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Financial
Distress signals
Property profile

10545 E Southern Ave Mesa, AZ 85209

FOR LEASE
Retail space
Property ID
US07-0933638
1.08 ac lot Built 2023
Last sale Jun 2021 · $494,911
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 10545 E Southern Avenue, Suite 103, Mesa, Arizona (APN 220-81-787A), this 2,361-square-foot commercial suite was constructed in 2023 and is presented in grayshell condition, supporting customization for tenant-specific improvements. The space is suitable for a range of uses including medical, dental, or retail, consistent with its LC (Limited Commercial) zoning classification. It features frontage on Southern Avenue and is positioned to accommodate prominent building signage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value · 2024$372k
Effective rate2.86%

Value estimate

· Oct 2026
$375k
$338k – $413k
NOI build-up
Gross scheduled income$68k
Vacancy & credit loss−$14k
Operating expenses−$13k
NOI · 183,890.91% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$262/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$121 – $462

Cap rate analysis

How does the asset earn?
183,890.91%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LC
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding re...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm26.3
Realty agency25.7
Hair Salon14.8

Location

10545 E Southern Ave Mesa, AZ 85209
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10746 Baseline, Mesa, AZ 85209-7795 $72,600,000 Apr 2025 4,114 SF
1744 Signal Butte, Mesa, AZ 85209-2401 $72,600,000 Jan 2025 5,000 SF
1448 Crismon, Mesa, AZ 85209-3888 $2,590,000 Dec 2024 859 SF
1558 Signal Butte, Mesa, AZ 85209 $14,145,833 Jun 2024 83,600 SF
9101 Baseline, Mesa, AZ 85209-7758 $5,346,178 Jun 2023 58,000 SF
7059 Baseline, Mesa, AZ 85209-4803 $5,689,286 Nov 2022 15,748 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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