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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1040 Country Club Dr Mesa, AZ 85210

    • Outlet malls
    • 9,216 SF
    • 0.79 lot acres
    For Lease
    View listing
    Last Sale
    Aug 20, 2021
    $2,326,000
    Value Estimations
    $1,850,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1985169
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cycle Gear / Motorcycle Shop / Motorcycle Parts Store

    Property Details for 1040 Country Club Dr

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    0.79 lot acres
    Property size
    9,216 SF
    Zone code
    LC
    Property type
    Outlet malls
    APN
    134-17-022K
    APU
    13417022K

    Description

    This exceptional retail opportunity is located at 1040 S Country Club Dr, Mesa, AZ 85210, within the Country Club Plaza shopping center. The property offers 3,000 square feet of immediately available space in a vibrant, high-traffic location. The center boasts a strong tenant mix, including Goodwill, Bookman's, Cycle Gear, Denny's, El Pollo Loco, Arby's, and Pizza Hut, ensuring consistent customer flow. Situated on the northwest corner of West Southern Avenue and South Country Club Drive, the property benefits from exceptional visibility and accessibility, with daily traffic counts exceeding 89,000 vehicles. The convenient location provides easy access to the US 60 Freeway, further enhancing its appeal to both customers and employees. This pad site is ideal for a variety of retail uses, offering a prime opportunity to establish a thriving business in a well-established and thriving commercial center. The total building size is 115,766 square feet, with a minimum divisible space of 3,000 square feet. This space represents a rare opportunity to secure a highly visible and accessible retail location in a bustling Mesa, Arizona commercial center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,360,000
      6.5%
      $1,255,000
      7%
      $1,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,436,000
      Market price range: $1.12M - $3.56M
      AI Estimate
      $1,436,000
      Market price range: $1.12M - $3.56M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,375,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,870,000
      Change: +21% Conversion: Moderate
      OFFICE BUILDING
      $2,770,000
      Change: +17% Conversion: Easy
      MEDICAL BUILDING
      $2,415,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,940,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.841
    Latitude
    33.3966
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,312
    $0.00
    $0.00
    $160,767
    -
    $495,800
    $478,543
    $974,343

    Comparable in this City

    • Value Estimation
      $8,105,000
      20,976 SF

      1056 Country Clb Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 20,976 SF
      1056 Country Clb Dr, Mesa, AZ 85210-4643
      View Details
    • Value Estimation
      $2,105,000
      17,350 SF

      1353 Alma School Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 17,350 SF
      1353 Alma School Rd, Mesa, AZ 85210-2085
      View Details
    • Value Estimation
      $5,770,000
      30,034 SF

      Mesa, AZ 85210

      WHOLESALE OUTLET, DISCOUNT STORE • 30,034 SF
      Mesa, AZ 85210
      View Details
    • Value Estimation
      $4,730,000
      38,997 SF

      119 1st Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 38,997 SF
      119 1st Ave, Mesa, AZ 85210-1311
      View Details
    • Value Estimation
      $3,840,000
      31,650 SF

      1341 Alma School Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 31,650 SF
      1341 Alma School Rd, Mesa, AZ 85210-2085
      View Details
    • Value Estimation
      $4,400,000
      22,880 SF

      1233 Country Clb Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 22,880 SF
      1233 Country Clb Dr, Mesa, AZ 85210-5127
      View Details

    Similar Nearby for Sale

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      Mesa Shopping Center For Sale

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    Similar Nearby for Lease

    • $27 SF/Yr
      9,164 SF

      Mesa Retail Space For Lease

      Retail space available near US-60, anchored by Ranch Market.
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      Retail Space Available For Rent

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      Fry's Anchored Shopping Center Space

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      High-Traffic Corner Retail Opportunity

      Retail space on a heavily trafficked corner in Mesa, Arizona.
      2035 South Alma School Rd, Mesa, AZ 85210
      View Details
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    Mesa, AZ 85210
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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