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    Property profile & analytics

    2828 S Country Club Dr Mesa, AZ 85210

    • Strip malls
    • 9,040 SF
    • 2.00 lot acres
    For Sale
    View listing
    $5,000,000
    Last Sale
    Apr 15, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0012959
    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

    • Oil Buddy / Auto Repair Shop
    • Sahuaro's Taco Shop / Restaurant
    • Universal Cuts & Design / Barber Shop
    • High Maintenance Beauty Salon / Hair Salon / Nail Salon
    • Country Club Custom Automotive / Auto Repair Shop

    Property Details for 2828 S Country Club Dr

    Year built
    1991
    Lot size
    2.00 lot acres
    Property size
    9,040 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    302-77-001G
    APU
    30277001G

    Description

    This exceptional retail property, located at 2828 S Country Club Dr in Mesa, Arizona (zip code 85210), offers 18,461 square feet of commercial space with multiple tenancy options. The property sits on a 2-acre lot and boasts excellent visibility and accessibility, situated near the intersection of Hwy 87 and US Hwy 60. Currently, 12,655 square feet of space is available, divisible into units as small as 200 square feet, with a maximum contiguous space of 9,755 square feet. The property includes a fully operational car wash, ready for immediate revenue generation. This prime location benefits from a high-density population, with over 145,000 residents within a 3-mile radius, and is surrounded by a thriving retail environment. Its proximity to Downtown Mesa, Downtown Chandler, and Downtown Gilbert provides easy access to a diverse customer base and significant foot traffic. This is an unparalleled opportunity for businesses seeking high visibility and a strong presence in a rapidly growing area of Maricopa County. The property's strategic location and existing car wash make it an ideal investment for both established businesses and new ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,946,000
      Market price range: $1.20M - $5.95M
      AI Estimate
      $5,484,000
      Market price range: $1.20M - $5.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,800,000
      RESTAURANT
      $5,785,000
      AUTO REPAIR, GARAGE
      $3,985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.843
    Latitude
    33.3635
    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
    $38,982
    $0.00
    $0.00
    $648,782
    -
    $2,175,700
    $1,756,313
    $3,932,013

    Comparable in this City

    • Value Estimation
      $3,020,000
      4,750 SF

      1262 Country Clb Dr

      SHOPPING CENTER, STRIP CENTER • 4,750 SF
      1262 Country Clb Dr, Mesa, AZ 85210-5142
      View Details
    • Value Estimation
      $4,510,000
      12,610 SF

      1130 Grv Ave

      SHOPPING CENTER, STRIP CENTER • 12,610 SF
      1130 Grv Ave, Mesa, AZ 85210-4943
      View Details
    • Value Estimation
      $1,605,000
      8,520 SF

      550 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 8,520 SF
      550 Baseline Rd, Mesa, AZ 85210-6031
      View Details
    • Value Estimation
      $5,785,000
      18,196 SF

      2711 Alma School Rd

      SHOPPING CENTER, STRIP CENTER • 18,196 SF
      2711 Alma School Rd, Mesa, AZ 85210-4022
      View Details
    • Value Estimation
      $1,015,000
      6,900 SF

      760 Alma School Rd

      SHOPPING CENTER, STRIP CENTER • 6,900 SF
      760 Alma School Rd, Mesa, AZ 85210-1074
      View Details
    • Value Estimation
      $9,615,000
      16,440 SF

      303 Southern Ave

      SHOPPING CENTER, STRIP CENTER • 16,440 SF
      303 Southern Ave, Mesa, AZ 85210-5381
      View Details

    Similar Nearby for Sale

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      Mesa Shopping Center For Sale

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      Mesa Retail Property For Sale

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      Mesa Automotive Repair Facility

      Automotive repair facility with fenced lot and service bays.
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      Long-term NNN ground lease with corporate guaranty.
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in plaza anchored by Walmart Super Center.
      350 W Baseline Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing
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      Retail Space Available For Rent

      Retail space available near US-60 and Loop-101.
      2711 S Alma School Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing
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      Fry's Anchored Shopping Center Space

      Neighborhood shopping center anchored by Fry's Food & Drug.
      542 West Baseline Rd, Mesa, AZ 85210
      View Details
    • $20 SF/Yr
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      Retail Space in Mesa Center

      Well-maintained 22,224 SF shopping center near US-60.
      1130 W Grv Ave | Mesa, Mesa, AZ 85210
      View Details
    • $27 SF/Yr
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      Mesa Retail Space For Lease

      Retail space available near US-60, anchored by Ranch Market.
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      View Details
    • $27 SF/Yr
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      Mesa Retail Space For Lease

      Retail space available near US-60, anchored by Ranch Market.
      1116 E Southern Ave, Mesa, AZ 85210
      View Details
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    Mesa, AZ 85210
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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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