1234 Power RdMesa, AZ 85206

Property Details for 1234 Power Rd

Year built

1988

Construction

CONCRETE

Lot size

1.41 AC

Property size (Sq ft)

18,918 SF

Zone code

OC

Property type

Office buildings

APN

141-54-012M

APU

14154012M

Description

This exceptional two-story office building, totaling approximately 18,306 square feet, is situated in Mesa, Arizona's desirable Superstition Corridor Submarket at 1234 S Power Rd, 85206 (APN 141-54-012M). Built in 1988, the property boasts a spacious lobby and a distinctive circular driveway, enhancing its curb appeal and providing convenient access for tenants and visitors. The building offers multiple suites ranging from 643 to 2,150 square feet, catering to a variety of business needs. With a generous 4.00 parking spaces per 1,000 square feet ratio, ample parking is readily available. Its strategic location provides convenient access to the Superstition Freeway and is just minutes away from Phoenix-Mesa Gateway Airport, offering excellent connectivity for commuters and clients. The property is also in close proximity to Superstition Springs Mall, providing employees and visitors with a wealth of shopping and dining options. The building sits on 1.41 acres of land and has a floor area ratio (FAR) of 0.3. The property is zoned C-2 by the city of Mesa. This well-maintained office building presents a fantastic opportunity for businesses seeking a prominent location in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,997,232

  6.5%

  $5,535,906

  7%

  $5,140,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,267,522

  Geo Method

  $4,267,522

• Alternative Use

  Use

  Valuation

  Residential

  $6,864,524

  Hospitality

  $6,287,868

  Educational

  $5,231,432

  Medical

  $5,411,349

  Retail

  $8,137,783

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3928

Longitude

-111.685

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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