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Property profile & analytics

1042 N Higley Rd Mesa, AZ 85205

  • Strip malls
  • 6,600 SF
  • 11.31 lot acres
For Lease
Last Sale
Feb 21, 2024
$10,600,000
Value Estimations
$10,600,000
Cap Rate Potential
Location Intelligence
Property ID
US07-3405148
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

  • Lonnie’s / Barber Shop
  • Evolved Logistics International / Logistics Service
  • The Master’s Touch Cleaning Services of Chandler AZ / House Cleaning Service
  • clickprintship.co / Shipping Service
  • UPS Authorized Shipping Outlet / Shipping Service / Shipping And Mailing Service

Property Details for 1042 N Higley Rd

Year built
1987
Construction
CONCRETE
Lot size
11.31 lot acres
Property size
6,600 SF
Zone code
LC
Property type
Strip malls
Property subtype
Neighborhood centers
APN
140-01-681
APU
14001681

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $10,600,000
    ML approach
    $10,600,000

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


Location Insight

  • Map
  • Local Demand
City
Mesa
County
Maricopa
State
Arizona
Longitude
-111.721
Latitude
33.4354
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
$137,680
$0.00
$0.00
$1,674,206
-
$3,513,400
$6,633,300
$10,146,700
More about this property
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