Back to Search
Property profile & analytics
FOR LEASE
Retail space
135 S Mesa Dr Mesa, AZ 85210
Individually Owned
9-yr Hold
Free & Clear
Property ID
US07-1768207
For Lease
1 / 24
$17.50 SF/Yr
135 S Mesa Dr, Mesa, AZ 85210
View Listing →
Property summary
AI-generated overview
This exceptional 3,092 square foot retail building is located at 135 S Mesa Dr, Mesa, AZ 85210, at the intersection of Mesa Dr and Main St. Built in 1986, this two-story property sits on a 0.16-acre lot and is currently vacant, offering a blank canvas for a new business. The building features 3-phase wiring, making it suitable for a variety of commercial uses. The zoning is DB-1, and the property is situated in Maricopa County. The interior boasts a versatile layout, including a work area, lobby/reception, and two restrooms. The lower level offers an open bullpen area with two separate office spaces and water hookups, ideal for a variety of configurations. The upper level provides additional open space, perfect for a bullpen or storage. Recent exterior improvements include fresh paint, and the south wall's smooth stucco provides an excellent surface for a mural, adding unique visual appeal. This property presents a fantastic opportunity for a business seeking a prominent location in historic downtown Mesa. The entire building is available for lease.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
CONCRETE
Total area
2,248 SF
Lot
0.16 ac (6,768 SF)
Zoning code
C-TC
APN
138-27-094A
UPID
US07-1768207
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
55 Gallon Drums Mesa Big Box & Wholesale Store Factory
-
Cox Printing Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$600k
Owner & transaction history
Jeffrey L Cein · 9 yrs held
Jeffrey L Cein
since 2017
5 recorded transactions
Zoning & alternative use
C-TC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$990,000
+71.0%
Neighborhood: shopping center
$700,000
+20.8%
Office building
$675,000
+16.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +71% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +21% · Conversion: Moderate
OFFICE BUILDING
$675,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$590,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$267 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,038
Tax year 2023
Assessed value
$67,375
Assessed 2024
Previous assessed
$65,790
+2.4% YoY
Effective rate
7.48%
On assessed value
Land market value
$139,800
Improvement market value
$268,535
Total market value
$408,335
Applied tax rate
41,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
2
Units
3
Total area
2,248 SF
Lot
0.16 ac (6,768 SF)
Zoning code
C-TC
APN
138-27-094A
UPID
US07-1768207
Jurisdiction
MARICOPA
Zoning & alternative use
C-TC · Mesa, AZZoning C-TC · permitted uses
C-TC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
OFFICE BUILDING
Est. value
$675,000
MEDICAL BUILDING
Est. value
$590,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Buildings
3
Units
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Jeffrey L Cein
Individual
Free & Clear · 9 yrs held
Mailing address
2048 E FOUNTAIN ST, MESA, AZ 85213-5215
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2017
$62,500
Jeffrey L Cein
Con,bruce & Linda Trust
Grant Deed
—
Dec 31, 2015
$62,500
Jeffrey L Cox
Cox,bruce & Linda Trust
Grant Deed
—
Jan 4, 2013
$62,500
Jeffrey L Cox
Cox Bruce & Linda Trust
Grant Deed
—
Dec 28, 2012
$62,500
Jeffrey L Cox
Cox Bruce & Linda Trust
Grant Deed
related
—
May 19, 2008
—
Cox Bruce & Linda Family Trust
Cox,maxwell B JR & Linda G
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
