2909 S Dobson Rd, Mesa, AZ 85202
- Strip malls
- 24,288 SF
- 1.79 lot acres
Current Use by Public Records
- Armored Academy of Arizona / Gym & Fitness Center
- Ban Chan / Restaurant
- fresenius medical care-north america / Medical Billing Service
- Mordhau Historical Combat / Training Center / Sports School
- Rehoboth African Market / Grocery & Convenience Store / Food Market
Property Details for 2909 S Dobson Rd
- Year built
- 1987
- Construction
- CONCRETE
- Lot size
- 1.79 lot acres
- Zone code
- LC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 302-78-855A
- APU
- 30278855A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 25, 2025 | $5,130,000 | Gendell Partners 159th & Lagrange L | Bing K Wong | Special Warranty Deed | $3.9M · The Huntington National Bank |
| Oct 13, 2005 | $4,275,000 | Bing K Wong | Dobbs Plaza LLC | Grant Deed | $3.2M · Midfirst Bank State Savings Bk |
| Nov 16, 1998 | — | Dobbs Plaza LLC | — | Deed Of Trust · related | $1.7M · Principal Commercial Funding |
| Mar 21, 1997 | $1,405,000 | Plaza L L C Dobbs | Colony Mb Partners | Grant Deed | $800k · Seller |
| Apr 30, 1987 | — | Southwest In Src | — | Deed Of Trust · related | — |
Description
Dobbs Plaza, a prime retail investment opportunity in Mesa, Arizona, is now available for purchase. This exceptional property boasts 31,828 square feet of 100% occupied space, distributed across two single-story buildings situated on a 2.55-acre lot. The property features a strong tenant roster, including popular local businesses such as Bisbee Breakfast and Dobson Ranch Animal Hospital, ensuring consistent cash flow. The current Net Operating Income (NOI) stands at $390,981, yielding a 7.00% capitalization rate. The asking price is $5,585,443, translating to $217.64 per square foot. Located at 2909-2917 S Dobson Rd, Mesa, AZ 85202, this shopping center benefits from high visibility along Dobson Road, with a daily traffic count of 26,700 vehicles. The property is zoned LC - Limited Commercial and offers abundant parking and prominent building/monument signage opportunities. The lease type is NNN (Triple Net), spread across nine co-tenants, minimizing landlord responsibilities. This presents a value-add opportunity with potential for future growth and increased profitability. Easy access to Loop 101 and US 60 further enhances its strategic location and accessibility. The property's APN is 302-78-854A & 855A.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,840,000
- 6.5%
- $3,545,000
- 7%
- $3,290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,471,000
- AI Estimate
- $3,471,000
Market price range: $2.41M - $4.61MMarket price range: $2.41M - $4.61M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,270,000 Current use
- RETAIL STORES
- $6,365,000 Change: +95% Conversion: Easy
- MEDICAL BUILDING
- $6,360,000 Change: +95% Conversion: Difficult
- OFFICE BUILDING
- $4,180,000 Change: +28% Conversion: Moderate
- WAREHOUSE, STORAGE
- $4,105,000 Change: +26% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.876
- Latitude
- 33.3621
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
