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Financial
Distress signals
Property profile

1255 Southern Ave Mesa, AZ 85204

OFF-MARKET
Strip malls
Property ID
US07-0902124
18,984 SF 6.46 ac lot Built 1986
Last sale May 2022 · $12,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Retail space comprising 3,122 square feet is situated on a highly visible signalized hard corner with frontage on a prominent retail intersection. The location is just off a full diamond interchange with the US-60 Freeway and is within a larger retail node anchored by two grocers, totaling 366,000 square feet. Monument signage is available, and the surrounding commercial mix at the intersection includes tenants such as Los Altos Ranch Market, dd's Discounts, Walgreens, Panda Express, and Chase Bank, among other national and financial users.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$90k
Tax billed · 2023
Assessed value · 2024$1.22M
Effective rate7.36%

Value estimate

· Oct 2026
$11.26M
$10.13M – $12.39M
Submarket $/SF estimate$11.20M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$311/SF
Submarket average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$133 – $658
Qualifying comparables6

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store12.2
Hotel & Motel11.7
Laundry Service11.6

Location

1255 Southern Ave Mesa, AZ 85204-5153
County assessor Recorded deeds · 9 transfers 6 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
330 Gilbert, Mesa, AZ 85204-2472 $2,100,000 Jun 2022 32,330 SF
2034 Southern, Mesa, AZ 85204-5303 $24,200,000 Jun 2022 33,440 SF
2048 Baseline, Mesa, AZ 85204-6969 $30,300,000 Apr 2022 10,876 SF
2753 Broadway Rd, Mesa, AZ 85204-1573 $11,250,000 Dec 2021 17,358 SF
2639 Broadway Rd, Mesa, AZ 85204-1571 $11,250,000 Dec 2021 25,989 SF
1555 Gilbert, Mesa, AZ 85204-6000 $4,300,000 Feb 2021 11,800 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
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