Back to Search
Property profile & analytics
FOR LEASE
Flex space
2340 W Broadway Rd Mesa, AZ 85202
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0970653
For Lease
1 / 2
$13.95 SF/Yr
2340 W Broadway Rd, Mesa, AZ 85202
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
CONCRETE
Total area
65,322 SF
Lot
5.01 ac (218,418 SF)
Zoning code
LI
APN
134-37-004
UPID
US07-0970653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Eclipse Automation Southwest AZ Production Facility
-
Outback Innovationz Car Dealership
-
Southern Medical Distributors Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cip Broadway LLC · 1 yrs held
Cip Broadway LLC
since 2024
Last sale
$168.3M
6 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$64,070
Tax year 2023
Assessed value
$1,682,786
Assessed 2024
Previous assessed
$1,236,257
+36.1% YoY
Effective rate
3.81%
On assessed value
Land market value
$1,821,600
Improvement market value
$8,377,100
Total market value
$10,198,700
Applied tax rate
41,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
65,322 SF
Lot
5.01 ac (218,418 SF)
Zoning code
LI
APN
134-37-004
UPID
US07-0970653
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Mesa, AZ
Zoning LI · permitted uses
LI · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.01 ac
Current owner
From public records · entity-resolved
Cip Broadway LLC
Entity
Mailing address
2000 AVE OF THE STARS FL #11, LOS ANGELES, CA 90067-4732
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$168,262,000
Cip Broadway LLC
Ccf Ind Broadway LLC
Grant Deed
$93,800,000 · Gim Us Cml Fund LP
Jul 21, 2020
—
Ccf Ind Broadway LLC
Ccf Bkm Broadway LLC
Quit Claim Deed
related
—
Feb 5, 2020
$107,500,000
Ccf Bkm Broadway LLC
Western B West Az LLC
Grant Deed
$59,180 · Bank Of America
Oct 1, 2019
—
Westerm B West Az LLC
—
Deed
related
—
Nov 9, 2015
—
Western B West Az LLC
Iit Broadway 101 Cc LLC
Grant Deed
related
—
May 15, 2013
$43,582,127
Iit Broadway 101 Cc LLC
Broadway 101 Venture LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
