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Property profile & analytics
OFF-MARKET
Estimated value
$20,375,000
Super regional malls
6535 Southern Ave Mesa, AZ 85206-3711
Entity Owned
19-yr Hold
Free & Clear
Property ID
US07-2465275
Property summary
AI-generated overview
This exceptional 1-square-foot retail property, located at 6535 E Southern Ave in Mesa, Arizona (zip code 85206), presents a unique redevelopment opportunity. Situated at the Northwest corner of Power Road and US-60, this single-tenant site boasts unparalleled freeway visibility, making it ideal for a variety of uses. The property is zoned LC in Maricopa County and offers significant potential for multi-story development. Given its size, this listing represents the land itself, not an existing structure. The location's high traffic count and prominent positioning along a major thoroughfare ensure maximum exposure for any future development. The property's versatility makes it suitable for hospitality ventures, multi-family residential projects, or assisted living facilities. This is a rare chance to acquire a strategically located parcel with exceptional visibility and significant upside potential in a thriving Arizona market. Serious inquiries only. Further details regarding zoning regulations and development possibilities are available upon request.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
STEEL FRAME
Total area
153,181 SF
Lot
13.04 ac (567,935 SF)
Zoning code
LC
APN
141-54-044H
UPID
US07-2465275
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Macy's Backstage Discount Store Clothing & Fashion Store
-
Anuheas Same Day Flower Delivery Inc. (Bike/Boat/Book/etc) Store Florist
-
My Favorite Candy Store Specialty Food Shop Candy Store
-
Bounce Mania Family Recreation Center
-
Macy's Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.37M
Blend (final)
Blend
$20.38M
Owner & transaction history
Macys Department Stores INC · 19 yrs held
Macys Department Stores INC
since 2006
1 recorded transaction
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.38M
Range $18.34M – $22.41M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$114,907
Tax year 2023
Assessed value
$1,686,482
Assessed 2024
Previous assessed
$1,052,300
+60.3% YoY
Effective rate
6.81%
On assessed value
Land market value
$8,687,900
Improvement market value
$1,533,200
Total market value
$10,221,100
Applied tax rate
41,012.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
3
Total area
153,181 SF
Lot
13.04 ac (567,935 SF)
Zoning code
LC
APN
141-54-044H
UPID
US07-2465275
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
3
Lot
13.04 ac
Current owner
From public records · entity-resolved
Macys Department Stores INC
Entity
Free & Clear · 19 yrs held
Mailing address
7 W 7TH ST #17, CINCINNATI, OH 45202-2424
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2006
—
Macys Department Stores INC
Federated Retail Holdings INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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