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    Industrial Warehouse with Spec Suites Title is generated by Realmo AI

    4156 East Virginia Street, Mesa, AZ 85215

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    Leasing options in a warehouse facility featuring 30' clear height, dock-high doors, and 100% HVAC.

    Type:Industrial
    Property size:
    38,128 SF
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 5 at 2:40 am

    Property Features for 4156 East Virginia Street

    General Information

    Standard status
    Active
    Size
    38,128 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 4156 East Virginia Street Contact us

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    Listing Contact
    Mark Krison

    Listing agent Mark Krison

    Listing office CBRE | Phoenix

    Listing date Jun 3, 2026

    Source Cbre

    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 CBRE | Phoenix

    HighLights

    • Building 4 offers 138,128 SF available for lease within a total 68,700 SF building
    • Two spec suites available, each 3,100 SF, with 30' clear height warehouse space
    • Warehouse includes 21 dock‑high doors with edge‑of‑dock levelers plus 6 grade‑level doors
    • Structural layout features 60' speed bays and 54' x 40' column spacing
    • 100% HVAC warehouse with ESFR sprinklers and 3,600 AMP 277/280V 3PH power
    • Minimum divisibility is 16,000 SF, with roof solar capability, skylights, and two outdoor amenity areas

    Overview

    Building 4 at Mesa Grandview offers a total 68,700 SF with 38,128 SF available for lease. The building includes two spec suites, each 3,100 SF, and is designed for flexible warehouse operations. Space is supported by 30' clear height and 60' speed bays, with 54' x 40' column spacing. Loading includes 21 dock-high doors with edge-of-dock levelers and six grade-level doors, making it workable for both trailer and ground-level deliveries.

    The facility includes 100% HVAC warehouse capability and ESFR sprinklers for fire protection. Power infrastructure is supported by 3,600 AMP, 277/280V 3PH service. Additional building features include roof solar capability and skylights, along with two outdoor amenity areas.

    With a minimum divisibility of 16,000 SF, the available space can accommodate tenants seeking larger contiguous warehouse requirements. The combination of substantial clear height, speed-bay layout, and dock-high loading supports efficient day-to-day distribution and storage while maintaining comfort and operational control through warehouse HVAC.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Big Box & Wholesale Store Building Supply Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7394841
    Latitude
    33.4775492

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    FAQs

    What type of property is this?
    Warehouse - Leasing options in a warehouse facility featuring 30' clear height, dock-high doors, and 100% HVAC.
    Where is this warehouse located?
    The property is located at 4156 East Virginia Street Mesa, AZ.
    What are key features of this property?
    This property features: Building 4 offers 138,128 SF available for lease within a total 68,700 SF building; Two spec suites available, each 3,100 SF, with 30' clear height warehouse space; Warehouse includes 21 dock‑high doors with edge‑of‑dock levelers plus 6 grade‑level doors
    (602) 735-5670
    We can help!
    Listing Contact
    Mark Krison
    Learn More
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    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
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