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Property profile & analytics
OFF-MARKET Estimated value $6,295,000
Strip malls

810 Alma School Rd Mesa, AZ 85210-1091

9,900 SF 6.93 ac lot Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US07-2399880
Property summary
AI-generated overview

8th Avenue Shops presents a unique investment opportunity in a thriving retail center. This 13,500 square foot shopping center is currently 100% vacant, offering a blank canvas for a discerning investor or tenant. The property features multiple spaces available, ranging in size from approximately 2,066 square feet to 4,607 square feet, providing flexibility for various retail concepts. The entire 13,500 square foot building is available for lease, allowing for a single large tenant or the possibility of multiple smaller tenants. This presents a rare chance to establish a significant presence in a high-traffic location. The property's size and layout offer considerable potential for customization and adaptation to suit a wide range of business needs. Given the complete vacancy, this property offers an exceptional opportunity for a business seeking a prominent location with high visibility and ample space. Interested parties are encouraged to conduct their own due diligence to verify all information critical to their decision-making process. Square footage and other details are approximate.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 9,900 SF
Lot 6.93 ac (301,873 SF)
Zoning code LC
APN 134-28-001E
UPID US07-2399880
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
  • Paradise Lifestyle Counselor
  • Gianna's Reception Hall Wedding Service
  • Pinnacle Charter School Tempe East High School
  • The Curated Casa Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.52M
Blend (final) Blend
$6.30M
Owner & transaction history
Alex Holdings LLC · 7 yrs held
Alex Holdings LLC
since 2019
4 recorded transactions
2019
$6.9M
2018
Price N/A
2015
$5.2M
1969
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.4M +106.0%
Restaurant $6.3M +105.5%
Auto repair, garage $4.4M +41.5%
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