2909 Dobson RdMesa, AZ 85202

Property Details for 2909 Dobson Rd

Year built

1987

Construction

CONCRETE

Lot size

1.79 AC

Property size (Sq ft)

24,288 SF

Zone code

LC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

302-78-855A

APU

30278855A

Description

Dobbs Plaza, a prime retail investment opportunity in Mesa, Arizona, is now available for purchase. This exceptional property boasts 31,828 square feet of 100% occupied space, distributed across two single-story buildings situated on a 2.55-acre lot. The property features a strong tenant roster, including popular local businesses such as Bisbee Breakfast and Dobson Ranch Animal Hospital, ensuring consistent cash flow. The current Net Operating Income (NOI) stands at $390,981, yielding a 7.00% capitalization rate. The asking price is $5,585,443, translating to $217.64 per square foot. Located at 2909-2917 S Dobson Rd, Mesa, AZ 85202, this shopping center benefits from high visibility along Dobson Road, with a daily traffic count of 26,700 vehicles. The property is zoned LC - Limited Commercial and offers abundant parking and prominent building/monument signage opportunities. The lease type is NNN (Triple Net), spread across nine co-tenants, minimizing landlord responsibilities. This presents a value-add opportunity with potential for future growth and increased profitability. Easy access to Loop 101 and US 60 further enhances its strategic location and accessibility. The property's APN is 302-78-854A & 855A.

• CAP approach

  CAP return

  Valuation

  6%

  $6,057,056

  6.5%

  $5,591,129

  7%

  $5,191,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,434,868

  Geo Method

  $9,434,868

• Alternative Use

  Use

  Valuation

  Residential

  $4,716,326

  Hospitality

  $4,320,130

  Educational

  $3,594,297

  Medical

  $3,717,910

  Retail

  $5,591,129

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3621

Longitude

-111.876

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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