Property profile

5846 Mckellips Rd Mesa, AZ 85215

OFF-MARKET
Strip malls
Property ID
US07-0437295
6,964 SF 0.84 ac lot Built 2001
Entity Owned 24-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located on McKellips Road, offers 2,286 square feet of vacant space within a larger 6,964 square foot building. Built in 2001, the single-story structure is in excellent condition and boasts a desirable endcap location providing unparalleled visibility and exposure to high traffic volume. The property sits on a generous 36,400 square foot lot, offering ample space for customer parking and potential future expansion. The single-tenant occupancy presents a unique opportunity for a business seeking a prominent location with high foot traffic. The property's modern design and excellent condition minimize upfront capital expenditures, allowing for immediate occupancy and business operations. The convenient location and high visibility make this an ideal space for a variety of retail businesses seeking to establish a strong presence in a thriving commercial area. The property's Assessed Parcel Number (APN) is 141-43-987. This is a rare opportunity to secure a prime retail space in a highly desirable location. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction CONCRETE
Total area 6,964 SF
Lot 0.84 ac (36,400 SF)
Zoning code LC
APN 141-43-987
UPID US07-0437295

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Ophthalmologist
  • Physician
  • Physician
  • Clothing & Fashion Store

Location

5846 Mckellips Rd Mesa, AZ 85215-2796
Mesa metro Census 420206 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$1.31M

Owner & transaction history

since 2001
1 recorded transaction
2001
$1.4M

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.1M +41.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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