Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7302 Main St Mesa, AZ 85207-8333

    • Strip malls
    • 21,600 SF
    • 2.26 lot acres
    OFF-MARKET
    Last Sale
    Jun 28, 2022
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0812826
    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

    • Wild West Mercantile / Western Apparel Store
    • Carbajal's Mexican Food / Latin American Restaurant / Mexican Restaurant
    • AZ Event Space / Party Equipment Rental Service / Service Establishment
    • Clothes / Store
    • Alexander's Abilities / Social Services Organization / Disability Services And Support Organization

    Property Details for 7302 Main St

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    2.26 lot acres
    Property size
    21,600 SF
    Zone code
    LC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    218-17-029A
    APU
    21817029A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.674
    Latitude
    33.4164
    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
    $24,728
    $0.00
    $0.00
    $437,920
    -
    $551,200
    $2,102,859
    $2,654,059

    Comparable in this City

    • Value Estimation by Request

      Mesa, AZ 85207

      SHOPPING CENTER, STRIP CENTER
      Mesa, AZ 85207
      View Details
    • Value Estimation
      $4,025,000
      18,346 SF

      7440 Main St

      SHOPPING CENTER, STRIP CENTER • 18,346 SF
      7440 Main St, Mesa, AZ 85207-8300
      View Details
    • Value Estimation by Request
      4,580 SF

      7536 Main St

      SHOPPING CENTER, STRIP CENTER • 4,580 SF
      7536 Main St, Mesa, AZ 85207-8308
      View Details
    • Value Estimation
      $2,320,000
      9,301 SF

      8601 Main St

      SHOPPING CENTER, STRIP CENTER • 9,301 SF
      8601 Main St, Mesa, AZ 85207-8668
      View Details
    • Value Estimation
      $4,500,000
      7,079 SF

      6837 Main St

      SHOPPING CENTER, STRIP CENTER • 7,079 SF
      6837 Main St, Mesa, AZ 85207-8207
      View Details
    • Value Estimation
      $1,615,000
      10,480 SF

      7246 Main St

      SHOPPING CENTER, STRIP CENTER • 10,480 SF
      7246 Main St, Mesa, AZ 85207-8307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      88,608 SF

      Retail Shop Space Available

      Retail space for lease in Mesa, Arizona.
      1133 North Ellsworth Rd, Mesa, AZ 85207
      View Details
    • $749,000
      3,000 SF

      High-Visibility Retail Space Available

      Retail space with frontage on Apache Trail/SR-88 in Mesa.
      8111 E Main St, Mesa, AZ 85207
      View Details
    • $1,200,000
      4,288 SF

      Auto Repair and Storage Yard

      2.07 acre lot with 2,144 SF building and canopy.
      7045 E Main St, Mesa, AZ 85207
      View Details
    • $3,088,888
      2,363 SF

      Mesa Restaurant with Drive-Thru

      Operating restaurant with drive-thru, corporate guaranty, Mesa, Arizona.
      1460 S Crismon Rd, Mesa, AZ 85207
      View Details
    • $650,000
      2.46 Acres

      Mesa Acreage with Mountain Views

      Prime Mesa land with unobstructed views and no HOA.
      3324 N 88Th Pl, Mesa, AZ 85207
      View Details
    • $1,499,900
      Pending

      New Mesa Fourplex Investment Opportunity

      New fourplex in Mesa community with amenities, near Loop 202.
      8232 E University Dr, Mesa, AZ 85207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,140 SF

      Mesa Retail Space for Lease

      Prime Mesa location, 1,140 sq ft available.
      0 Cor Mckellips Rd & Power Rd, Mesa, AZ 85207
      View Details
    • Contact for pricing
      39,025 SF

      The Village at Las Sendas

      Lifestyle centers • 39,025 SF
      0 Nec Power Rd & Mcdowell Rd, Mesa, AZ 85207
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space at Signal Butte

      Retail space in high-growth Mesa corridor near US 60.
      1534 S Signal Butte Rd, Mesa, AZ 85207
      View Details
    • Contact for pricing
      1,178 SF

      Retail Space in Mesa, Arizona

      Retail space available in growing Mesa, Arizona neighborhood.
      1226-1252 S Signal Butte Rd, Mesa, AZ 85207
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near 202 Loop

      Retail space with freeway visibility and monument signage available for rent.
      9124 E Main St, Mesa, AZ 85207
      View Details
    • Contact for pricing
      55,247 SF

      Red Mountain Plaza Retail Space

      Mesa, AZ Retail Center: High-traffic location, multiple spaces available.
      9124 Apache Trl, Mesa, AZ 85207
      View Details
    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.
    7302 Main St
    Mesa, AZ 85207-8333
    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

    Google sign-in failed. Please try again or use another login method.