Remodeled Shopping Center with
925-1121 S Gilbert Rd, Mesa, AZ 85204
For Sale
Contact for pricing
Turnkey retail suites in a shopping center with elevator access on a high-traffic Mesa corner.
Property Size367,741 SF
Days on Market142
Property Features for 925-1121 S Gilbert Rd
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Traffic Count
Highway Access
Road Access
Building Details
Building Size
Properties For Sale
at 925-1121 S Gilbert Rd Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| Proposed Retail Pad | 3,500 SF | Retail-Pad | — | — | Contact us |
| Bldg 1017 | Ste 105 | 2,888 SF | — | — | — | Contact us |
| Bldg 1017 | Ste 108A | 1,631 SF | — | — | — | Contact us |
| Bldg 1017 | Ste 114 | 1,796 SF | — | — | — | Contact us |
| Bldg 1017 | Ste 210 | 1,731 SF | — | — | — | Contact us |
| Bldg 1107 | Ste 211 b | 841 SF | — | — | — | Contact us |
| Bldg 925 | Ste 101-110 | 13,389 SF | — | — | — | Contact us |
| Bldg 925 | Ste 206 | 1,560 SF | Street Retail | — | — | Contact us |
| Bldg 925 | Ste 207 | 947 SF | — | — | — | Contact us |
| Bldg 943 | Ste 103 | 2,300 SF | — | — | — | Contact us |
| Bldg 943 | Ste 203 | 2,482 SF | — | — | — | Contact us |
| Bldg 943 | Ste 204 | 2,202 SF | — | — | — | Contact us |
| Bldg 965 | 21,638 SF | — | — | — | Contact us |
Show all 13 spaces
Listing Agency:
COBE Real Estate
Listed By:
Russ Rodgers
(214) 609-4413
Source:
Coberealestate
Added: Jun 25
Changed: Nov 9
Last Checked: Nov 12 at 6:55AM
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 COBE Real Estate
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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.
This shopping center offers newly remodeled, turnkey retail space with elevator access to an upper level. Monument signage is available, supporting prominent site identification for tenant businesses.
The property is positioned at the northeast corner of Gilbert Road and Southern Avenue, with an average of 70,000 VPD. The center is described as centrally located in the East Valley with easy access to US 60, and it offers frontage at a key intersection.
For tenants and operators, the combination of turnkey condition, elevator-served upper-level access, and visibility at a high-traffic corner can support a range of retail and service concepts. The tenant mix described in the remarks includes National tenants such as Target and The Shop Gym, with additional anchor tenants (AutoZone and Burger King) noted as coming soon this fall.
The property is positioned at the northeast corner of Gilbert Road and Southern Avenue, with an average of 70,000 VPD. The center is described as centrally located in the East Valley with easy access to US 60, and it offers frontage at a key intersection.
For tenants and operators, the combination of turnkey condition, elevator-served upper-level access, and visibility at a high-traffic corner can support a range of retail and service concepts. The tenant mix described in the remarks includes National tenants such as Target and The Shop Gym, with additional anchor tenants (AutoZone and Burger King) noted as coming soon this fall.
Key Highlights
- Retail suites in a shopping center on the NE corner of Gilbert Road and Southern Avenue in Mesa
- Average 70,000 VPD traffic on Gilbert Road/Southern Avenue for strong visibility
- Elevator access to the upper level building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,309,189
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,183,780
$86.2M
Cap Rate 7%
$61,559,843
$61.6M
Cap Rate 9%
$47,879,878
$47.9M
Market Conditions
NOI Build-Up for 367,741 SF
Gross rent
$6.62M $18.00/SF
− Vacancy
−$463.4K −$1.26/SF
EGI
$6.16M $16.74/SF
− OpEx
−$1.85M −$5.02/SF
NOI
$4.31M $11.72/SF
Area
ZIP 85204
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,183,780
Cap Rate 7%
$61,559,843
Cap Rate 9%
$47,879,878
Alternative Uses
Best Use
Retail
$61.56M
$53.86M – $71.82M
NOI $4,309,189 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.10M
$106.84M – $142.46M
NOI $8,547,313 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
70,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
328k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Superstores 30%
Dining 23%
Home Improvements & Furnishings 6%
Target
Superstores
99,024 visits/mo
0.2 miles
QuikTrip
Shops & Services
52,415 visits/mo
0.3 miles
Circle K
Shops & Services
21,347 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
18,035 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,941 visits/mo
0.5 miles
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Mesa
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Tableland Village II — 1315 S Gilbert Rd, Mesa, AZ 85204
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Frequently Asked Questions
What type of property is this?
Shopping center - Turnkey retail suites in a shopping center with elevator access on a high-traffic Mesa corner.
Where is this shopping center located?
The property is located at 925-1121 S Gilbert Rd Mesa, AZ.
What are key features of this property?
This property features: Retail suites in a shopping center on the NE corner of Gilbert Road and Southern Avenue in Mesa; Average 70,000 VPD traffic on Gilbert Road/Southern Avenue for strong visibility; Elevator access to the upper level building
