Property profile

2902 Norfolk Mesa, AZ 85215

OFF-MARKET
Warehouses
Property ID
US07-3130186
4,000 SF 0.53 ac lot Built 2003
Entity Owned 22-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2003
Construction CONCRETE
Total area 4,000 SF
Lot 0.53 ac (22,981 SF)
Zoning code LI
APN 141-25-134
UPID US07-3130186

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
  • Plumbing Service General Contractor

Location

2902 Norfolk Mesa, AZ 85215-1135
Mesa metro Census 420304 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
$1.18M
Blend (final) Blend
$840k

Owner & transaction history

since 2003
2 recorded transactions
2003
$829,320
2002
$980,820

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 $1.8M +160.7%
Neighborhood: shopping center $1.2M +84.2%
Retail stores $1.1M +55.1%

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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