Property profile

746 Southern Ave Mesa, AZ 85210

OFF-MARKET
Flex space
Property ID
US07-1200108
6,280 SF 0.87 ac lot Built 1977
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 12,560-square-foot commercial auto repair facility in Mesa, Arizona, configured as two separately divided units and zoned C-2. The shop area is equipped with ten BendPak 10,000 lb vehicle lifts and three Rotary 9,000 lb lifts, and includes a secure yard with a full surveillance system and a 15-foot automatic steel security gate. The facility has approximately 12-foot clear height and features systems and finishes including HVAC upgrades, air lines throughout the shop, commercial-grade epoxy flooring, and updates to the roof and plumbing. It is located on Southern Avenue just north of the US-60 freeway, approximately a quarter mile west of Country Club Drive, providing street frontage and visibility in a high-traffic corridor. The building is designed so each unit can be operated independently, and additional shop equipment is available for use.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1977
Construction CONCRETE
Total area 6,280 SF
Lot 0.87 ac (37,766 SF)
Zoning code LC
APN 134-17-023J
UPID US07-1200108

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

746 Southern Ave Mesa, AZ 85210-5007
Mesa metro Census 422105 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$960k
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$1.37M

Owner & transaction history

since 2021
Last sale
$1.4M
4 recorded transactions
2021
Price N/A
2021
$1.4M
2018
Price N/A
1998
Price N/A

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $2.0M +47.9%
Office building $1.9M +42.7%
Medical building $1.6M +24.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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