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Property profile & analytics
OFF-MARKET Estimated value $1,935,000
Strip malls

361 Lindsay Rd Mesa, AZ 85204-1500

8,920 SF 0.93 ac lot Built 1987
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US07-0300934
Property summary
AI-generated overview

This exceptional single-tenant retail property, known as Catty Corner Plaza, presents a compelling investment opportunity. Located in Mesa, Arizona, this 2,000 square foot building sits on a 0.93-acre lot, offering ample space for a variety of retail uses. Constructed in 2004, the property is classified as Class C and features a single-story building. Its strategic location at a busy intersection on Broadway, coupled with the proximity to a grocery store, ensures high foot traffic and excellent visibility. The property's zoning is designated as C-G, and the Assessor's Parcel Number (APN) is 140-27-022B. While currently designated for retail use, potential buyers are advised to verify permitted uses with the City of Mesa. The site boasts adequate parking, making it convenient for both customers and employees. This property is an ideal choice for entrepreneurs seeking a well-positioned retail space in a high-traffic area. The single-tenant occupancy provides simplicity and control, while the substantial land area offers potential for future expansion or development. This is a rare opportunity to acquire a well-located retail property in a thriving Mesa commercial district. Interested parties should conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 8,920 SF
Lot 0.93 ac (40,362 SF)
Zoning code LC
APN 140-27-022B
UPID US07-0300934
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
  • Primo Water Refill Big Box & Wholesale Store
  • Auto Title Loans USA Loan Service
  • Sun Sweet Spa Alternative Medicine Practice Spa & Massage Center
  • Alans Beer & Wine (Bike/Boat/Book/etc) Store Bar & Pub
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$1.94M
Owner & transaction history
Standard Insurance Company · 2 yrs held
Standard Insurance Company
since 2023
7 recorded transactions
2023
Price N/A
2000
$700,000
1999
Price N/A
1991
$360,000
1988
$1.1M
1988
$425,277
1969
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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