Light Industrial Flex
1716 W Broadway Rd. Unit #111, Mesa, AZ 85202
For Sale
New
Contact for pricing
The unit carries I-1 light industrial zoning and may be purchased with or separately from Unit #109.
Property Size3,763 SF
Price / SF$292.32
Days on Market5
Property Features for 1716 W Broadway Rd. Unit #111
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 6:28PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit #111 is a flex space property with 3,763 square feet and I-1 (Light Industrial) zoning. It is offered for sale as an individual unit or together with Unit #109; the two units are mirror-image configurations.
The property is located at 1716 W. Broadway Road in Mesa, Arizona.
The property is located at 1716 W. Broadway Road in Mesa, Arizona.
Key Highlights
- 3,763 SF flex warehouse unit
- I‑1 (Light Industrial) zoning
- Can be acquired individually or with Unit #109
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,480
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,600
$909.6K
Cap Rate 7%
$649,714
$649.7K
Cap Rate 9%
$505,333
$505.3K
Market Conditions
NOI Build-Up for 3,763 SF
Gross rent
$57.3K $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%
$909,600
Cap Rate 7%
$649,714
Cap Rate 9%
$505,333
Alternative Uses
Best Use
Warehouse
$649.7K
$568.5K – $758.0K
NOI $45,480 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$535.1K
$468.2K – $624.2K
NOI $37,454 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.03M
$902.5K – $1.20M
NOI $72,203 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 unit carries I-1 light industrial zoning and may be purchased with or separately from Unit #109.
Where is this flex space located?
The property is located at 1716 W Broadway Rd. Unit #111 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: 3,763 SF flex warehouse unit; I‑1 (Light Industrial) zoning; Can be acquired individually or with Unit #109
