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Property profile & analytics
OFF-MARKET Estimated value $4,870,000
Drug stores

2807 Power Rd Mesa, AZ 85215-1728

11,415 SF 1.85 ac lot Built 2004
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US07-2668121
Property summary
AI-generated overview

This vacant 11,415-square-foot retail building, formerly a CVS Pharmacy, presents a unique investment opportunity in Mesa, Arizona. Situated on a prominent 1.85-acre northeast corner lot at the intersection of Power Road and McDowell Road, this freestanding building benefits from exceptional visibility and high traffic counts. Its strategic location offers easy access to the Loop 202 freeway, ensuring convenient access for customers. The property includes 55 parking spaces and a convenient drive-thru on the south side, catering to diverse customer needs. The building's layout is typical of a large pharmacy/department store, offering ample space for various retail uses. The property boasts excellent co-tenancy with established businesses such as Albertsons, Bashas, Big 5 Sporting Goods, Starbucks, and Goodwill, creating a strong retail synergy. Located within the affluent North Mesa trade area, this property is surrounded by several upscale master-planned communities, guaranteeing a high-income demographic. This presents a compelling opportunity for a savvy investor or retailer seeking a well-positioned space in a thriving market. The property is vacant and ready for immediate occupancy.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2004
Construction CONCRETE
Total area 11,415 SF
Lot 1.85 ac (80,697 SF)
Zoning code LC
APN 219-19-739
UPID US07-2668121
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • MoneyGram Bank Credit Union
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.88M
Blend (final) Blend
$4.87M
Owner & transaction history
Eck 47 Mcdowell Power LLC · 7 yrs held
Eck 47 Mcdowell Power LLC
since 2018
5 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug store…

Zone name Limited Commercial
General category COMMERCIAL
Zone area 4,253.61 ac
Source code of ordinances
Top alternative use upside
Commercial (general) $7.3M +144.8%
Restaurant $7.3M +144.2%
Auto repair, garage $5.0M +68.1%
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