This 1,145 square foot retail space, Suite 103 at Red Mountain Plaza II (6731 E Brown Rd, Mesa, AZ 85205), is ready for immediate occupancy. Located in a well-maintained strip center at the southwest corner of Power Road and Brown Road, this versatile space features an open area and a restroom. The property boasts excellent visibility and signage opportunities, including building, door, and window signage. The building itself totals 5,760 square feet and sits on an 8.27-acre lot. Built in 2007, the property is zoned C-2 and its APN is 141-86-699E. This prime location offers convenient access to Loop 202 Freeway, placing it within easy reach of a large customer base. The property's proximity to Mesa Community College Red Mountain Campus (one mile south) and Fremont Junior High and Red Mountain High School across the street provides a strong potential customer demographic. The space is ideal for a variety of retail uses and presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving Mesa community. The total building square footage is 5,760 square feet, with 1,145 square feet currently available for lease. Maricopa County is the location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,684,204
6.5%
$2,477,726
7%
$2,300,746
Comparable approach
Method
Valuation
Relative Method
$3,274,339
Geo Method
$3,274,339
Alternative Use
Use
Valuation
Residential
$2,090,055
Hospitality
$1,914,479
Educational
$1,592,824
Medical
$1,647,604
Retail
$2,477,726
Location Insight
City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4369
Longitude
-111.686
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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