Warehouse with Fenced
For Sale
Contact for pricing
915 S Center St, Mesa, AZ 85210
Industrial warehouse includes air lines and a fenced, gated concrete yard with street frontage.
Property Size10,400 SF
Price / SF$211.06
Days on Market110
Property Features for 915 S Center St
General Information
Standard status
Active
Size
10,400 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Listing Agency:
Cresa | Phoenix
(602) 648-7373
Listed By:
Rod Beach · License #SA534659000
(602) 690-7050
Source:
Moodyscre
Added: May 19
Changed: Sep 2
Last Checked: Sep 5 at 7:37AM
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 Cresa | Phoenix
Investment Insights
Based on property information with market context.
This warehouse offering features a yard with new concrete, along with an on-site fenced and gated yard area. Inside, the warehouse has air lines distributed throughout the building, supporting industrial workflow needs.
The property has frontage on Center Street and includes a dedicated monument sign. A parcel number is provided for identification purposes (Parcel #: 139-33-131Q).
The combination of indoor compressed air distribution and exterior yard improvements makes the property well-suited for tenants seeking an operationally flexible industrial setup, with secure outdoor space for materials or equipment staging.
The property has frontage on Center Street and includes a dedicated monument sign. A parcel number is provided for identification purposes (Parcel #: 139-33-131Q).
The combination of indoor compressed air distribution and exterior yard improvements makes the property well-suited for tenants seeking an operationally flexible industrial setup, with secure outdoor space for materials or equipment staging.
Key Highlights
- Industrial warehouse with air lines distributed throughout the warehouse
- New concrete yard on the property
- Fenced and gated yard for added on‑site control
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
$125,695
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
5.73%
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%
$2,513,900
$2.5M
Cap Rate 7%
$1,795,643
$1.8M
Cap Rate 9%
$1,396,611
$1.4M
Market Conditions
NOI Build-Up for 10,400 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
$158.5K $15.24/SF
− Vacancy
−$10.6K −$1.02/SF
EGI
$147.9K $14.22/SF
− OpEx
−$22.2K −$2.13/SF
NOI
$125.7K $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 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%
$2,513,900
Cap Rate 7%
$1,795,643
Cap Rate 9%
$1,396,611
Alternative Uses
Best Use
Warehouse
$1.80M
$1.57M – $2.09M
NOI $125,695 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.33M
NOI $199,550 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Well-served
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse includes air lines and a fenced, gated concrete yard with street frontage.
Where is this warehouse located?
The property is located at 915 S Center St Mesa, AZ.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Industrial warehouse with air lines distributed throughout the warehouse; New concrete yard on the property; Fenced and gated yard for added on‑site control
