Industrial NNN Investment
For Sale
Contact for pricing
2845 North Omaha, Mesa, AZ 85215
For-sale industrial NNN property with a total size of 39,572 square feet.
Property Size39,572 SF
Price / SF$240.07
Days on Market50
Property Features for 2845 North Omaha
General Information
Standard status
Active
Size
39,572 SF
Property subtype
Industrial
Zoning
LI
Occupancy
100%
Lease Type
NNN
Net Operating Income
$614,878
Building Details
Year Built
2008
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Dominic Allegretti · License #AZ SA7066100000
Source:
Crexi
Added: Jul 9
Changed: Aug 23
Last Checked: Aug 26 at 5:28PM
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 Matthews
Investment Insights
Based on property information with market context.
Offered for sale, this industrial NNN property includes 39,572 square feet of space and is positioned as an industrial investment in Mesa’s Falcon Field submarket.
The property is located at 2845 North Omaha in Mesa, Arizona 85215. “NNN” indicates the structure of the real estate taxes, insurance, and maintenance responsibilities tied to the building’s operation.
This listing is presented as an industrial NNN investment opportunity, supported by the provided property information and transaction details.
The property is located at 2845 North Omaha in Mesa, Arizona 85215. “NNN” indicates the structure of the real estate taxes, insurance, and maintenance responsibilities tied to the building’s operation.
This listing is presented as an industrial NNN investment opportunity, supported by the provided property information and transaction details.
Key Highlights
- For‑sale industrial NNN investment in Mesa’s Falcon Field submarket
- Total building size: 39,572 SF
- Year built: 2008
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$393,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,877,400
$7.9M
Cap Rate 7%
$5,626,714
$5.6M
Cap Rate 9%
$4,376,333
$4.4M
Market Conditions
NOI Build-Up for 39,572 SF
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.
Gross rent
$603.1K $15.24/SF
− Vacancy
−$40.4K −$1.02/SF
EGI
$562.7K $14.22/SF
− OpEx
−$168.8K −$4.27/SF
NOI
$393.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,877,400
Cap Rate 7%
$5,626,714
Cap Rate 9%
$4,376,333
Alternative Uses
Best Use
Industrial
$5.63M
$4.92M – $6.56M
NOI $393,870 @ 7.0% cap · market cap 4.15%
Second Best
Flex RnD
$5.22M
$4.57M – $6.10M
NOI $365,736 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$10.85M
$9.49M – $12.65M
NOI $759,289 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Creative Hands Cuisine — 3035 N Maple St #1, Mesa, AZ 85215
Frequently Asked Questions
What type of property is this?
Flex space - For-sale industrial NNN property with a total size of 39,572 square feet.
Where is this flex space located?
The property is located at 2845 North Omaha Mesa, AZ.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: For‑sale industrial NNN investment in Mesa’s Falcon Field submarket; Total building size: 39,572 SF; Year built: 2008
