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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6459 Southern Ave Mesa, AZ 85206-3709

    • Auto shops
    • 2,744 SF
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2022
    $2,700,000
    Value Estimations
    $2,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1204608
    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

    • Larry H. Miller Quick Lane Tire & Auto Center / Mechanic / Tire Shop

    Property Details for 6459 Southern Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    1.43 lot acres
    Property size
    2,744 SF
    Zone code
    LC
    Property type
    Auto shops
    APN
    141-54-034G
    APU
    14154034G

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,865,000
      Market price range: $601k - $1.87M
      AI Estimate
      $1,865,000
      Market price range: $579k - $1.87M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.691
    Latitude
    33.3935
    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
    $35,680
    $0.00
    $0.00
    $539,692
    -
    $1,557,600
    $1,713,261
    $3,270,861

    Comparable in this City

    • Value Estimation
      $3,020,000
      4,444 SF

      6055 Southern Ave

      AUTO REPAIR, GARAGE • 4,444 SF
      6055 Southern Ave, Mesa, AZ 85206-3619
      View Details
    • Value Estimation
      $10,325,000
      27,600 SF

      5620 Baseline Rd

      AUTO REPAIR, GARAGE • 27,600 SF
      5620 Baseline Rd, Mesa, AZ 85206-4713
      View Details
    • Value Estimation
      $4,430,000
      7,500 SF

      1357 Power Rd

      AUTO REPAIR, GARAGE • 7,500 SF
      1357 Power Rd, Mesa, AZ 85206-3703
      View Details
    • Value Estimation
      $7,235,000
      23,375 SF

      4134 Vly Auto Dr

      AUTO REPAIR, GARAGE • 23,375 SF
      4134 Vly Auto Dr, Mesa, AZ 85206-4601
      View Details
    • Value Estimation
      $2,345,000
      3,450 SF

      3720 Baseline Rd

      AUTO REPAIR, GARAGE • 3,450 SF
      3720 Baseline Rd, Mesa, AZ 85206-4408
      View Details
    • Value Estimation
      $735,000
      2,507 SF

      6757 Southern Ave

      AUTO REPAIR, GARAGE • 2,507 SF
      6757 Southern Ave, Mesa, AZ 85206-3738
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      155,254 SF

      Macy's Anchor Redevelopment Opportunity

      155,254 SF Retail Space, Mesa, AZ
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      Mesa Retail NNN Investment Opportunity

      NNN leased retail property in Mesa, Arizona for sale.
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      Mesa Retail Opportunity For Sale

      Retail property with high visibility and strong traffic counts.
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      9,500 SF

      Retail Space in Mesa Plaza

      Retail space available in Albertson's anchored shopping center.
      319 S Power Rd, Mesa, AZ 85206
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    • $4,150,000
      23,484 SF

      Mesa Retail Property For Sale

      Retail property occupied by OfficeMax, located in Mesa, Arizona.
      6631 E Southern Ave, Mesa, AZ 85206
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    • Contact for pricing
      12,068 SF

      Mesa Restaurant End Cap Opportunity

      High-visibility restaurant space with patio and take-out option in Mesa.
      6736 E Baseline Rd, Mesa, AZ 85206
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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Mesa Retail Space For Rent

      Retail space with large parking and monument signage available.
      6671 E Baseline Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      20,393 SF

      Mesa Retail Space - Power & Baseline

      Large Retail Building, Ample Parking, Vacant
      0 Swc Power Rd & Baseline Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      4,400 SF

      Mesa Retail Space For Lease

      Retail space in multi-anchored power center, Gilbert submarket.
      5012 S Power Rd, Mesa, AZ 85206
      View Details
    • $38 SF/Yr
      1,450 SF

      Retail Space Near Supercenter

      Retail space available near Superstition Freeway and Walmart Supercenter.
      1766 S Greenfield Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      6,057 SF

      Mesa Retail Space Available

      Retail space available in a dense East Valley trade area.
      6341 E Southern Ave, Mesa, AZ 85206
      View Details
    • $14 SF/Yr
      37,795 SF

      Mesa Retail Office Suites

      Retail and office suites available for lease in Mesa, Arizona.
      801 S Power Rd, Mesa, AZ 85206
      View Details
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    6459 Southern Ave
    Mesa, AZ 85206-3709
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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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