient amenities and prime location.
      2651 West Guadalupe Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing
      2,881 SF

      Prime Retail Space in Gilbert

      High-traffic location ideal for retail, service, or restaurant businesses.
      1961 S Val Vista Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      19,600 SF

      Mesa Retail Space For Lease

      Retail space with prime visibility and accessibility in Mesa, Arizona.
      1911 W Broadway Rd, Mesa, AZ 85202
      View Details
    • $17 SF/Yr
      9,492 SF

      Mesa Office Space Available

      Prime commercial property in Mesa, AZ, ideal for professional services.
      1050 East University Dr, Mesa, AZ 85203
      View Details
    • Contact for pricing
      28,958 SF

      Mesa Retail Space For Lease

      Retail space with high visibility and ample parking available for lease.
      1933 E University Dr, Mesa, AZ 85203
      View Details
    • $2,300 /Mo
      1,362 SF

      Mesa Townhome with Private Patio

      Well-maintained 2 bed, 2 bath townhome with community pool.
      7006 E Jensen St, Mesa, AZ 85207
      View Details
    • Contact for pricing
      3,759 SF

      Prime Restaurant Space in Mesa

      High-traffic restaurant space near US-60, Mesa Community College, and Banner
      1054 E Southern Ave, Mesa, AZ 85204
      View Details
    • Contact for pricing
      1,158 SF

      Retail Space on Power Road

      Retail space with high visibility and frontage on Power Road.
      4513 S Power Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Escobedo Plaza

      Prime retail space with high visibility and customization options.
      308-340 E University Dr, Mesa, AZ 85201
      View Details
    • Contact for pricing

      Modern Office Space in Mesa

      Flexible office space with modern amenities and convenient location.
      5833 East Mckellips Rd, Mesa, AZ 85205
      View Details
    • Contact for pricing
      120,000 SF

      Mesa Flex Industrial Building

      Class A flex industrial building ideal for advanced manufacturing.
      5818 E Mcdowell Rd, Mesa, AZ 85203
      View Details
    • Contact for pricing
      48,540 SF

      High-Traffic Corner Retail Opportunity

      Retail space on a heavily trafficked corner in Mesa, Arizona.
      2035 South Alma School Rd, Mesa, AZ 85210
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Mesa location, 1,140 sq ft available.
    Where is this neighborhood center located?
    The property is located at Cor Mckellips Rd & Power Rd Mesa, AZ.
    What are key features of this property?
    This property features: 1,140 SF of immediately available space.; High-traffic location adjacent to Mesa Community College Red Mountain.; Excellent proximity to Boeing, employing 5,000 workers, just 2 miles away.
    Request Owner's contact information
    Cor Mckellips Rd & Power Rd Mesa, AZ 85207
    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.
    Cor Mckellips Rd & Power Rd
    Mesa, AZ 85207
    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
    Cor Mckellips Rd & Power Rd Mesa, AZ 85207
    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

    We can help!
    Listing Contact
    Jason Fessinger
    Jason Fessinger
    Real Estate License ID: BR527561000
    Learn more
    Google sign-in failed. Please try again or use another login method.