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Property profile & analytics

5609 Mckellips Rd Mesa, AZ 85215-2874

  • Strip malls
  • 15,119 SF
  • 1.63 lot acres
OFF-MARKET
Last Sale
Jul 14, 2020
$6,850,000
Value Estimations
$5,425,000
Show details
Cap Rate Potential
2.6%
Strip malls
Location Intelligence
Property ID
US07-0538283
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

  • Pita Jungle / Family Restaurant / Greek Restaurant
  • Senti Bella Medical Salon / Medical Spa
  • Sunset Salon Suites / Beauty Salon
  • The Shoppes at Legacy House / Business Center / Shopping Mall
  • Capitol Guard / Security Guard Service

Property Details for 5609 Mckellips Rd

Year built
2006
Construction
STEEL FRAME
Lot size
1.63 lot acres
Property size
15,119 SF
Zone code
LC
Property type
Strip malls
Property subtype
Neighborhood centers
APN
141-44-739A
APU
14144739A

Description

This exceptional 1,375 square foot retail space is ideally situated in Maricopa County, zoned C-2, City of Mesa. The property boasts a single, vacant suite, offering immediate occupancy for a wide range of commercial ventures. Its strategic location directly northwest of the Boeing Corporation, a major employer with over 4,600 employees, and west of Falcon Field Airport (46 businesses, 1,800 employees), ensures high visibility and significant foot traffic. The surrounding area demonstrates strong demographics, with average household incomes exceeding $105,979 and over 76,293 people residing within a 3-mile radius. Further enhancing its appeal, the property is conveniently located near Mesa Community College (4,000+ students) and Red Mountain High School (3,400+ students), providing a substantial potential customer base. Easy access to the Red Mountain Freeway (within 1.5 miles in both directions) ensures excellent connectivity and accessibility for both employees and customers. This presents a unique opportunity for businesses seeking a high-traffic, well-established location with a strong potential for growth and success. The property is ready for immediate occupancy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $5,620,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $4,059,000
    Market price range: $2.01M - $9.95M
    AI Estimate
    $3,744,000
    Market price range: $2.01M - $9.28M
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $4,710,000
    Current use
    AUTO REPAIR, GARAGE
    $6,660,000
    Change: +41% Conversion: Difficult
    RETAIL STORES
    $3,965,000
    Change: -16% Conversion: Easy
    MEDICAL BUILDING
    $3,960,000
    Change: -16% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Mesa
County
Maricopa
State
Arizona
Longitude
-111.709
Latitude
33.4514
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
$29,309
$0.00
$0.00
$442,918
-
$809,300
$1,875,049
$2,684,349
More about this property
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