Financial
Distress signals
Property profile

255 E Southern Ave Mesa, AZ 85210

FOR LEASE
Outlet malls
Property ID
US07-0890883
25,523 SF 0.47 ac lot Built 1986
Last sale Dec 2021 · $3,125,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a retail site located on Southern Avenue in Mesa, Arizona, and is zoned C-2. It has frontage on Southern Avenue, a corridor with reported traffic volumes of over 33,000 vehicles per day.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value · 2024$243k
Effective rate8.28%

Value estimate

· Sep 2026
$3.10M
$2.79M – $3.40M
CAP approach$3.48M
Submarket $/SF estimate$3.10M
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 98,300.00% cap applied$12k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$258/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$121 – $386
Qualifying comparables4

Cap rate analysis

How does the asset earn?
98,300.00%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
To provide areas for limited manufacturing and processing, wholesaling, research, warehousing, and distribution activities take place wit...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency35.1
Pharmacy20.3
Restaurant18.9

Location

255 E Southern Ave Mesa, AZ 85210
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
333 Southern, Mesa, AZ 85210-5359 $5,885,000 Mar 2022 30,400 SF
1040 Country Clb, Mesa, AZ 85210-4643 $2,326,000 Aug 2021 9,216 SF
1357 Alma School, Mesa, AZ 85210-2085 $7,876,260 Jul 2020 24,840 SF
Mesa, AZ 85210 $7,876,260 Jul 2020 30,034 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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