Flex Industrial Property with Fenced
For Sale
Contact for pricing
1701 W Broadway Rd, Mesa, AZ 85202
Flex industrial property featuring a secured fenced yard and a large metal canopy, plus office/showroom space.
Property Size21,000 SF
Price / SF$276.19
Days on Market156
Property Features for 1701 W Broadway Rd
General Information
Standard status
Active
Size
21,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Matthew Hobaica
(602) 954-3755
Source:
Moodyscre
Added: May 29
Changed: Oct 25
Last Checked: Oct 30 at 5:29PM
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 Lee & Associates | Phoenix
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Investment Insights
Based on property information with market context.
This flex industrial property includes a secured, fenced yard with exterior lighting and a large metal canopy designed for covered operations. Space is supported by a 5,500 SF office/showroom area for administrative use and client-facing needs, creating a practical live-work style setup within an industrial environment.
The property offers prime frontage along Broadway Road in Mesa’s industrial hub and convenient access to US-60, Loop 101, and Loop 202, with major airports also within reach.
With its combination of covered outdoor space, secure yard improvements, and dedicated office/showroom area, the building is suited to businesses that require both operational space and on-site customer or administrative capabilities.
The property offers prime frontage along Broadway Road in Mesa’s industrial hub and convenient access to US-60, Loop 101, and Loop 202, with major airports also within reach.
With its combination of covered outdoor space, secure yard improvements, and dedicated office/showroom area, the building is suited to businesses that require both operational space and on-site customer or administrative capabilities.
Key Highlights
- Prime frontage along Broadway Road in Mesa’s industrial hub
- Secured, fenced yard with exterior lighting
- ±10,000 SF metal canopy for covered operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,018
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,180,360
$4.2M
Cap Rate 7%
$2,985,971
$3.0M
Cap Rate 9%
$2,322,422
$2.3M
Market Conditions
NOI Build-Up for 21,000 SF
Gross rent
$320.0K $15.24/SF
− Vacancy
−$21.4K −$1.02/SF
EGI
$298.6K $14.22/SF
− OpEx
−$89.6K −$4.27/SF
NOI
$209.0K $9.95/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,180,360
Cap Rate 7%
$2,985,971
Cap Rate 9%
$2,322,422
Alternative Uses
Best Use
Industrial
$2.99M
$2.61M – $3.48M
NOI $209,018 @ 7.0% cap · market cap 3.60%
Second Best
Flex RnD
$2.77M
$2.43M – $3.23M
NOI $194,088 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $402,938 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85202, AZ
39,626
Population
18,077
Households
2.2
Avg Household Size
34
Median Age
34%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
6,391
Density / Sq Mi
$66,582
Median Household Income
$42,083
Median Earnings
$1,431
Median Rent
$334,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial property featuring a secured fenced yard and a large metal canopy, plus office/showroom space.
Where is this flex space located?
The property is located at 1701 W Broadway Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Prime frontage along Broadway Road in Mesa’s industrial hub; Secured, fenced yard with exterior lighting; ±10,000 SF metal canopy for covered operations
