Industrial Property with Gated
For Sale
$1,750,000
1918 N Higley Rd, Mesa, AZ 85205
Leased industrial space with a secured outdoor yard, sprinkler system, and LED lighting near Falcon Field Airport.
Property Size6,200 SF
Days on Market132
Property Features for 1918 N Higley Rd
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Sprinkler System
Yes
Building Details
Building Size
6,200 SF
Year Built
2006
Listing Agency:
Commercial Properties Inc
Listed By:
Rex Griswold · License #SA630241000
(480) 244-7222
Source:
Cpiaz
Added: Jun 11
Changed: Oct 6
Last Checked: Oct 19 at 3:27AM
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 Commercial Properties Inc
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Investment Insights
Based on property information with market context.
This industrial property, constructed in 2006, includes a gated yard and is currently leased with approximately one more year remaining on the tenant’s lease. Lease and rent details are available upon request. Building features include a sprinkler system and LED lighting.
The property is located near Falcon Field Airport and offers access to the Loop 202 Freeway, supporting regional connectivity for industrial operations.
The property is located near Falcon Field Airport and offers access to the Loop 202 Freeway, supporting regional connectivity for industrial operations.
Key Highlights
- Currently leased with approximately one more year remaining on the tenant’s lease
- Gated yard provides secured outdoor space
- Sprinkler system and LED lighting installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,710
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,200
$1.2M
Cap Rate 7%
$881,571
$881.6K
Cap Rate 9%
$685,667
$685.7K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$94.5K $15.24/SF
− Vacancy
−$6.3K −$1.02/SF
EGI
$88.2K $14.22/SF
− OpEx
−$26.4K −$4.27/SF
NOI
$61.7K $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%
$1,234,200
Cap Rate 7%
$881,571
Cap Rate 9%
$685,667
Alternative Uses
Best Use
Industrial
$881.6K
$771.4K – $1.03M
NOI $61,710 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,963 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 85205, AZ
44,137
Population
23,473
Households
1.9
Avg Household Size
48
Median Age
30%
College-Educated
94%
High-School Grad
10.1 sq mi
ZIP Area
4,370
Density / Sq Mi
$71,294
Median Household Income
$46,378
Median Earnings
$1,363
Median Rent
$301,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Leased industrial space with a secured outdoor yard, sprinkler system, and LED lighting near Falcon Field Airport.
Where is this industrial property located?
The property is located at 1918 N Higley Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Currently leased with approximately one more year remaining on the tenant’s lease; Gated yard provides secured outdoor space; Sprinkler system and LED lighting installed
