Building Details

Year Built 2025

Listing Agency: Commercial Properties Inc Tempe

Listed By: David Bean · License #AZ SA627726000 Show Phone

Source: Crexi

Added: Apr 25 Changed: Oct 11 Last Checked: Oct 15 at 12:08AM

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Investment Insights

Based on property information with market context.

Completed in 2025, this 23,854-square-foot warehouse property features modern construction and an adaptable interior designed for industrial, warehouse, and distribution functions. The facility is zoned Light Industrial and offers a configuration intended to support varied operational requirements.

The property is located at 11224 E Pecos Rd in Mesa, Arizona, with access to interstates and major transportation routes. Phoenix-Mesa Gateway Airport and Union Pacific Railroad are also identified as nearby logistics resources, supporting regional movement of goods and supply chain activity.

Key Highlights

• 23,854‑square‑foot industrial warehouse completed in 2025
• Light Industrial zoning
• Flexible interior layout for industrial, warehouse, and distribution operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$289,537

Cap Rate

3.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,790,740 $5.8M

Cap Rate 7%

$4,136,243 $4.1M

Cap Rate 9%

$3,217,078 $3.2M

Market Conditions

NOI Build-Up for 23,854 SF

Gross rent

$363.5K $15.24/SF

− Vacancy

−$22.9K −$0.96/SF

EGI

$340.6K $14.28/SF

− OpEx

−$51.1K −$2.14/SF

NOI

$289.5K $12.14/SF

Area

ZIP 85212

Vacancy

6.30%

Lease Rate

$15.24 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,790,740

Cap Rate 7%

$4,136,243

Cap Rate 9%

$3,217,078

Alternative Uses

Best Use

Warehouse

$4.14M

$3.62M – $4.83M (±1% cap)

NOI $289,537 @ 7.0% cap · market cap 3.33%

Second Best

Industrial

$3.41M

$2.98M – $3.97M (±1% cap)

NOI $238,443 @ 7.0% cap · market cap 2.74%

Theoretical Best

Office A

$7.47M

$6.53M – $8.71M (±1% cap)

NOI $522,574 @ 7.0% cap · market cap 6.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Garden Center Big Box & Wholesale Store Auto Parts Store Nail Salon Building Supply Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 85212, AZ

48,422

Population

16,576

Households

2.9

Avg Household Size

34

Median Age

42%

College-Educated

96%

High-School Grad

38.6 sq mi

ZIP Area

1,254

Density / Sq Mi

$123,404

Median Household Income

$56,974

Median Earnings

$2,024

Median Rent

$530,700

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Modern warehouse facility with flexible interior planning for industrial, storage, and distribution operations.

Where is this warehouse located?

The property is located at 11244 E Pecos Rd Mesa, AZ.

What is the asking price?

The asking price for this property is $8,706,710.

What are key features of this property?

This property features: 23,854‑square‑foot industrial warehouse completed in 2025; Light Industrial zoning; Flexible interior layout for industrial, warehouse, and distribution operations