Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1947 Lindsay Rd Mesa, AZ 85213-3012

    • Strip malls
    • 8,130 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $2,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0590515
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vito’s Pizza & Italian Ristorante / Italian Restaurant / Caterer
    • Pinewood Derby Track Rentals / Car Racing Track
    • Hawkins & Hawkins / Legal Services
    • Rebate Auto Glass / Auto Glass Shop / Auto Glass Repair Service
    • Bonvue Window Coverings / Window Installation Service / Blinds Shop

    Property Details for 1947 Lindsay Rd

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Property size
    8,130 SF
    Zone code
    LC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    141-14-003W
    APU
    14114003W

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,051,000
      Market price range: $1.08M - $5.35M
      AI Estimate
      $2,814,000
      Market price range: $1.08M - $4.99M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,530,000
      Current use
      AUTO REPAIR, GARAGE
      $3,580,000
      Change: +41% Conversion: Difficult
      RETAIL STORES
      $2,130,000
      Change: -16% Conversion: Easy
      MEDICAL BUILDING
      $2,130,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.77
    Latitude
    33.4511
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,861
    $0.00
    $0.00
    $332,911
    -
    $587,100
    $1,430,541
    $2,017,641

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      415 Val Vis Dr

      SHOPPING CENTER, STRIP CENTER • 0.08 Acres
      415 Val Vis Dr, Mesa, AZ 85213-7058
      View Details
    • Value Estimation
      $1,275,000
      9,595 SF

      454 Lindsay Rd

      SHOPPING CENTER, STRIP CENTER • 9,595 SF
      454 Lindsay Rd, Mesa, AZ 85213-7708
      View Details
    • Value Estimation
      $1,750,000
      13,043 SF

      3049 Mckellips Rd

      SHOPPING CENTER, STRIP CENTER • 13,043 SF
      3049 Mckellips Rd, Mesa, AZ 85213-3144
      View Details
    • Value Estimation
      $1,325,000
      4,720 SF

      2815 University Dr

      SHOPPING CENTER, STRIP CENTER • 4,720 SF
      2815 University Dr, Mesa, AZ 85213-8739
      View Details
    • Value Estimation
      $4,090,000
      15,400 SF

      2729 Main St

      SHOPPING CENTER, STRIP CENTER • 15,400 SF
      2729 Main St, Mesa, AZ 85213-9228
      View Details
    • Value Estimation
      $1,715,000
      2,700 SF

      2650 University Dr

      SHOPPING CENTER, STRIP CENTER • 2,700 SF
      2650 University Dr, Mesa, AZ 85213-8475
      View Details

    Similar Nearby for Sale

    • $2,175,000
      750 SF

      New Drive-Thru Coffee Shop

      New construction drive-thru coffee shop with long-term corporate lease.
      2959 E Mckellips Rd, Mesa, AZ 85213
      View Details
    • Contact for pricing
      750 SF

      Mesa Retail Space Available

      Retail space available for sale in Mesa, Arizona.
      2937 E Mckellips Rd, Mesa, AZ 85213
      View Details
    • $4,200,000
      389,426 SF

      Mesa Land Investment Opportunity

      24,610 SF land parcel in thriving Mesa, Arizona.
      1550 N Val Vista Dr, Mesa, AZ 85213
      View Details
    • $4,181,211
      1.30 Acres

      Mesa Office Investment Opportunity

      NNN Lease, High-Traffic Location, Excellent ROI
      2610 University Dr, Mesa, AZ 85213
      View Details
    • $4,181,211
      17,760 SF

      Mesa Office Building Investment

      17,760 SF Executive Office, 7.14% Cap Rate
      2610 University Dr, Mesa, AZ 85213
      View Details
    • Contact for pricing
      108,000 SF

      Mesa Industrial Land Available

      12.84 acres of M-2 zoned industrial land for sale.
      3336 E Thomas Rd, Mesa, AZ 85213
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,228 SF

      Retail Space in Mesa, Arizona

      Neighborhood strip center with end cap and freestanding restaurant building.
      2729 E Main St, Mesa, AZ 85213
      View Details
    • $18 SF/Yr
      1,500 SF

      Retail Space in North Mesa

      Inline retail suite in established North Mesa shopping center.
      2650-2706 E University Dr, Mesa, AZ 85213
      View Details
    • Contact for pricing
      1,532 SF

      Retail Space in Mesa Center

      Walmart-anchored retail spaces available at Lindsay Rd & McKellips Rd.
      2727 E Mckellips Rd, Mesa, AZ 85213
      View Details
    • Contact for pricing
      3,381 SF

      Retail Space with Drive-Thrus

      Retail spaces available with drive-thru, anchored by major retailers.
      2840-2860 E Main St, Mesa, AZ 85213
      View Details
    • $14 SF/Yr
      2,856 SF

      Retail Space on McKellips Road

      Prime retail space in high-traffic, high-income area.
      2858-2860 E Mckellips Rd, Mesa, AZ 85213
      View Details
    • Contact for pricing
      130,545 SF

      Main & Lindsay Retail Center

      Mesa, AZ: Prime Retail Space Available
      2840 Main St, Mesa, AZ 85213
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1947 Lindsay Rd
    Mesa, AZ 85213-3012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.