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    2344 E Baseline Rd Mesa, AZ 85204
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    2344 E Baseline Rd Mesa, AZ 85204

    View on Map
    • Auto shops
    • 3,604 SF
    • 0.99 lot acres
    For Lease
    $2,450,000
    View Listing →
    Mesa Retail Space For Rent For Lease
    $2,450,000
    2,800 SF

    Mesa Retail Space For Rent

    Retail suite in Mesa Shores Shopping Center available for lease.

    2344 E Baseline Rd, Mesa, AZ 85204
    View Listing
    Property ID
    US07-1347573
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All Pro Barber Shop / Barber Shop
    • Brake Masters #151 / Auto Repair Shop
    • TheWrightPc / Computer & Electronic Repair
    • Red Mountain Carpet & Tile / General Contractor / Renovation Specialist
    • Local Liquidators / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 2344 E Baseline Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    0.99 lot acres
    Property size
    3,604 SF
    Zone code
    LC
    Property type
    Auto shops
    APN
    140-62-310
    APU
    14062310

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,449,000
      Market price range: $790k - $2.45M
      AI Estimate
      $2,449,000
      Market price range: $760k - $2.45M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,590,000
      Current use
      COMMERCIAL (GENERAL)
      $2,315,000
      Change: +46% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.783
    Latitude
    33.3795
    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
    $20,596
    $0.00
    $0.00
    $284,144
    -
    $655,900
    $1,066,188
    $1,722,088

    Comparable in this City

    • Value Estimation
      $580,000
      2,688 SF

      518 Broadway Rd

      AUTO REPAIR, GARAGE • 2,688 SF
      518 Broadway Rd, Mesa, AZ 85204-2022
      View Details
    • Value Estimation
      $1,780,000
      6,170 SF

      934 Southern Ave Ste, Unit 103

      AUTO REPAIR, GARAGE • 6,170 SF
      934 Southern Ave Ste, Mesa, AZ 85204-5047
      View Details
    • Value Estimation
      $520,000
      2,100 SF

      641 Broadway Rd

      AUTO REPAIR, GARAGE • 2,100 SF
      641 Broadway Rd, Mesa, AZ 85204-2064
      View Details
    • Value Estimation
      $4,425,000
      20,585 SF

      418 Baseline Rd

      AUTO REPAIR, GARAGE • 20,585 SF
      418 Baseline Rd, Mesa, AZ 85204-6502
      View Details
    • Value Estimation by Request
      1,344 SF

      1937 Broadway Rd

      AUTO REPAIR, GARAGE • 1,344 SF
      1937 Broadway Rd, Mesa, AZ 85204-2417
      View Details
    • Value Estimation
      $640,000
      944 SF

      747 Southern Ave

      AUTO REPAIR, GARAGE • 944 SF
      747 Southern Ave, Mesa, AZ 85204-4926
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,560 SF

      Mesa Auto Shop with Lifts

      Auto shop with lifts, secured yard, and prime location.
      746-748 W Southern Ave, Mesa, AZ 85204
      View Details
    • $1,947,500

      Mesa NNN Leased Investment Opportunity

      NNN leased investment opportunity in Central Mesa, Arizona.
      1559 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Mesa Retail Power Center

      Dominant power center location in Mesa, Arizona.
      1955 S Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Freestanding Drive-Thru Restaurant Opportunity

      Freestanding drive-thru restaurant on a 0.80 acre lot.
      2033 E Southern Ave, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Prime Retail Location on Stapley

      Excellent street visibility and daily traffic in a dynamic location.
      1920 S Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Mesa Retail Space Available

      Highly visible retail space in Mesa, Arizona, for sale.
      1245 East Southern Ave, Mesa, AZ 85204
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Mesa Center

      Retail space available in dual grocery anchored shopping center.
      2050 E Baseline Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space with Excellent Visibility

      Retail space with high visibility and ample parking available for rent.
      3460 E Southern Ave, Mesa, AZ 85204
      View Details
    • Contact for pricing
      2,208 SF

      Mesa Retail Space Available

      Retail space for rent in Mesa, Arizona.
      1214 W Baseline Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Prime Retail Space in Gilbert

      High-traffic location ideal for retail, service, or restaurant businesses.
      1961 S Val Vista Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Near Southern & Val Vista

      Retail space available near Southern and Val Vista in Mesa.
      3550 E Southern Ave, Mesa, AZ 85204
      View Details
    • Contact for pricing

      Baseline Road Retail Pad Available

      Retail pad site available on Baseline Road.
      2252 E Baseline Rd, Mesa, AZ 85204
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      634
    • Avg Time on site
      25 min
    View Listing
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    2344 E Baseline Rd
    Mesa, AZ 85204
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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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