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    4815 E Main St Mesa, AZ 85205
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    Property profile & analytics

    4815 E Main St Mesa, AZ 85205

    View on Map
    • Turn key restaurants
    • 3,614 SF
    • 2.38 lot acres
    For Lease
    $4,275,000
    View Listing →
    Restaurant Spaces For Lease For Lease
    $4,275,000

    Restaurant Spaces For Lease

    Restaurant spaces available for lease in Mesa, Arizona.

    4815 E Main St, Mesa, AZ 85205
    View Listing
    Property ID
    US07-3375634
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • THE CBD STORE MESA / Alternative Medicine Practice
    • The Tree for Life / (Bike/Boat/Book/etc) Store / Pharmacy
    • CoinFlip Bitcoin ATM / Business To Business Service / Commercial Agent
    • Main Street Plaza / Shopping Center & Mall
    • transafrican food store / African Goods Store

    Property Details for 4815 E Main St

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    2.38 lot acres
    Property size
    3,614 SF
    Zone code
    LC
    Property type
    Turn key restaurants
    APN
    140-34-862B
    APU
    14034862B

    Description

    Main Street Plaza, located at 4815 E Main St, Mesa, AZ 85205, presents a compelling investment opportunity in the thriving Red Mountain/Mesa Ret submarket. This multi-tenant commercial property boasts a total of 31,888 square feet, with 4,336 square feet currently available for lease. The property is zoned C-2 by the City of Mesa and sits on a generous 2.34-acre lot (APN: 140-34-862B, Maricopa County). Ideal for retail or restaurant use, this space offers significant potential for businesses seeking high visibility and accessibility. The property's location on Main Street ensures excellent exposure to a large volume of daily traffic. The available 4,336 square feet provides ample room for a variety of business concepts. This is a rare opportunity to secure a prominent location in a dynamic and growing area of Mesa, Arizona. The property's size and zoning provide flexibility for a range of uses, making it an attractive option for both established businesses and new ventures. Interested parties are encouraged to explore the possibilities this exceptional property offers. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,275,000
      Market price range: $954k - $4.28M
      AI Estimate
      $4,275,000
      Market price range: $911k - $4.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.727
    Latitude
    33.4151
    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
    $32,668
    $0.00
    $0.00
    $675,458
    -
    $883,000
    $3,210,687
    $4,093,687

    Comparable in this City

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    • Value Estimation
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      6320 Main St

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      430 Power Rd

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    • Value Estimation
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      1902 Higley Rd

      RESTAURANT • 1,350 SF
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    • Value Estimation
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      1150 Higley Rd

      RESTAURANT • 5,255 SF
      1150 Higley Rd, Mesa, AZ 85205-5300
      View Details
    • Value Estimation
      $850,000
      5,190 SF

      4906 Main St

      RESTAURANT • 5,190 SF
      4906 Main St, Mesa, AZ 85205-8011
      View Details

    Similar Nearby for Sale

    • $1,600,000
      5,190 SF

      Turnkey Restaurant with Patio

      Fully equipped restaurant ready for immediate operation with exterior patio.
      4906 E Main St, Mesa, AZ 85205
      View Details
    • $934,000

      Mesa Retail Space with Drive-Thru

      Versatile property with drive-thru, prime location, and high visibility.
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      View Details
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      Freestanding Drive-Thru Restaurant For Sale

      Freestanding drive-thru restaurant on Main Street available for sale.
      6339 E Main St, Mesa, AZ 85205
      View Details
    • $3,085,000
      6,600 SF

      Mesa Retail Investment Opportunity

      Retail property with established tenants in Mesa, Arizona.
      1325 N Greenfield Rd, Mesa, AZ 85205
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    • Contact for pricing
      30,000 SF

      Freestanding Retail Building on Main

      30,000 SF retail building on 2.7 AC for sale.
      4517 E Main St, Mesa, AZ 85205
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    • $2,100,000
      6,130 SF

      Mesa Warehouse with Automotive Use

      6,130 SF warehouse with yard and automotive use permit.
      1913 N Rosemont, Mesa, AZ 85205
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Spaces For Lease

      Restaurant spaces available for lease in Mesa, Arizona.
      4815 E Main St, Mesa, AZ 85205
      View Details
    • Contact for pricing
      1,558 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru available for lease.
      4450 E Brown Rd, Mesa, AZ 85205
      View Details
    • Contact for pricing

      Mesa Retail/Office Space Available

      Retail and office spaces with monument signage and high visibility.
      1135 N Recker Rd, Mesa, AZ 85205
      View Details
    • $13 SF/Yr
      19,292 SF

      Mesa Retail Space For Lease

      Retail spaces available for lease in Mesa, Arizona.
      6020-6060 E Brown Rd, Mesa, AZ 85205
      View Details
    • Contact for pricing
      900 SF

      Retail Spaces Near Future ALDI

      Retail spaces available near US 60 and Loop 202.
      4419 E Main St, Mesa, AZ 85205
      View Details
    • Contact for pricing

      Retail Center on Recker Road

      Multi-tenant retail center with monument signage and vanilla shell construction.
      1118 N Recker Rd, Mesa, AZ 85205
      View Details
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    Mesa, AZ 85205
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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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