2651 Baseline Rd, Mesa, AZ 85202-5458
- Strip malls
- 11,300 SF
- 1.16 lot acres
Current Use by Public Records
- FURNITURE MEMORYZZZ / Furniture & Home Goods / Home Decor Store
- Botanical Rhapsody Organics (CBD Store) / (Bike/Boat/Book/etc) Store
Property Details for 2651 Baseline Rd
- Year built
- 1978
- Construction
- CONCRETE
- Lot size
- 1.16 lot acres
- Zone code
- LC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 305-08-019
- APU
- 30508019
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 20, 2020 | $1,437,500 | Sgrp2020 LLC | Btt LLC | Grant Deed | — |
| Jan 31, 2007 | $1,700,000 | Btt LLC | Crl Trust | Grant Deed | $1M · Crl Trust (tr) |
| Jan 31, 2007 | — | Crl Trust | Don Carlos Property LLC | Grant Deed | — |
| Mar 29, 1993 | — | Jvl Investment Company | Lee | Grant Deed · related | — |
| Dec 30, 1992 | — | Crl,trust | Lee | Grant Deed · related | — |
| — | — | Carlos Properties L L C Don | — | Deed Of Trust · related | — |
| — | — | Btt LLC | — | Deed Of Trust · related | $1M · Kinecta FCU |
| — | — | Btt LLC | — | Loan Modification · related | $1.3M · Kinecta FCU |
| — | — | Btt LLC | — | Loan Modification · related | $1.3M · Kinecta FCU |
Description
Don Carlos Plaza, located at 2651 W Baseline Rd in Mesa, Arizona (zip code 85202), presents a compelling investment opportunity. This single-story, 11,300 square foot neighborhood shopping center sits on a 1.16-acre lot and was constructed in 1985. The property's convenient location offers excellent visibility and accessibility, situated near the intersection of Loop 101 and Baseline Road, ensuring high traffic volume and exposure to a substantial customer base. Currently, there is one available retail space of 1,400 square feet, presenting a chance for expansion or a new tenant to join the existing businesses. The property's APN is 305-08-019, and it is located in Maricopa County. The building consists of a single structure with multiple tenants, making it an ideal investment for those seeking a diversified portfolio. This established center offers a strong foundation for future growth and profitability in a thriving Mesa market. The property's strategic location and existing infrastructure provide a solid base for immediate occupancy and long-term returns. Further details are available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,180,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,785,000
- 6.5%
- $1,650,000
- 7%
- $1,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,144,000
- AI Estimate
- $2,144,000
Market price range: $1.12M - $2.14MMarket price range: $1.12M - $2.14M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,520,000 Current use
- OFFICE BUILDING
- $1,945,000 Change: +28% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,910,000 Change: +26% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.892
- Latitude
- 33.3779
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA