Property profile

1839 1st Ave Mesa, AZ 85202

OFF-MARKET
Warehouses
Property ID
US07-0398375
18,291 SF 1.14 ac lot Built 2000
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction STEEL FRAME
Total area 18,291 SF
Lot 1.14 ac (49,833 SF)
Zoning code LI
APN 134-32-024E
UPID US07-0398375

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
  • Factory Production Facility

Location

1839 1st Ave Mesa, AZ 85202-1160
Mesa metro Census 421304 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.14M
Blend (final) Blend
$590k

Owner & transaction history

since 2024
Last sale
$2.2M
3 recorded transactions
2024
$2.2M
1999
$195,000
1997
$192,000

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
Retail stores $4.8M +55.1%
Medical building $4.8M +54.9%
Office building $3.2M +1.9%

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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