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Property profile & analytics
FOR LEASE
Industrial properties
2450 W Broadway Rd, Mesa, AZ 85202
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3469671
For Lease
1 / 11
$17 SF/Yr
2450 W Broadway Rd, Mesa, AZ 85202
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Property summary
AI-generated overview
This exceptional Broadwood Business Park offering presents a diverse range of flex, warehouse, manufacturing, distribution, and R&D spaces. Located in Mesa's desirable submarket, this Class B industrial property boasts convenient access to major freeways, including the 101, 202, and US 60. The 2452 buildings within the park feature a mix of grade-level loading and dock-high loading options, along with shared yard space. Ceiling heights vary to accommodate diverse operational needs. Cooling systems are a mix of evaporative and HVAC, providing flexibility for tenants. Built in 1987 and renovated in 2021, the property is fully sprinklered and zoned M-1 in Maricopa County. Ready-to-occupy spec suites are currently available. This multi-tenant property offers a strategic location with excellent freeway visibility, as 2450 buildings front Broadway Road. The property's diverse features and prime location make it an ideal choice for a variety of businesses seeking efficient and well-maintained industrial space.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1986
Construction
CONCRETE
Total area
26,498 SF
Lot
5.11 ac (222,722 SF)
Zoning code
LI
APN
134-36-001L
UPID
US07-3469671
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
-
Diamond Select Lead Group Corporate Office
-
Bracken School of Irish Dance High School
-
Wine 2 U Specialty Food Shop Wine and Liquor Store
-
Oasis Management Resources, LLC Business Management Consultant
-
Superior Silica Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.90M
Owner & transaction history
Broadwood Mesa Property LLC · 2 yrs held
Broadwood Mesa Property LLC
since 2024
Last sale
$32.9M
7 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
Method
Estimation
Statistic approach
$32,900,000
ML approach
$32,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$32.90M
Range $29.61M – $36.19M · ±10% · vs last sale $32.90M (Jun 13 2024)
Last sale anchor
$32.90M
Jun 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,242 / SF
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
$55,061
Tax year 2023
Assessed value
$1,407,186
Assessed 2024
Previous assessed
$1,407,186
+0.0% YoY
Effective rate
3.91%
On assessed value
Land market value
$1,910,000
Improvement market value
$6,618,400
Total market value
$8,528,400
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Total area
26,498 SF
Lot
5.11 ac (222,722 SF)
Zoning code
LI
APN
134-36-001L
UPID
US07-3469671
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
5.11 ac
Current owner
From public records · entity-resolved
Broadwood Mesa Property LLC
Entity
Mailing address
300 ATLANTIC ST #1110, WEST HARTLAND, CT 06091
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
$32,900,000
Broadwood Mesa Property LLC
Bkm Broadwood 251 LLC
Special Warranty Deed
$18,000,000 · Gsf Lender LLC
Feb 5, 2020
$18,410,000
Bkm Broadwood 251 LLC
Icon Owner Pool 1 West Southwest Ll
Special Warranty Deed
$13,800,000 · First American Title Insurance
Oct 1, 2019
—
Icon Owner Pool 1 West Southwest Ll
—
Deed
related
—
Mar 9, 2015
$11,793,875
Icon Owner Pool 1 West Of Sout
Cwaz Broadwood 82 LLC
Grant Deed
—
Jun 7, 2007
$19,000,000
Walton Cwaz Broadwood 82 LLC
Calwest Indl Holdings LLC
Grant Deed
—
Nov 21, 2000
—
Calwest Industrial Properties
Pacific Gulf Properties INC
Grant Deed
related
—
Nov 23, 1999
$7,950,000
Pacific Gulf Properties INC
Broadway Mesa Partners
Grant Deed
related
$6,500,000 · Wells Fargo Bank
Jul 30, 1987
—
Mesa Pa Broadway
Unknown
Grant Deed
related
—
Jul 1, 1987
$7,210,387
Mesa Ve Broadway
Broad
Grant Deed
related
—
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.
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