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    7205-7211 Southern Ave Mesa, AZ 85209
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    7205-7211 Southern Ave, Mesa, AZ 85209

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    • Warehouses
    • 31,880 SF
    For Lease
    $16 SF/Yr
    View Listing →
    Mesa Industrial Space for Lease For Lease
    $16 SF/Yr

    Mesa Industrial Space for Lease

    Modern multi-use space, flexible layouts.

    7205-7211 Southern Ave, Mesa, AZ 85209
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clearview Commons At Superstition Springs / Business Service Center / Corporate Office

    Property Details for 7205-7211 Southern Ave

    Year built
    2000
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    Clearview Commons, located at 7205-7211 E Southern Ave in Mesa, Arizona (zip code 85209), offers a unique opportunity to lease exceptional office, industrial, and warehouse space. This multi-use property, built in 2000, boasts a total of 31,880 square feet and is situated in the desirable Chandler N Gilbert Ind submarket of Maricopa County. The building features high ceilings at 17 feet, providing ample vertical space for various business needs. Currently, there are multiple tenancies available, with a minimum divisible space of 3,249 square feet and a maximum contiguous space of 4,069 square feet. A significant amount of vacant space, totaling 7,318 square feet, is readily available for immediate occupancy. This property is ideal for businesses seeking flexible and adaptable layouts to accommodate diverse operational requirements. The property's location in Mesa provides easy access to major transportation routes, making it a strategic choice for companies seeking efficient logistics and convenient commutes for employees. Inquire today to explore the possibilities of establishing your business in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.676
    Latitude
    33.3925

    Comparable in this City

    • Value Estimation
      $9,405,000
      54,616 SF

      1250 Clearview Ave

      INDUSTRIAL LOFT BUILDING
      1250 Clearview Ave, Mesa, AZ 85209-3378
      View Details
    • Value Estimation
      $1,165,000
      5,047 SF

      2323 Power Rd

      INDUSTRIAL LOFT BUILDING
      2323 Power Rd, Mesa, AZ 85209-6674
      View Details
    • Value Estimation by Request
      17,907 SF

      7110 Southern Ave

      MINI-WAREHOUSE, STORAGE
      7110 Southern Ave, Mesa, AZ 85209-2648
      View Details
    • Value Estimation
      $3,375,000
      24,223 SF

      7415 Southern Ave Ste, Unit 101

      WAREHOUSE, STORAGE
      7415 Southern Ave Ste, Mesa, AZ 85209-2762
      View Details
    • Value Estimation
      $3,080,000
      24,223 SF

      7509 Southern Ave Ste, Unit 103

      WAREHOUSE, STORAGE
      7509 Southern Ave Ste, Mesa, AZ 85209-2766
      View Details
    • Value Estimation by Request
      24,223 SF

      7509 Southern Ave Ste, Unit 108

      WAREHOUSE, STORAGE
      7509 Southern Ave Ste, Mesa, AZ 85209-2766
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
      31,880 SF

      Mesa Industrial Space for Lease

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      7205-7211 Southern Ave, Mesa, AZ 85209
      View Details
    • $16 SF/Yr
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      Mesa Retail/Office/Medical Grayshell Space

      2,361 SF grayshell space in Mesa, ready for customization.
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      Mesa Office Suite For Rent

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      View Details
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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.

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