Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Gateway Auto Title is generated by Realmo AI

    11041 E Ulysses Ave, Mesa, AZ

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial land available for build-to-suit or ground lease.

    Type:LAND
    Lot size:
    1.41 Acres
    Added:
    Sep 26, 2025
    Days on Market:
    248
    Last Refresh:
    May 19 at 9:49 pm

    Property Features for 11041 E Ulysses Ave

    General Information

    Standard status
    Active
    Lot size
    1.41 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 11041 E Ulysses Ave Contact us

    We can help!

    Listing Contact
    Emma Barreca

    Listing agent Emma Barreca

    Listing office Diversified Partners LLC

    Listing date Sep 26, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Diversified Partners LLC

    HighLights

    • Over 40 acres of commercial development land (BTS & GL)
    • Adjacent to Gateway Auto Mall (planned development in 2024)
    • Located south of Eastmark, a top‑ranked master‑planned community
    • Brand new SR‑24 Interchange exit at Signal Butte
    • Over 10,000 new residences within a 5‑mile radius
    • Commercial zoning, City of Mesa

    Overview

    This commercial land, spanning over 40 acres, is available for build-to-suit (BTS) and ground lease (GL) opportunities. The property is located adjacent to the planned Gateway Auto Mall, with a development timeline targeting 2024. Situated south of Eastmark, a mixed-use master-planned community, the site benefits from its location near a rapidly growing residential area. A new SR-24 Interchange exit at Signal Butte enhances accessibility. The location is within a 5-mile radius of over 10,000 new residences. Zoned for commercial use by the City of Mesa, the property is also near industrial centers housing companies such as Apple, Facebook, Intel, and CyrusOne.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.673
    Latitude
    33.3035

    Nearby Similar for Lease

    • Sponsored
      $129-$3,534/Mo
      11-1,292 SF

      Stapley Corporate Center

      1910 Stapley Dr, Unit 221, Mesa, AZ 85204
      View Details
    • $129-$3,126/Mo
      11-1,292 SF

      AZ, Mesa- W Brown Rd

      560 Brown Rd, Unit 3A1, Mesa, AZ 85201
      View Details
    • $129-$8,815/Mo
      11-1,646 SF

      Val Vista

      3707 Southern Ave, Unit Floors 1 & 2, Mesa, AZ 85206
      View Details
    • $129-$4,456/Mo
      11-1,292 SF

      Dobson

      2266 Dobson Rd, Unit 200, Mesa, AZ 85202
      View Details
    • $15 SF/Yr
      5,875 SF

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • $24 SF/Yr
      2,000 SF

      Medical Office Space For Rent

      Medical office space available near Banner Baywood Medical Center.
      1635 North Greenfield Road, Mesa, AZ, 85205
      View Details
    • $2,115/Mo
      995 SF

      Turn-Key Office Condo For Rent

      Office condo for rent in a highly-desired area.
      110-3035 S Ellsworth Road, Mesa, AZ 85212
      View Details
    • $20 SF/Yr
      9,235 SF

      Mesa Medical Office Space Available

      Class B medical office condo in Mesa, built in 2002.
      5432 E Southern Ave, Mesa, AZ 85206
      View Details
    • $3,546/Mo
      3,546 SF

      Mesa Medical Office Building

      Class A medical office in Red Mountain Professional Park.
      Red Mountain Professional Park 6848 E Brown Rd, Mesa, AZ 85207
      View Details
    • $1,677/Mo
      38,026 SF

      Retail Space on Baseline Road

      Retail space available for lease on Baseline Road, Mesa.
      40 W BASELINE Road 104, Mesa, AZ 85210
      View Details
    • $1,869/Mo
      13,650 SF

      Retail Space on Baseline Road

      Retail space available for lease on Baseline Road.
      40 W Baseline Road 114, Mesa, AZ 85210
      View Details
    • $1.10 SF/Yr
      21,318 SF

      Mesa Office & Warehouse Space

      Office and warehouse spaces in central Mesa location available for rent.
      950 W Birchwood Ave, Mesa, AZ 85210
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for build-to-suit or ground lease.
    Where is this commercial land located?
    The property is located at 11041 E Ulysses Ave Mesa, AZ.
    What are key features of this property?
    This property features: Over 40 acres of commercial development land (BTS & GL); Adjacent to Gateway Auto Mall (planned development in 2024); Located south of Eastmark, a top‑ranked master‑planned community
    (480) 947-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Emma Barreca
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11041 E Ulysses Ave, Mesa, AZ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!