Zoned LI Office
2812 N Norwalk Suite 110, Mesa, AZ 85215
For Sale
$610,000
Office building with LI zoning at 2812 N Norwalk, suited for office or office-building uses.
Property Size1,800 SF
Price / SF$338.89
Days on Market153
Property Features for 2812 N Norwalk Suite 110
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Commercial Properties Inc
Listed By:
Ken Elmer · License AZ SA034992000
(480) 818-2142
Source:
Corfac
Added: Jun 11
Changed: Aug 14
Last Checked: Jun 13 at 2:17AM
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
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.
This property is a 1,800 SF office building located in Suite 110, presented as a well-maintained, versatile option for office use. The available configuration is intended for office or office-building purposes, supported by the building’s designated zoning designation.
Situated at 2812 N Norwalk in Mesa, Arizona, the property is described as being in the East Valley area. This location is positioned to serve businesses looking for a foothold within the East Valley market, with the asset specifically marketed around business operations and office occupancy needs.
For tenants, investors, or owner-users, the combination of an office-focused layout and LI zoning can support a range of office applications consistent with the zoning designation. The property’s condition and the stated suitability for office or office-building use make it a practical choice for organizations seeking a dedicated office asset rather than a flexible multi-use setting.
Situated at 2812 N Norwalk in Mesa, Arizona, the property is described as being in the East Valley area. This location is positioned to serve businesses looking for a foothold within the East Valley market, with the asset specifically marketed around business operations and office occupancy needs.
For tenants, investors, or owner-users, the combination of an office-focused layout and LI zoning can support a range of office applications consistent with the zoning designation. The property’s condition and the stated suitability for office or office-building use make it a practical choice for organizations seeking a dedicated office asset rather than a flexible multi-use setting.
Key Highlights
- 1,800 SF office building at 2812 N Norwalk, Suite 110, Mesa, AZ 85215
- Built in 2006
- LI zoning supports office and office‑building uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,843
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,860
$616.9K
Cap Rate 7%
$440,614
$440.6K
Cap Rate 9%
$342,700
$342.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$52.1K $28.92/SF
− Vacancy
−$10.9K −$6.07/SF
EGI
$41.1K $22.85/SF
− OpEx
−$10.3K −$5.71/SF
NOI
$30.8K $17.14/SF
Area
Mesa, AZ
Vacancy
21.00%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,860
Cap Rate 7%
$440,614
Cap Rate 9%
$342,700
Alternative Uses
Best Use
Office B
$440.6K
$385.5K – $514.1K
NOI $30,843 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.4K
$431.7K – $575.6K
NOI $34,538 @ 7.0% cap · market cap 5.66%
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
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 85215, AZ
16,461
Population
9,146
Households
1.8
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
82.8 sq mi
ZIP Area
199
Density / Sq Mi
$90,310
Median Household Income
$55,687
Median Earnings
$1,755
Median Rent
$398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Mesa, AZ
Properties on Market for Office Units in Mesa
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office building with LI zoning at 2812 N Norwalk, suited for office or office-building uses.
Where is this office unit located?
The property is located at 2812 N Norwalk Suite 110 Mesa, AZ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 1,800 SF office building at 2812 N Norwalk, Suite 110, Mesa, AZ 85215; Built in 2006; LI zoning supports office and office‑building uses
