6631 E Southern Ave Mesa, AZ 85206
Property Lookup
Property profile & analytics
6631 E Southern Ave Mesa, AZ 85206
- Outlet malls
- 23,484 SF
- 2.08 lot acres
Property ID
US07-3417292
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.
Location Intelligence
Current Use by Public Records
- FedEx Drop Box / Postal Service / Courier Service
- OfficeMax Print & Copy Services / (Bike/Boat/Book/etc) Store / Printing Service
- Coinhub Bitcoin ATM Teller / Atm
- FedEx ShipSite / Postal Service / Courier Service
- OfficeMax / (Bike/Boat/Book/etc) Store
Property Details for 6631 E Southern Ave
- Year built
- 1994
- Construction
- CONCRETE
- Lot size
- 2.08 lot acres
- Property size
- 23,484 SF
- Zone code
- LC
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 141-54-035A
- APU
- 14154035A
Description
This exceptional investment opportunity presents a single-tenant, net-leased OfficeMax storefront in Mesa, Arizona. Located at 6631 E. Southern Ave, this 23,500 square foot Class B building sits on a 2.08-acre lot and boasts a 6.20% cap rate. The property features a long-term lease with OfficeMax, a nationally recognized tenant, providing a stable income stream. The lease, an absolute NNN with a corporate guarantee, commenced November 7, 1994, and has a remaining term of approximately 5 years with four 5-year renewal options. The building, constructed in 1994, enjoys 100% occupancy and a strong NOI of $263,435. The asking price is $4,250,000, translating to $180.85 per square foot. This fee-simple ownership offers minimal landlord responsibilities, high visibility from Southern Avenue (50,000 vehicles per day), and proximity to Superstition Springs Mall. The property's location in a high-traffic commercial corridor within a rapidly growing area of Mesa ensures consistent performance and long-term value. The permitted zoning is LC. This is a 1-story building with excellent potential for a 1031 exchange.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,475,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,465,000
- 6.5%
- $3,200,000
- 7%
- $2,970,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $5,560,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.688
- Latitude
- 33.3932
- 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
$46,019
$0.00
$0.00
$636,482
-
$2,266,800
$1,590,668
$3,857,468
