Industrial Condo
1110 S Horne Mesa, AZ 85204
1110 S Horne, Mesa, AZ, 85204
Contact for pricing
For Sale
Contact for pricing
Industrial condo offered for sale with approximately 3,485 square feet of warehouse flex space.
Property Size3,485 SF
Price / SF$249.64
Days on Market116
Property Features for 1110 S Horne
General Information
- Standard status
- Active
- Size
- 3,485 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2004
Listing agency
Matthews
Listed by
Erik Manarino · License #AZ License No. SA686808000 CA License No. 01915939
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 5:17PM Checked: Jul 21 at 5:17PM
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 Matthews
Investment Insights
Based on property information with market context.
This industrial condo warehouse is offered for sale as a flex space configuration, with approximately 3,485 square feet available for operations. The property is marketed as an industrial condo, suitable for businesses seeking a warehouse-style footprint within a condo format.
The address is 1110 S Horne in Mesa, Arizona 85204. The listing details available include the condo/warehouse use and total size; no additional features, unit details, or site attributes were provided.
The address is 1110 S Horne in Mesa, Arizona 85204. The listing details available include the condo/warehouse use and total size; no additional features, unit details, or site attributes were provided.
Key Highlights
- Industrial condo for sale
- Approximately 3,485 sq ft of warehouse/flex space
- Built in 2004
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $15.24 |
| − Vacancy | −$3.3k | −$0.94 |
| EGI | $49.8k | $14.30 |
| − OpEx | −$7.5k | −$2.14 |
| NOI | $42.3k | $12.15 |
3,485 SF · lease $15.24/SF/yr · vacancy 6.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$604.9K
$529.3K – $705.8K
NOI $42,346 @ 7.0% cap · market cap 4.87%
Second Best
Flex RnD
$502.9K
$440.0K – $586.7K
NOI $35,202 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,001 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Precision Concrete Cutting
Construction Company
The Metal Shop
Metal Fabrication Plant
Legacy Care Center
Social Service Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Just Catering — 816 S Stapley Dr, Mesa, AZ 85204
- Arctic Shaved Ice Cart Catering — 1050 s stapley dr, mesa, az 85204
FAQs
What type of property is this?
Flex space - Industrial condo offered for sale with approximately 3,485 square feet of warehouse flex space.
Where is this flex space located?
The property is located at 1110 S Horne Mesa, AZ.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Industrial condo for sale; Approximately 3,485 sq ft of warehouse/flex space; Built in 2004
