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    The Largest CRE Database in the US with Over 1 Million Listings

    4710 Falcon Dr Mesa, AZ 85215

    Sponsored
    For Lease
    $12 SF/Yr

    1,088 SF Available in Multi-Tenant Building

    Lot size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional executive office space, located at 4710 E Falcon Dr in Mesa, Arizona, offers 1,088 square feet of immediately available space within a larger 33,000 square foot multi-tenant office building. The property, classified as Class C, was constructed in 1986 and features two stories. The building provides convenient elevator access for all tenants. Parking is ample, with a ratio of 6.06 spaces per 1,000 square feet. This presents a fantastic opportunity for businesses seeking a well-located and functional office space in a thriving area of Maricopa County. The suite is ready for immediate occupancy, offering a turnkey solution for your business needs. The address is conveniently located in the 85215 zip code of Mesa, Arizona. The building's multi-tenant nature fosters a collaborative and dynamic work environment. This is an ideal space for businesses seeking a professional and efficient workspace in a well-established commercial area. The property's size and amenities make it suitable for a variety of businesses, offering a blend of functionality and accessibility. The available space is perfect for a company looking to establish a strong presence in the Mesa market. Don't miss this chance to secure this exceptional office space.

    Property Features for 4710 Falcon Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,000 SF
    Class
    C
    Total Rate
    33000

    Building Details

    Year Built
    1986
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 207
    Size
    1,088 SF
    Rate per SF
    $12

    We can help!

    Listing Contact
    Paul Woods

    Learn more

    HighLights

    • High‑profile location adjacent to Falcon Field Airport.
    • Two‑story building with attractive courtyard views.
    • Monument signage opportunity.
    • Suites available from approximately 500 square feet.
    • Located on a Mesa City land lease.
    • Two elevators provide convenient access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Forefront Development Contractor Reef Point Technology, ... Corporate Campus Farmers Insurance - Frank ... Insurance Agency John Lawlor: Allstate ... Insurance Agency Allstate Personal Financial ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7289075
    Latitude
    33.4536545

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    FAQs

    What type of property is this?
    Office Property / Space - 1,088 SF Available in Multi-Tenant Building
    Where is this office property / space located?
    The property is located at 4710 Falcon Dr Mesa, AZ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High-profile location adjacent to Falcon Field Airport.; Two-story building with attractive courtyard views.; Monument signage opportunity.
    Request Owner's contact information
    4710 Falcon Dr Mesa, AZ 85215
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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
    4710 Falcon Dr Mesa, AZ 85215
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    We can help!
    Listing Contact
    Paul Woods
    Real Estate License ID: AZ
    Learn more
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