Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24 & Williams Fld Rd Mesa, AZ

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Last available retail pads near Bell Bank Park.

    Property size:
    7,600 SF
    Lot size:
    1.15 Acres

    Property Features for 24 & Williams Fld Rd

    General Information

    Size
    7,600 SF
    Lot size
    1.15 Acres

    We can help!

    Listing Contact
    Michael Ord
    Michael Ord
    Source: Moodyscre

    Listing Agent: Michael Ord

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

    Learn more

    Overview

    Prime Retail Pad Sites Available

    These retail pad sites are located near Bell Bank Park, the 25th most visited sports venue in the country. Situated on the going-home side of Williams Field, the sites are right off the SR 24 full interchange and directly across from Bell Bank Park. The location is adjacent to Eastmark, a master-planned community with 15,000 homes, and directly across from Cadence at Gateway, which features over 2,000 housing units to the north. Over 1,000 new housing units are planned or under construction within 1 mile of the site. A mixed-use project is in planning to SR-24/Williams Field, approximately 0.5 miles away. The SR 24 Extension from Ellsworth Road to Ironwood is slated for completion by the end of 2022. A 700-acre expansion of Phoenix-Mesa Gateway Airport is underway less than a mile from the site. The property size is 7,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8449346
    Latitude
    33.4329528

    Nearby Similar for Lease

    • Contact for pricing
      19,600 SF

      Mesa Retail Space For Lease

      Retail space with prime visibility and accessibility in Mesa, Arizona.
      1911 W Broadway Rd, Mesa, AZ 85202
      View Details
    • $17 SF/Yr
      9,492 SF

      Mesa Office Space Available

      Prime commercial property in Mesa, AZ, ideal for professional services.
      1050 East University Dr, Mesa, AZ 85203
      View Details
    • Contact for pricing
      28,958 SF

      Mesa Retail Space For Lease

      Retail space with high visibility and ample parking available for lease.
      1933 E University Dr, Mesa, AZ 85203
      View Details
    • Contact for pricing
      1,362 SF

      Mesa Townhome with Private Patio

      Well-maintained 2 bed, 2 bath townhome with community pool.
      7006 E Jensen St, Mesa, AZ 85207
      View Details
    • Contact for pricing

      Modern Office Space in Mesa

      Flexible office space with modern amenities and convenient location.
      5833 East Mckellips Rd, Mesa, AZ 85205
      View Details
    • $1.35 SF/Yr
      6,485 SF

      Adaptable Space in Mesa, Arizona

      Modern, well-maintained property suitable for retail, office, or light industrial.
      4450 E Mclellan Rd, Mesa, AZ 85205
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in North Mesa

      Inline retail suite in established North Mesa shopping center.
      2650-2706 E University Dr, Mesa, AZ 85213
      View Details
    • $27 SF/Yr
      1,800 SF

      Move-In Ready Medical Spa Office

      Prime commercial space near Dana Park and Banner Gateway Medical Center.
      3850 E Baseline Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      3,714 SF

      Mesa Medical Office Space for Lease

      Prime Medical & Retail Space Available in Mesa, AZ
      1145-1155 Power Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing
      83,380 SF

      Mesa Industrial Space For Lease

      Industrial spaces available in Mesa, Arizona, with convenient highway access.
      8305 E Sebring Ave, Mesa, AZ 85212
      View Details
    • Contact for pricing
      51,862 SF

      Prime Retail Space in Mesa

      Modern, versatile commercial space for lease in a high-traffic area.
      1360 W Southern Ave, Mesa, AZ 85202
      View Details
    • $8 SF/Yr
      6,039 SF

      Mesa Office Space for Lease

      Flexible Workspaces in Prime Location
      560 Brown Rd, Mesa, AZ 85201
      View Details

    FAQs

    What type of property is this?
    Land - Last available retail pads near Bell Bank Park.
    Where is this land located?
    The property is located at 24 & Williams Fld Rd Mesa, AZ.
    What are key features of this property?
    This property features: - Directly across from Bell Bank Park (Legacy Sports Complex), attracting over 5 million visitors annually.; - Last available retail pad sites in the high-demand Eastmark trade area.; - Located on the 'going home' side of Williams Field, with direct access to the SR 24 full interchange.
    (602) 421-2788
    Request Owner's contact information
    24 & Williams Fld Rd Mesa, AZ
    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.
    24 & Williams Fld Rd
    Mesa, AZ
    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
    24 & Williams Fld Rd Mesa, AZ
    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

    We can help!
    Listing Contact
    Michael Ord
    Michael Ord
    (602) 421-2788 (602) 957-3553
    Learn more
    Google sign-in failed. Please try again or use another login method.