Property profile

1906 N Higley Rd Mesa, AZ 85205

FOR SALE
Retail space
Property ID
US07-0589767
3,450 SF 0.49 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 3,450 SF
1906 N Higley Rd, Mesa, AZ 85205
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Property summary

AI-generated overview

This exceptional 3,750 square foot office building, located at 1906 N Higley Rd in Mesa, Arizona (zip code 85205, Maricopa County), presents a lucrative investment opportunity. Built in 2006 and extensively renovated in 2023, this single-story building boasts a modern design and high-quality finishes. The property is zoned L1 and features nine individual units, currently operating at 65% occupancy. The asking price is $1,150,000, translating to a price per square foot of $360. The net rentable area is 3,750 square feet, spread across a single building. The current owner occupies approximately 2,000 square feet, utilizing the space for their real estate and software businesses. Convenient amenities for tenants include a shared conference room and a common kitchen area equipped with a refrigerator and microwave. This property offers a blend of established tenancy and potential for increased revenue through lease-up of the vacant units. The property's strategic location in Mesa, Arizona, ensures easy access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable market. The APN is 141-35-048.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction CONCRETE
Total area 3,450 SF
Lot 0.49 ac (21,523 SF)
Zoning code I-1
APN 141-35-048
UPID US07-0589767

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
  • Construction Company General Contractor
  • Construction Company General Contractor
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

1906 N Higley Rd Mesa, AZ 85205
Mesa metro Census 420215 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
$1.03M
Blend (final) Blend
$705k

Owner & transaction history

since 2025
Last sale
$735,000
7 recorded transactions
2025
$735,000
2023
$610,000
2021
$545,000
2019
Price N/A
2019
Price N/A
2019
Price N/A
2010
$500,887

Zoning & alternative use

I-1 · Mesa, AZ
Top alternative use upside
Neighborhood: shopping center $1.1M +18.8%

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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