Technical
Financial
Distress signals
Property profile

6025 E Mckellips Rd Mesa, AZ 85215

FOR LEASE
Strip malls
Property ID
US07-3271852
7,920 SF 1.29 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 17,460-square-foot retail center, situated at 6025 E McKellips Rd, Mesa, AZ 85215, presents a compelling investment opportunity. The property, built in 1995 and renovated in 2024, boasts a Class B designation and comprises a single, one-story building with 14 suites. Currently, 900 square feet of space is available, divisible into units ranging from a minimum of 800 square feet to a maximum contiguous space of 900 square feet. The center sits on 1.1 acres of land and offers ample parking with 55 spaces. Its strategic location along McKellips Road and Recker Road, conveniently near Loop 202, ensures high visibility and accessibility. The property benefits from strong surrounding tenancy, including established businesses such as Pizza Hut, a nail salon, Fry's, Sherwin Williams, and Circle K. Furthermore, its proximity to a newly approved multifamily project currently under construction (anticipated completion in 2025) promises increased foot traffic and enhanced value. The property is zoned C2 and offers a rare chance to acquire a well-maintained retail center in a thriving Mesa submarket. This is an ideal opportunity for investors seeking a stable, high-growth potential investment in a prime location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction CONCRETE
Total area 7,920 SF
Lot 1.29 ac (56,201 SF)
Zoning code LC
APN 141-65-005K
UPID US07-3271852

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
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Medical Clinic
  • Veterinary Clinic

Location

6025 E Mckellips Rd Mesa, AZ 85215
Mesa metro Census 420210 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M

Owner & transaction history

since 2024
Last sale
$2.4M
7 recorded transactions
2024
$2.4M
2015
$1.4M
2006
$2.9M
2004
Price N/A
2004
$2.2M
1969
Price N/A
1969
Price N/A

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 $3.5M +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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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