Flex Space with Secured
New
For Sale
$6,417,500
7365 S Signal Butte Rd, Mesa, AZ 85212
A climate-controlled warehouse and office configuration is supported by a fenced yard and substantial electrical service.
Property Size15,100 SF
Days on Market2
Property Features for 7365 S Signal Butte Rd
General Information
Standard status
Active
Size
15,100 SF
Property subtype
Industrial
Building Details
Building Size
15,100 SF
Year Built
2026
Listing Agency:
Commercial Properties Inc
Listed By:
David Bean · License #AZ #BR627726000
(480) 299-5964
Source:
Cpiaz
Added: Oct 1
Last Checked: Oct 1 at 1:59PM
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
Investment Insights
Based on property information with market context.
This flex property combines 12,748 square feet of warehouse area with 2,352 square feet of office space, for a total building size of 15,100 square feet. The warehouses are fully air-conditioned, with 18-foot clear height and four grade-level doors measuring 12 feet by 14 feet. Electrical service is 800 amps at 277/480 volts.
A 17,641-square-foot fenced, secured yard accompanies the building, which fronts Signal Butte Road in Mesa. Completion is expected in Q1 2027.
A 17,641-square-foot fenced, secured yard accompanies the building, which fronts Signal Butte Road in Mesa. Completion is expected in Q1 2027.
Key Highlights
- 15,100 SF building with 12,748 SF of warehouse and 2,352 SF of office
- Warehouses are 100% A/C cooled with 18' clear height
- Four 12' x 14' grade‑level doors
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
$219,071
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
3.41%
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%
$4,381,420
$4.4M
Cap Rate 7%
$3,129,586
$3.1M
Cap Rate 9%
$2,434,122
$2.4M
Market Conditions
NOI Build-Up for 15,100 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
$362.4K $24.00/SF
− Vacancy
−$25.4K −$1.68/SF
EGI
$337.0K $22.32/SF
− OpEx
−$118.0K −$7.81/SF
NOI
$219.1K $14.51/SF
Area
ZIP 85212
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$4,381,420
Cap Rate 7%
$3,129,586
Cap Rate 9%
$2,434,122
Alternative Uses
Best Use
Flex RnD
$3.13M
$2.74M – $3.65M
NOI $219,071 @ 7.0% cap · market cap 3.41%
Second Best
Warehouse
$2.62M
$2.29M – $3.05M
NOI $183,282 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$4.73M
$4.13M – $5.51M
NOI $330,799 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 85212, AZ
48,422
Population
16,576
Households
2.9
Avg Household Size
34
Median Age
42%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
1,254
Density / Sq Mi
$123,404
Median Household Income
$56,974
Median Earnings
$2,024
Median Rent
$530,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A climate-controlled warehouse and office configuration is supported by a fenced yard and substantial electrical service.
Where is this flex space located?
The property is located at 7365 S Signal Butte Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $6,417,500.
What are key features of this property?
This property features: 15,100 SF building with 12,748 SF of warehouse and 2,352 SF of office; Warehouses are 100% A/C cooled with 18' clear height; Four 12' x 14' grade‑level doors
