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    1839 Alma School Rd Mesa, AZ 85210

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    For Lease
    Contact for pricing

    Mesa Executive Office Space Available

    Lot size:
    69,916 SF

    Property Features for 1839 Alma School Rd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,916 SF
    Total Rate
    131092.5

    Building Details

    Stories
    3

    Spaces For Lease

    at 1839 Alma School Rd, Mesa, AZ 85210 Contact us
    Unit Suite 135

    $23 /Mo

    Size
    2,436 SF
    Contact us
    Unit Suite 180

    $23 /Mo

    Size
    1,722 SF
    Contact us
    Unit Suite 248

    $23 /Mo

    Size
    1,229 SF
    Contact us
    Unit Suite 270

    $23 /Mo

    Size
    1,293 SF
    Contact us
    Unit Suite 360

    $23 /Mo

    Size
    4,223 SF
    Contact us
    Unit Suite 245

    $23 /Mo

    Size
    1,385 SF
    Contact us
    Unit Suite 380

    $23 /Mo

    Size
    4,434 SF
    Contact us
    Unit Suite 260

    $23 /Mo

    Size
    2,702 SF
    Contact us
    Unit Suite 275

    $23 /Mo

    Size
    2,105 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Nicholas Pelusio
    Nicholas Pelusio

    Listing Agency: Avison Young | Phoenix Listing Agent: Nicholas Pelusio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional three-story office building, Alma School Corporate Center III, offers a prime location in desirable West Mesa, Arizona. Situated at 1839 S Alma School Rd, Mesa, AZ 85210, this property boasts a total of 69,916 square feet of executive office space, with multiple tenancy options available. Currently, there are 21,529 square feet of vacant space ready for immediate occupancy, divisible into units ranging from a minimum of 1,229 square feet to a maximum contiguous space of 4,434 square feet. Nine individual spaces are currently available. The building provides convenient covered parking for tenants. Located in Maricopa County, this property presents a fantastic opportunity for businesses seeking modern, efficient, and well-situated office space in a thriving area. The address is easily accessible and offers excellent visibility. This is an ideal location for businesses seeking a professional and convenient workspace in the heart of West Mesa. The building's design and layout are conducive to a variety of business needs, making it a versatile option for companies of all sizes. Contact us today to learn more about the available spaces and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AHG Home Warranty Home Appliance Store Bridgers & Paxton Engineering Consultant National Precision Building Supply LR-J Health Solutions- ... Insurance Agency Dawn Bahr, REALTOR® Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.858792
    Latitude
    33.3810844

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    FAQs

    What type of property is this?
    Office property - Mesa Executive Office Space Available
    Where is this office property located?
    The property is located at 1839 Alma School Rd Mesa, AZ.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: High-visibility frontage on Alma School Road.; Easy access to US-60 and Loop 101 freeways.; Monument signage opportunity.
    (602) 505-3010 Call to check price and availability
    Request Owner's contact information
    1839 Alma School Rd Mesa, AZ 85210
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    Mesa, AZ 85210
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1839 Alma School Rd Mesa, AZ 85210
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nicholas Pelusio
    Nicholas Pelusio
    Real Estate License ID: SA041086000
    (602) 505-3010 (480) 994-8155 (480) 423-7903
    Learn more
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