6731 Brown RdMesa, AZ 85205

  • Strip malls
  • 5,760 SF
For Lease
$14/SF/YR View listing

Property Details for 6731 Brown Rd

Year built
2007
Construction
STEEL FRAME
Lot size
0.83 AC
Property size (Sq ft)
5,760 SF
Zone code
LC
Property type
Strip malls
Property subtype
Neighborhood centers
APN
141-86-699E
APU
14186699E

Description

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

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
2022
$13,561
-
-
$227,073
-
$458,500
$917,701
$1,376,201

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