Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    414 S Grand Ave Mesa, AZ 85210

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    4,000 SF industrial building with fenced yard in Mesa.

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Craig Trbovich
    Craig Trbovich
    Source: Cpiaz

    Listing Agency: Commercial Properties Inc Listing Agent: Craig Trbovich

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

    Learn more

    Overview

    Freestanding Industrial Building with Yard

    This freestanding 4,000 square foot industrial building features a private fenced yard. The warehouse area has a 14-foot clear height and is accessible via two grade-level doors. The property includes 400 AMP 240 Volt 3-Phase power. Interior spaces comprise a reception area, five offices, a breakroom, and three restrooms. Additionally, there is an approximately 2,000 square foot mezzanine. Recent upgrades include new exterior LED lighting and two new 5-ton HVAC systems for the warehouse. A roof warranty is also in place. The property is located near the intersection of Grand Avenue and Broadway Road in Mesa, Arizona, with access to State Route 87, US 60, and the Loop 202 Red Mountain Freeway.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

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

    Similar Places Nearby

    US60 Self & RV Storage, GetrDunn, Southern Palms Mobile Home & RV Park, AAction Movers, Country Cousins Mobile Home & RV Park

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.842
    Latitude
    33.3901

    Nearby Similar for Sale

    • New
      $450,000

      Mesa Multifamily Property on Corner Lot

      Multifamily property in Mesa's 85203 corridor on a cul-de-sac.
      1107 N July Cir, Mesa, AZ 85203
      View Details
    • $470,000
      1,908 SF

      Mesa Duplex in Senior Community

      Well-maintained duplex in Mesa senior community with strong rental demand.
      6049 E Albany St, Mesa, AZ 85205
      View Details
    • $575,000

      Mesa Duplex with Seller Financing

      Well-maintained duplex in Mesa with income potential.
      1129 N Wedgewood Cir, Mesa, AZ 85203
      View Details
    • $699,000
      Pending

      Mesa Fourplex in Prime Location

      Well-maintained fourplex in Mesa, fully occupied, generating immediate rental income.
      2020 N Hunt Cir, Mesa, AZ 85203
      View Details
    • $730,000
      Pending

      Mesa Multifamily Investment Opportunity

      Well-maintained four-unit property in high-demand Mesa neighborhood.
      3050 E Cicero St, Mesa, AZ 85213
      View Details
    • $469,999

      Updated Duplex Investment Opportunity

      Fully occupied duplex in Mesa, Arizona with updated interiors.
      453 W University Dr, Mesa, AZ 85201
      View Details
    • $599,000

      Mesa Triplex with Garages

      Turn-key Mesa triplex with garages and expansion potential.
      1138 N Dresden Cir, Mesa, AZ 85203
      View Details
    • $845,000

      Mesa Multifamily Investment Opportunity

      Well-maintained 4-unit property with income growth potential in Mesa, AZ.
      860 E Brown Rd, Mesa, AZ 85203
      View Details
    • $399,900

      Charming Duplex Across From Park

      Desirable duplex with private yards in historic neighborhood.
      335 S Lesueur St, Mesa, AZ 85204
      View Details
    • $1,600,000

      Mesa Duplexes with Development Potential

      Five single-level duplexes near downtown Mesa with excess land.
      202 E 2Nd Ave, Mesa, AZ 85210
      View Details
    • $99,999
      0.05 Acres

      Mesa RV Resort Land

      Land in 55+ active adult community with many amenities.
      7750 E Broadway Rd, Mesa, AZ 85208
      View Details
    • $369,999

      Mesa Duplex with Fenced Yards

      Multifamily duplex in Mesa, Arizona, with large fenced yards.
      526 S Mesa Dr, Mesa, AZ 85210
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,000 SF industrial building with fenced yard in Mesa.
    Where is this warehouse located?
    The property is located at 414 S Grand Ave Mesa, AZ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Freestanding 4,000 SF industrial building with private fenced yard.; - Benefit from two new 5-ton HVAC systems for the warehouse and new exterior LED lighting.; - 400 AMP 240 Volt 3-
    (480) 522-2799
    Request Owner's contact information
    414 S Grand Ave Mesa, AZ 85210
    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.
    414 S Grand Ave
    Mesa, AZ 85210
    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
    414 S Grand Ave Mesa, AZ 85210
    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
    Craig Trbovich
    Craig Trbovich
    Real Estate License ID: AZ SA571098000
    (480) 522-2799 (602) 549-4676 (480) 966-2301
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!