Industrial Warehouse with C-3
For Sale
$3,500,000
441 S Robson Ste 108, Mesa, AZ 85210
For sale industrial warehouse built in 1950 and zoned C-3, offering space for warehouse or distribution uses.
Property Size24,000 SF
Price / SF$388.89
Days on Market60
Property Features for 441 S Robson Ste 108
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Industrial
Zoning
C-3
Building Details
Building Size
24,000 SF
Year Built
1950
Listed By:
Paul Woods
(480) 420-7460
Source:
Cpiaz
Added: Jul 12
Changed: Sep 8
Last Checked: Sep 8 at 6:00AM
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 Paul Woods
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse/distribution-type property totals 9,000 square feet and was built in 1950. The building is offered as a flexible option for warehouse or distribution uses, with zoning provided as C-3.
The property is located at 441 S Robson, Ste 108 in Mesa, Arizona 85210.
Interested buyers and brokers should review the site and zoning details to confirm fit for their intended industrial or distribution operations within the C-3 zoning designation.
The property is located at 441 S Robson, Ste 108 in Mesa, Arizona 85210.
Interested buyers and brokers should review the site and zoning details to confirm fit for their intended industrial or distribution operations within the C-3 zoning designation.
Key Highlights
- 9,000 SF industrial/warehouse building built in 1950
- Zoned C‑3 for industrial, warehouse, or distribution use
- Versatile property suited for warehouse or distribution space
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
$108,775
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
3.11%
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%
$2,175,500
$2.2M
Cap Rate 7%
$1,553,929
$1.6M
Cap Rate 9%
$1,208,611
$1.2M
Market Conditions
NOI Build-Up for 9,000 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
$137.2K $15.24/SF
− Vacancy
−$9.2K −$1.02/SF
EGI
$128.0K $14.22/SF
− OpEx
−$19.2K −$2.13/SF
NOI
$108.8K $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 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%
$2,175,500
Cap Rate 7%
$1,553,929
Cap Rate 9%
$1,208,611
Alternative Uses
Best Use
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,775 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,579 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,688 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
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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Frequently Asked Questions
What type of property is this?
Warehouse - For sale industrial warehouse built in 1950 and zoned C-3, offering space for warehouse or distribution uses.
Where is this warehouse located?
The property is located at 441 S Robson Ste 108 Mesa, AZ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 9,000 SF industrial/warehouse building built in 1950; Zoned C‑3 for industrial, warehouse, or distribution use; Versatile property suited for warehouse or distribution space
