Two-Story Flex Space with Grade Level
For Sale
Contact for pricing
827 W Grove Ave, Mesa, AZ 85210
Two-story flex space on a 5.09-acre site with grade-level loading and access via full diamond interchanges at US 60.
Property Size70,000 SF
Lot Size5.09 Acres
Price / SF$250
Days on Market732
Property Features for 827 W Grove Ave
General Information
Standard status
Active
Size
70,000 SF
Lot size
5.09 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Stories
2
Building Size
70,000 SF
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Andrew Cheney
(602) 488-4000
Source:
Moodyscre
Added: Oct 30, 2024
Changed: Oct 25
Last Checked: Oct 30 at 2:18PM
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 Lee & Associates | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two-story flex space offered for sale at 827 W Grove Ave in Mesa, AZ. The building configuration includes grade-level loading for tenant operations that benefit from straightforward loading access.
The site totals 5.09 acres and offers convenient connectivity to major roadways, including full diamond interchanges at US 60 and Alma School. This makes the property well positioned for businesses that rely on regional access for customers, vendors, and workforce commuting.
Overall, the property’s two-floor flex layout and grade-level loading are key practical features for flex-focused users seeking straightforward site and access characteristics.
The site totals 5.09 acres and offers convenient connectivity to major roadways, including full diamond interchanges at US 60 and Alma School. This makes the property well positioned for businesses that rely on regional access for customers, vendors, and workforce commuting.
Overall, the property’s two-floor flex layout and grade-level loading are key practical features for flex-focused users seeking straightforward site and access characteristics.
Key Highlights
- 5.09‑acre site
- Two floors
- Grade‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$840,720
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,814,400
$16.8M
Cap Rate 7%
$12,010,286
$12.0M
Cap Rate 9%
$9,341,333
$9.3M
Market Conditions
NOI Build-Up for 69,561 SF
Gross rent
$1.06M $15.24/SF
− Vacancy
−$71.0K −$1.02/SF
EGI
$989.1K $14.22/SF
− OpEx
−$148.4K −$2.13/SF
NOI
$840.7K $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 Rate 5%
$16,814,400
Cap Rate 7%
$12,010,286
Cap Rate 9%
$9,341,333
Alternative Uses
Best Use
Warehouse
$12.01M
$10.51M – $14.01M
NOI $840,720 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$9.89M
$8.65M – $11.54M
NOI $692,358 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$19.07M
$16.68M – $22.25M
NOI $1,334,703 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Chef Phoenix — 1440 S Country Club Dr #10, Mesa, AZ 85210
- Comfort Kitchen Az — 855 W Southern Ave #3006, Mesa, AZ 85210
- Straight to the Plate Catering — 500 W Southern Ave UNIT 26, Mesa, AZ 85210
- Special Moments Catering — 500 W Southern Ave, Mesa, AZ 85210
Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex space on a 5.09-acre site with grade-level loading and access via full diamond interchanges at US 60.
Where is this flex space located?
The property is located at 827 W Grove Ave Mesa, AZ.
What is the asking price?
The asking price for this property is $17,390,250.
What are key features of this property?
This property features: 5.09‑acre site; Two floors; Grade‑level loading
