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Property profile & analytics
OFF-MARKET Estimated value $745,000
Bars & Pubs

1040 Broadway Rd Mesa, AZ 85210-8417

2,880 SF 0.37 ac lot Built 1974
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-3347505
Property summary
AI-generated overview

This exceptional commercial property, located at 1040 W BROADWAY Road Unit 1040 in Mesa, Arizona, presents a unique investment opportunity. Situated on a prominent 0.37-acre lot along a high-traffic thoroughfare, this property boasts unparalleled visibility and accessibility, making it an ideal location for a diverse range of commercial ventures. Previously utilized as a restaurant, the building is offered as-is, providing a blank slate for a prospective buyer to customize and develop according to their specific business needs. The property's strategic location ensures high foot traffic and excellent exposure to potential customers. The substantial lot size offers ample space for expansion, outdoor seating, or additional parking, depending on the intended use. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area of Mesa, Arizona, offering significant potential for growth and return on investment. The asking price is $800,000. Serious inquiries are encouraged. The square footage of the building is not currently available.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1974
Construction CONCRETE
Total area 2,880 SF
Lot 0.37 ac (15,928 SF)
Zoning code I-1
APN 134-05-024E
UPID US07-3347505
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bahia De Kino Restaurant
  • Progressive Car Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$760k
Blend (final) Blend
$745k
Owner & transaction history
Villa Hidalgo Investments LLC · 1 yrs held
Villa Hidalgo Investments LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
$660,000
2010
$240,335
2010
Price N/A
2010
Price N/A
2008
Price N/A
2003
$360,000
Zoning & alternative use
I-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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