Multi-Tenant Flex
9107 E Southern Ave, Mesa, AZ 85209
For Sale
Contact for pricing
Four tenants currently occupy the building, with C-2 zoning and a condo plat in place.
Property Size15,903 SF
Price / SF$275.11
Days on Market51
Property Features for 9107 E Southern Ave
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Asking Price
Road Access
Clear Height
Building Details
Tenancy
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Matt McDougall
(602) 312-6736
Source:
Moodyscre
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 12 at 8:02AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 15,903-square-foot flex property is fully leased to four tenants. Building features include 16-foot clear height and 12-foot by 12-foot grade-level doors. The property is zoned C-2, and a condo plat is in place.
The site has frontage on Southern Ave and parking at a 4:1,000 ratio.
The site has frontage on Southern Ave and parking at a 4:1,000 ratio.
Key Highlights
- 15,903 square feet, fully leased to 4 tenants
- 16‑foot clear height
- 12‑foot by 12‑foot grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,283
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,660
$3.2M
Cap Rate 7%
$2,304,043
$2.3M
Cap Rate 9%
$1,792,033
$1.8M
Market Conditions
NOI Build-Up for 15,903 SF
Gross rent
$202.3K $12.72/SF
− Vacancy
−$12.5K −$0.79/SF
EGI
$189.7K $11.93/SF
− OpEx
−$28.5K −$1.79/SF
NOI
$161.3K $10.14/SF
Area
ZIP 85209
Vacancy
6.20%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,660
Cap Rate 7%
$2,304,043
Cap Rate 9%
$1,792,033
Alternative Uses
Best Use
Warehouse
$2.30M
$2.02M – $2.69M
NOI $161,283 @ 7.0% cap · market cap 3.69%
Second Best
Flex RnD
$2.13M
$1.86M – $2.49M
NOI $149,162 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,629 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Mesa
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Four tenants currently occupy the building, with C-2 zoning and a condo plat in place.
Where is this flex space located?
The property is located at 9107 E Southern Ave Mesa, AZ.
What is the asking price?
The asking price for this property is $4,375,000.
What are key features of this property?
This property features: 15,903 square feet, fully leased to 4 tenants; 16‑foot clear height; 12‑foot by 12‑foot grade‑level doors
