Light Industrial Warehouse with
For Sale
Contact for pricing
1866 S Fraser Dr, Mesa, AZ 85204
Industrial building with 21,425 SF warehouse and 2,500 SF office, including dock doors, leveler systems, and a secure yard.
Property Size23,925 SF
Price / SF$240
Days on Market64
Property Features for 1866 S Fraser Dr
General Information
Standard status
Active
Size
23,925 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates | Phoenix
(602) 339-1411
Listed By:
Allen Lowe, SIOR
(602) 339-1411
Source:
Moodyscre
Added: May 29
Changed: Jul 28
Last Checked: Jul 31 at 9:22AM
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
Investment Insights
Based on property information with market context.
This light industrial property features a total of approximately 23,925 SF, comprised of 21,425 SF of warehouse space and 2,500 SF of office space. The warehouse is equipped with three dock doors with in-pit levelers and one grade level door. Clear height is noted at 24 feet, and an EVAP warehouse is listed as part of the improvements.
The site includes a secure yard area of approximately 20,000 SF and provides three points of ingress/egress. Parking is designated with 29 striped parking spots.
Zoned LI (Light Industrial), the facility offers a straightforward industrial layout for warehouse and office operations within a controlled yard setting.
The site includes a secure yard area of approximately 20,000 SF and provides three points of ingress/egress. Parking is designated with 29 striped parking spots.
Zoned LI (Light Industrial), the facility offers a straightforward industrial layout for warehouse and office operations within a controlled yard setting.
Key Highlights
- ±23,925 SF industrial building on ±1.81 acres, with ±21,425 SF warehouse and ±2,500 SF office
- 3 dock doors with in‑pit levelers plus 1 grade level door
- 24' clear height and EVAP warehouse
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $663.2k | $27.72 |
| − Vacancy | −$129.3k | −$5.41 |
| EGI | $533.9k | $22.31 |
| − OpEx | −$133.5k | −$5.58 |
| NOI | $400.4k | $16.74 |
23,925 SF · lease $27.72/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.72M
$5.01M – $6.67M
NOI $400,408 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$4.15M
$3.63M – $4.85M
NOI $290,709 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$7.94M
$6.95M – $9.27M
NOI $556,083 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- GarageTown USA Offices — 920 E Javelina Ave, Mesa, AZ 85204
- Life Storage — 1356 E Baseline Rd, Mesa, AZ 85204
- Extra Space Storage — 765 E Baseline Rd, Gilbert, AZ 85233
- R V Corral Storage — 1215 W Houston Ave, Gilbert, AZ 85233
- Island Storage — 1530 W Houston Ave, Gilbert, AZ 85233
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with 21,425 SF warehouse and 2,500 SF office, including dock doors, leveler systems, and a secure yard.
Where is this warehouse located?
The property is located at 1866 S Fraser Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $5,742,000.
What are key features of this property?
This property features: ±23,925 SF industrial building on ±1.81 acres, with ±21,425 SF warehouse and ±2,500 SF office; 3 dock doors with in‑pit levelers plus 1 grade level door; 24' clear height and EVAP warehouse
