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1826 W Broadway Rd Mesa, AZ 85202

Warehouses Google Maps
54,000 SF 5.28 ac lot Built 1981
Individually Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$3.54M
Range $3.19M – $3.89M (±10%)
Property ID US07-1544717

Property summary

AI-generated overview

This exceptional industrial property, located at 1826 W Broadway Rd in Mesa, Arizona, offers a prime opportunity for businesses seeking warehouse or distribution space. The 100,800 square foot building sits on a 5.3-acre lot and features multiple tenancy options, with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 3,600 square feet. Currently, 9,900 square feet of space is available for lease. Built in 1981, the warehouse boasts a desirable 16-foot ceiling height, providing ample vertical storage capacity. The property is zoned M-1, allowing for a variety of industrial uses. Its location within the Mesa Industrial submarket of Maricopa County offers excellent access to major transportation routes, making it an ideal location for efficient logistics and distribution. The property's address is 1826 W Broadway Rd, Mesa, AZ 85202. This is a rare opportunity to secure flexible and well-located industrial space in a thriving market. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1981
Construction CONCRETE
Total area 54,000 SF
Lot 5.28 ac (229,822 SF)
Zoning code LI
APN 134-32-001T
UPID US07-1544717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Auto Repair Shop
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Insurance Agency
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.30M
Blend (final) Blend
$3.54M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2002
$3.6M
2002
Price N/A
1999
$3.5M
1994
$2.4M
1994
$1.7M

Zoning & alternative use

LI · Mesa, AZ
Zoning description

mbers in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $23.8M +160.7%
Retail stores $14.2M +55.1%
Medical building $14.1M +54.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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