Property profile

10545 E Southern Ave Mesa, AZ 85209

FOR LEASE
Retail space
Property ID
US07-0933638
1.08 ac lot Built 2023
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,361 square foot medical office/retail space, located at 10545 E Southern Ave, Suite 103, Mesa, AZ 85209, presents a remarkable opportunity for businesses seeking a prime location in a thriving community. Built in 2023, the property boasts a versatile, gray-shell condition, perfect for build-to-suit development tailored to specific business needs. The space is entirely vacant and ready for immediate occupancy. Benefit from high visibility with frontage on Southern Avenue and the opportunity for prominent building signage. The property features 5.4 parking spaces per 1,000 square feet, ensuring ample parking for clients and staff. Zoned LC (Limited Commercial), this space is ideal for a variety of uses, including medical, dental, or retail establishments. The property's APN is 220-81-787A, and its location within Maricopa County offers easy access to major transportation routes and a strong customer base. This is a rare chance to establish a business in a newly constructed, highly visible space within a dynamic and growing market. Seize this opportunity to create a space perfectly suited to your business vision and capitalize on the potential of this strategic location in Mesa, Arizona. The property is situated in a thriving area, ensuring a solid customer base for any business.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2023
Lot 1.08 ac (47,059 SF)
Zoning code LC
APN 220-81-787A
UPID US07-0933638

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office

Location

10545 E Southern Ave Mesa, AZ 85209
Mesa metro Census 422615 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2021
Last sale
$494,911
3 recorded transactions
2022
Price N/A
2021
$494,911
2008
$1.2M

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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