Financial
Distress signals
Property profile

1151 E Mckellips Rd Mesa, AZ 85203

FOR SALE
Drug stores
Property ID
US07-0985405
13,050 SF 1.06 ac lot Built 2004
Last sale Jul 2002 · $810,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial property, formerly operated as a CVS, is located on the southwest corner of Stapley Road and McKellips Road in Mesa, Arizona. The site is positioned on a hard corner and is adjacent to a shopping center anchored by Fry’s. It has convenient access to Loop 202 and US-60 via nearby freeway connections and is situated in an area with high traffic volumes exceeding 50,000 vehicles per day. The property is configured for commercial retail use and is suitable for acquisition or leasing.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$37k
Tax billed · 2023
Assessed value · 2024$493k
Effective rate7.59%

Value estimate

· Sep 2026
$790k
$711k – $869k
Sales comparison$3.89M
NOI build-up
Gross scheduled income$177k
Vacancy & credit loss−$12k
Operating expenses−$41k
NOI · 3.54% cap applied$124k

Realmo valuation models over county records and 5 qualifying comparable sales.

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
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3.54%
$124k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency49.0
Restaurant45.2
Building Supply41.6

Location

1151 E Mckellips Rd Mesa, AZ 85203
County assessor Recorded deeds · not on file 5 qualifying comp sales 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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