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    Property profile & analytics

    2051 S Dobson Rd Mesa, AZ 85202

    • Strip malls
    • 16,867 SF
    • 0.55 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1157685
    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

    • Estrella Insurance #225 / Insurance Agency
    • Baby Kay's Cajun Kitchen / Restaurant
    • Ninja Cuts Barbershop / Barber Shop
    • Polish and Pamper / Nail Salon
    • Smart Start Ignition Interlock / Building Supply / General Contractor

    Property Details for 2051 S Dobson Rd

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    0.55 lot acres
    Property size
    16,867 SF
    Zone code
    LC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    305-05-566B
    APU
    30505566B

    Description

    This exceptional retail property, located at 2051 S. Dobson Rd in Mesa, Arizona (zip code 85202), offers two immediately available commercial spaces ideal for a variety of businesses. The entire building encompasses 950 square feet, currently vacant and ready for occupancy. Each suite is designed for a seamless transition, offering a turn-key solution for prospective tenants. One space measures approximately 750 square feet, while the other is approximately 1,000 square feet. The property is classified as retail and is situated in Maricopa County. This prime location provides excellent visibility and accessibility for customers. The property's versatile layout makes it suitable for a range of retail uses. The building is in excellent condition and ready for immediate occupancy. The address is easily accessible from major roadways, ensuring high traffic flow and convenient access for both customers and employees. This is a fantastic opportunity for businesses seeking a move-in ready space in a thriving Mesa location. The property is zoned for commercial retail use. Serious inquiries are encouraged to explore this exceptional opportunity. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,676,000
      Market price range: $1.68M - $3.20M
      AI Estimate
      $1,676,000
      Market price range: $1.68M - $3.20M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,270,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.878
    Latitude
    33.377
    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
    $16,453
    $0.00
    $0.00
    $226,958
    -
    $413,800
    $961,700
    $1,375,500

    Comparable in this City

    • Value Estimation
      $1,320,000
      9,000 SF

      1951 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      1951 Baseline Rd, Mesa, AZ 85202-9002
      View Details
    • Value Estimation
      $2,265,000
      14,640 SF

      1955 Baseline Rd Ste, Unit 105

      SHOPPING CENTER, STRIP CENTER • 14,640 SF
      1955 Baseline Rd Ste, Mesa, AZ 85202-9003
      View Details
    • Value Estimation
      $3,720,000
      19,600 SF

      1911 Broadway Rd

      SHOPPING CENTER, STRIP CENTER • 19,600 SF
      1911 Broadway Rd, Mesa, AZ 85202-1138
      View Details
    • Value Estimation
      $1,020,000
      5,400 SF

      1305 Guadalupe Rd

      SHOPPING CENTER, STRIP CENTER • 5,400 SF
      1305 Guadalupe Rd, Mesa, AZ 85202-9127
      View Details
    • Value Estimation
      $1,665,000
      11,300 SF

      2651 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 11,300 SF
      2651 Baseline Rd, Mesa, AZ 85202-5458
      View Details
    • Value Estimation
      $3,130,000
      18,000 SF

      535 Dobson Rd

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      535 Dobson Rd, Mesa, AZ 85202-1834
      View Details

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      View Details
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    Mesa, AZ 85202
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    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
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