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 Size69,561 SF
Lot Size5.09 Acres
Price / SF$250
Days on Market639
Property Features for 827 W Grove Ave
General Information
Standard status
Active
Size
69,561 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) 488-4000
Listed By:
Andrew Cheney
(602) 488-4000
Source:
Moodyscre
Added: Oct 30, 2024
Changed: Jul 29
Last Checked: Jul 29 at 10:13PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.06M | $15.24 |
| − Vacancy | −$71.0k | −$1.02 |
| EGI | $989.1k | $14.22 |
| − OpEx | −$148.4k | −$2.13 |
| NOI | $840.7k | $12.09 |
69,561 SF · lease $15.24/SF/yr · vacancy 6.70% · expense 15.00%
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,252
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Straight to the Plate Catering — 500 W Southern Ave UNIT 26, Mesa, AZ 85210
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- Chef Phoenix — 1440 S Country Club Dr #10, 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
