Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6611 Mcdowell Rd Mesa, AZ 85215-1754
    Back to Search
    Property profile & analytics

    6611 Mcdowell Rd, Mesa, AZ 85215-1754

    View on Map
    • Retail space
    • 3,844 SF
    • 1.25 lot acres
    Off-Market
    Last Sale Nov 2, 2020
    $2,413,793
    Property ID
    US07-2171776
    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.
    Value Estimations
    $2,185,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kneaders Bakery & Cafe / Cafe & Coffee Shop
    • kneaders / Restaurant

    Property Details for 6611 Mcdowell Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    1.25 lot acres
    Zone code
    LC
    Property type
    Retail space
    APN
    141-67-617
    APU
    14167617

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2022 — Connie L Sillen — Deed · related $1.2M · Desert Financial Cu
    Nov 2, 2020 — Sillen,connie L Family Trust Connie Sillen Quit Claim Deed · related —
    Feb 10, 2016 $2,413,793 Connie Sillen Ffg Development LLC Special Warranty Deed $1.3M · Security Service FCU
    Sep 23, 2015 $650,000 Ffg Development LLC Superstition Promenade LLC Cash Sale Deed —
    Dec 29, 2011 — Superstition Promenade LLC — Deed Of Trust · related $6M · Alliance Bank Of Arizona
    May 24, 2006 — Superstition Promenade LLC Owner Name Unavailable Grant Deed · related —
    — — Superstition Promenade LLC — Deed Of Trust · related $828k · South Hampton Group II

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,776,000
      Market price range: $466k - $1.78M
      AI Estimate
      $1,776,000
      Market price range: $466k - $1.78M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,465,000
      AUTO REPAIR, GARAGE
      $1,695,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.688
    Latitude
    33.4659
    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
    $23,767
    $0.00
    $0.00
    $370,003
    -
    $1,315,200
    $927,241
    $2,242,441

    Comparable in this City

    • Value Estimation by Request

      Sec Mckellips Rd & Greenfield Rd

      Individual retail properties
      0 Sec Mckellips Rd & Greenfield Rd, Mesa, AZ 85215
      View Details
    • Value Estimation by Request
      847 SF

      6033 Mckellips Rd

      RETAIL STORES (PERSONAL SERVICES)
      6033 Mckellips Rd, Mesa, AZ 85215-2826
      View Details
    • Value Estimation
      $2,595,000
      6,000 SF

      5757 Mckellips Rd

      RETAIL STORES (PERSONAL SERVICES)
      5757 Mckellips Rd, Mesa, AZ 85215-2764
      View Details
    • Value Estimation by Request
      372 SF

      5135 Mckellips Rd

      RETAIL STORES (PERSONAL SERVICES)
      5135 Mckellips Rd, Mesa, AZ 85215
      View Details
    • Value Estimation
      $2,930,000
      6,816 SF

      5763 Mckellips Rd

      RETAIL STORES (PERSONAL SERVICES)
      5763 Mckellips Rd, Mesa, AZ 85215-2739
      View Details
    • Value Estimation by Request
      18,000 SF

      5741 Mckellips Rd

      RETAIL STORES (PERSONAL SERVICES)
      5741 Mckellips Rd, Mesa, AZ 85215-2739
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Mesa Center

      Retail shop space for lease in North Mesa shopping center.
      2920 North Power Rd, Mesa, AZ 85215
      View Details
    • $2,150,000

      Retail Land on Signalized Corner

      Prime retail land for sale on a signalized corner.
      5602 E Mckellips Rd, Mesa, AZ 85215
      View Details
    • $2,150,000

      Retail Land on Signalized Corner

      Retail land for sale on a signalized corner.
      5602 E Mckellips Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing

      Freestanding Retail Property Available

      Freestanding retail property, formerly a CVS, available for sale.
      2807 North Power Rd, Mesa, AZ 85215
      View Details
    • $5,895,000
      53,356 SF

      Thunderbird Executive Plaza: Mesa, AZ

      53,356 SF Multi-Tenant Office/Warehouse
      2550 Thunderbird Cir, Mesa, AZ 85215
      View Details
    • $6,500,000

      Shovel-Ready East Mesa Industrial Land

      Industrial-zoned land with permits for 640 RV/Boat storage units.
      5305 E Thomas Rd, Mesa, AZ 85215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,472 SF

      Mesa Retail Space For Rent

      Retail space available in Mesa's Red Mountain Gateway.
      2015 N Power Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      1,375 SF

      Mesa Retail Space Available

      Retail space with high traffic and income demographics.
      5735 E Mckellips Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      1,210 SF

      Mesa Retail Space For Lease

      Retail space available in high-traffic Mesa location.
      4425-4565 E Mckellips Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      1,980 SF

      Mesa Retail Space Available

      Retail space in high-income Mesa neighborhood near Loop-202.
      2733 N Power Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      1,500 SF

      Mesa Retail Space Sublease

      Retail space available for sublease in Mesa, Arizona.
      5057 E Mckellips Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      4,412 SF

      Mesa Restaurant Space Available

      Second generation restaurant space available for rent in Mesa.
      5854 E Longbow Pkwy, Mesa, AZ 85215
      View Details

    Property Visit Statistics

    • Visits by month
      9.1k
    • Visitors by month
      5.3k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6611 Mcdowell Rd
    Mesa, AZ 85215-1754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6611 Mcdowell Rd, Mesa, AZ, 85215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!