Property profile

1918 Higley Rd Mesa, AZ 85205

OFF-MARKET
Industrial properties
Property ID
US07-0076199
4,200 SF 0.31 ac lot Built 2006
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 6,200-square-foot industrial property in Mesa, Arizona, offers a versatile blend of warehouse and office space. The building, constructed in 2006, features a 2,200-square-foot air-conditioned warehouse with a 14-foot roll-up door, perfect for storage and distribution. An additional 4,000 square feet is dedicated to office space, providing ample room for administrative functions. Located at 1918 N Higley Rd, 85205, this single-tenant property benefits from high visibility due to signage on Higley Road. The lease is a NNN (Net, Net, Net) agreement, with a monthly rent of $8,785, translating to $1.08 per square foot. This prime location offers easy access to major freeways including US-60, I-10, Loop 101, and 202, and is conveniently situated minutes from Falcon Field Airport. The property is zoned L-I by the City of Mesa. This is an exceptional opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving Arizona market.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 2006
Construction CONCRETE
Total area 4,200 SF
Lot 0.31 ac (13,439 SF)
Zoning code LI
APN 141-35-042
UPID US07-0076199

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
  • Training Center Tutoring Service
  • Gym & Fitness Center

Location

1918 Higley Rd Mesa, AZ 85205-3306
Mesa metro Census 420215 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
$1.13M
Blend (final) Blend
$580k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2016
Price N/A
2014
Price N/A
2006
$602,070

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 $1.9M +168.4%
Neighborhood: shopping center $1.3M +89.7%
Retail stores $1.1M +59.6%

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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