Property profile

1356 S Gilbert Rd Mesa, AZ 85204

FOR LEASE
Strip malls
Property ID
US07-1728811
20,370 SF 0.75 ac lot Built 1981
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail investment opportunity is located in the thriving Mesa, Arizona market at 1356 S Gilbert Rd, zip code 85204. The property, known as Mesa South Center, is a well-maintained strip center boasting a total of 134,253 square feet situated on a substantial 754,769 square foot lot in Maricopa County. Currently, there are five available spaces ranging in size from a minimum of 1,000 square feet to a maximum of 4,850 square feet, providing flexibility for a variety of retail tenants. The property's prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and strong brand exposure. Its strategic placement off Gilbert Road ensures convenient access for customers and employees alike. The multiple tenancy structure presents a diversified income stream, enhancing the overall investment value. This property represents a compelling opportunity for investors seeking a strong return in a dynamic retail market. The property's size and location make it a highly desirable asset for both established businesses and new ventures. Detailed financial information is available upon request.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1981
Construction CONCRETE
Total area 20,370 SF
Lot 0.75 ac (32,757 SF)
Zoning code LC
APN 139-08-450
UPID US07-1728811

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Physician
  • Cafe & Coffee Shop Take-out & Catering
  • Physician
  • Physician

Location

1356 S Gilbert Rd Mesa, AZ 85204
Mesa metro Census 422302 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
$2.74M
Blend (final) Blend
$680k

Owner & transaction history

since 2023
7 recorded transactions
2023
$15.0M
2019
Price N/A
2016
Price N/A
2006
$17.0M
1999
$9.4M
1999
Price N/A
1994
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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