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Property profile & analytics
OFF-MARKET Estimated value $10,600,000
Strip malls

1042 Higley Rd Mesa, AZ 85205-5398

6,600 SF 11.31 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-3405148
Property summary
AI-generated overview

Northpoint Center presents a unique investment opportunity in a thriving retail environment. This multi-tenant shopping center is undergoing a significant redevelopment, attracting a diverse range of new and established businesses. The revitalization includes the addition of high-profile tenants such as A Modo Mio Italian Restaurant and Cafe, Speakeasy Suites, Regus Executive Suites, and Goodwill, complementing existing anchors like Basha's Grocery Store (newly remodeled), IHOP, McDonald's, Taco Bell, ACE Hardware, Hallmark, and Knuckle Sandwiches. The center's diverse tenant mix caters to a broad customer base, making it an ideal location for service retail, neighborhood retail, and restaurants. Several retail suites are currently available, fully built-out and ready for immediate occupancy. Additionally, a former bagel restaurant space is available, complete with existing equipment and a pre-existing restaurant buildout, minimizing start-up costs and time. This property offers a compelling blend of established success and exciting new development, presenting a strong return on investment potential for savvy investors seeking a prime retail location. The center's strategic location and diverse tenant mix ensure a consistent flow of customers, making it an attractive proposition for both established businesses and new ventures. This is a chance to be part of a dynamic and growing retail hub.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 6,600 SF
Lot 11.31 ac (492,671 SF)
Zoning code LC
APN 140-01-681
UPID US07-3405148
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
  • Lonnie’s Barber Shop
  • Evolved Logistics International Logistics Company Freight Service
  • The Master’s Touch Cleaning Services of Chandler AZ Hardware & Home Improvement
  • clickprintship.co Shipping Company Freight Service
  • UPS Authorized Shipping Outlet Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.60M
Owner & transaction history
Hh Laveen LLC · 2 yrs held
Hh Laveen LLC
since 2024
Last sale
$10.6M
7 recorded transactions
2026
Price N/A
2024
$10.6M
2013
Price N/A
2010
Price N/A
2006
$10.0M
2002
Price N/A
2000
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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