0 Signal Butte Rd & Southern Ave Mesa, AZ 85209
This exceptional 1.87-acre commercial property in Mesa, Arizona, offers 81,618 square feet of development potential. Located at the intersection of Signal Butte Road and Southern Avenue, this site boasts unparalleled visibility and accessibility. The property is zoned LC-PAD, allowing for a variety of retail and mixed-use developments. Its strategic location is a key advantage, situated adjacent to a brand-new Sprouts shopping center averaging over 38,000 monthly visitors and across the street from The Shoppes at Parkwood Ranch, a Hobby Lobby-anchored center attracting over 63,000 monthly visitors. This high-traffic area benefits from a strong daytime population exceeding 86,000 within a three-mile radius, with a significant portion employed in healthcare, consumer services, and education. Nearby anchors include Mountain Vista Medical Center (700+ employees, 178 beds) and Skyline High School (2,451 students, 202 faculty/staff). The area's projected growth is substantial, with the population within three miles expected to increase to over 104,000 by 2025. Furthermore, the property is part of the planned Mountain Vista Mixed-use Development, slated to include over 130,000 square feet of commercial space, a four-story hotel, and a 300-unit residential development. This presents a unique opportunity to capitalize on the existing high traffic and the future growth potential of this thriving area. The property offers great visibility along Southern Avenue with full site access. The price per square foot is $17.50.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.