Property profile

1135 N Recker Rd Mesa, AZ 85205

FOR LEASE
Strip malls
Property ID
US07-0117869
53,910 SF 1.24 ac lot Built 1995
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 1135 N Recker Rd, Mesa, AZ 85205, offers 23,942 square feet of versatile space, currently entirely vacant and ready for immediate occupancy. The property is zoned LC and situated at the prominent intersection of Recker Rd and Brown Rd in Maricopa County. The building is divided into four suites, offering flexibility for various retail concepts. Individual suites range from a minimum of 1,575 square feet to a maximum contiguous space of 10,570 square feet, catering to a variety of business needs. The property boasts excellent visibility and accessibility, with monument signage available to enhance brand recognition. This location benefits from a strong demographic profile, with over 95,000 residents residing within a three-mile radius, ensuring a substantial customer base. Furthermore, the property enjoys convenient access to Loop 202, approximately 2.5 miles away, providing easy connectivity to major transportation arteries. The building previously housed a swimming school, offering potential built-out features for a similar business or adaptable space for other retail uses. This is a rare opportunity to secure a prime retail location in a thriving Mesa community.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction CONCRETE
Total area 53,910 SF
Lot 1.24 ac (53,911 SF)
Zoning code LC
APN 141-86-953
UPID US07-0117869

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
  • Real Estate Agency
  • Restaurant
  • Real Estate Agency
  • Real Estate Agency
  • Sports Field & Court

Location

1135 N Recker Rd Mesa, AZ 85205
Mesa metro Census 420202 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.92M
Blend (final) Blend
$1.44M

Owner & transaction history

since 2011
7 recorded transactions
2017
Price N/A
2016
Price N/A
2011
$1.5M
2010
Price N/A
2005
$299,335
2005
$9.0M
2004
Price N/A

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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