Warehouse with Secured
New
For Sale
$6,417,500
7423 S Signal Butte Rd, Mesa, AZ 85212
Climate-controlled warehouse areas are paired with dedicated office space.
Property Size15,100 SF
Price / SF$425
Days on Market2
Property Features for 7423 S Signal Butte Rd
General Information
Standard status
Active
Size
15,100 SF
Property subtype
Industrial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
12,748 SF
Office Build-Out
2,352 SF
Drive-In Doors
4
Power
800 amps
Voltage
480 V
Conditioned Warehouse
Yes
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 2:31PM
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.
The industrial property includes a 15,100 SF building, with 12,748 SF of warehouse area and 2,352 SF of office space. The warehouse areas are 100% A/C cooled, with 18' clear height, 800 amps at 277/480 volts, and four grade-level doors measuring 12' x 14'. A 16,983 SF fenced and secured yard is also part of the site.
The property has frontage on Signal Butte Rd in Mesa. Completion is expected in Q1 2027. The stated use potential includes warehouse, distribution, and light manufacturing operations.
The property has frontage on Signal Butte Rd in Mesa. Completion is expected in Q1 2027. The stated use potential includes warehouse, distribution, and light manufacturing operations.
Key Highlights
- 15,100 SF building with 12,748 SF of warehouse and 2,352 SF of office space
- 100% A/C cooled warehouses with 18' clear height
- 800 amps, 277/480 volts
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
$183,282
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
2.86%
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%
$3,665,640
$3.7M
Cap Rate 7%
$2,618,314
$2.6M
Cap Rate 9%
$2,036,467
$2.0M
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
$230.1K $15.24/SF
− Vacancy
−$14.5K −$0.96/SF
EGI
$215.6K $14.28/SF
− OpEx
−$32.3K −$2.14/SF
NOI
$183.3K $12.14/SF
Area
ZIP 85212
Vacancy
6.30%
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%
$3,665,640
Cap Rate 7%
$2,618,314
Cap Rate 9%
$2,036,467
Alternative Uses
Best Use
Warehouse
$2.62M
$2.29M – $3.05M
NOI $183,282 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$2.16M
$1.89M – $2.52M
NOI $150,938 @ 7.0% cap · market cap 2.35%
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
Lease Details
18 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
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?
Warehouse - Climate-controlled warehouse areas are paired with dedicated office space.
Where is this warehouse located?
The property is located at 7423 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 space; 100% A/C cooled warehouses with 18' clear height; 800 amps, 277/480 volts
