Flex Warehouse
1716 W Broadway Rd. Unit #109, Mesa, AZ 85202
For Sale
New
Contact for pricing
The light-industrial unit can be purchased independently or alongside Unit #111.
Property Size3,764 SF
Price / SF$292.24
Days on Market5
Property Features for 1716 W Broadway Rd. Unit #109
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Asking Price
Property Use
Listing Agency:
TREN CRE
Listed By:
Anna Sepic · License #SA686485000
(602) 832-4472
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:23PM
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 TREN CRE
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Investment Insights
Based on property information with market context.
This flex warehouse unit contains 3,764 SF and carries I-1 (Light Industrial) zoning. It is offered for sale as a standalone unit or together with Unit #111.
The property is at 1716 W. Broadway Rd. in Mesa, Arizona.
The property is at 1716 W. Broadway Rd. in Mesa, Arizona.
Key Highlights
- 3,764 SF flex warehouse unit
- Zoned I‑1 (Light Industrial)
- Available separately or with Unit #111
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,492
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,840
$909.8K
Cap Rate 7%
$649,886
$649.9K
Cap Rate 9%
$505,467
$505.5K
Market Conditions
NOI Build-Up for 3,764 SF
Gross rent
$57.4K $15.24/SF
− Vacancy
−$3.8K −$1.02/SF
EGI
$53.5K $14.22/SF
− OpEx
−$8.0K −$2.13/SF
NOI
$45.5K $12.09/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,840
Cap Rate 7%
$649,886
Cap Rate 9%
$505,467
Alternative Uses
Best Use
Warehouse
$649.9K
$568.7K – $758.2K
NOI $45,492 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$535.2K
$468.3K – $624.4K
NOI $37,464 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.03M
$902.8K – $1.20M
NOI $72,222 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,205
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Mesa
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The light-industrial unit can be purchased independently or alongside Unit #111.
Where is this flex space located?
The property is located at 1716 W Broadway Rd. Unit #109 Mesa, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,764 SF flex warehouse unit; Zoned I‑1 (Light Industrial); Available separately or with Unit #111
