Property profile

1240 W Southern Ave Mesa, AZ 85202

FOR LEASE
Strip malls
Saved · see the list in your Dashboard
Property ID
US07-0039565
15,537 SF 0.73 ac Built 1979
Last sale Oct 2023·$520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This property is a strip center located off US-60 at Alma School Road. It is configured for retail and other commercial uses and is situated along the retail/commercial corridor near the US-60 thoroughfare.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$430k
Effective rate6.54%

Value estimate

· Nov 2026
$510k
$459k – $561k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$135/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$99 – $190
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LC
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding re...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply36.3
Auto Parts Store30.2
Wholesale Shop29.6

Location

1240 W Southern Ave Mesa, AZ 85202
County assessor Recorded deeds · 8 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1940 Baseline, Mesa, AZ 85202-9066 $2,320,000 Oct 2024 12,224 SF
535 Dobson, Mesa, AZ 85202-1834 $3,700,000 Mar 2022 18,000 SF
1457 Southern Ave, Mesa, AZ 85202-4813 $2,650,000 Dec 2021 22,736 SF
1258 Baseline, Mesa, AZ 85202-5815 $1,500,000 Nov 2021 12,183 SF
2023 Guadalupe Rd, Mesa, AZ 85202-7371 $2,425,000 Jun 2021 15,900 SF
2050 Guadalupe, Mesa, AZ 85202-7372 $1,856,000 Jan 2020 22,599 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved