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2812 Norwalk 124 Mesa, AZ 85215-1148

OFF-MARKET Office buildings Google Maps
3,600 SF 0.05 ac lot Built 2005
Trust Owned 9-yr Hold Free & Clear
Estimated value (blended)
$160k
Range $144k – $176k (±10%)
Property ID US07-1508732

Property summary

AI-generated overview

This exceptional 3,600 square foot executive office space, located at 2812 N. Norwalk, Building 14, in Mesa, Arizona, presents a unique opportunity. Situated within the prestigious Court at the Commons Business Park, this single-tenant property offers unparalleled convenience and visibility. Built in 2006, the building features a desirable I-1 zoning classification. The property boasts ample parking with a 4:1000 ratio, ensuring convenient access for employees and clients. Its strategic location in Mesa East, between Val Vista Drive and Greenfield Road on McDowell Road, provides effortless access to the Loop 202 Freeway, enhancing connectivity throughout the region. The surrounding area is home to established businesses such as Waxie, and is in close proximity to Falcon Field Airport and the Boeing Corporation, offering significant advantages for networking and business development. The Court at the Commons Business Park itself fosters a dynamic and collaborative environment, attracting a high-quality tenant mix. This property is ideal for businesses seeking a prominent location within a thriving commercial hub, offering both investment potential and a strategic business address. The entire 3,600 square feet is currently vacant, providing immediate occupancy for a new tenant. The Maricopa County Assessor's Parcel Numbers are 141-25-178 and 141-25-179. This is an exceptional opportunity to establish a presence in a prime Mesa location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Construction CONCRETE
Total area 3,600 SF
Lot 0.05 ac (2,312 SF)
Zoning code LI
APN 141-25-175
UPID US07-1508732

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
  • Accounting Firm Tax Preparation
  • Accounting Firm Tax Preparation
  • Corporate Office
  • Real Estate Agency
  • Property Management Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$827k
Blend (final) Blend
$160k

Owner & transaction history

since 2016
3 recorded transactions
2016
$230,400
2012
$1.0M
2009
Price N/A

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
Neighborhood: shopping center $1.1M +128.0%
Retail stores $945,000 +91.9%
Medical building $945,000 +91.8%

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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