Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2911 Norwalk Mesa, AZ 85215-1131
    Back to Search
    Property profile & analytics

    2911 Norwalk Mesa, AZ 85215-1131

    View on Map
    • Industrial properties
    • 7,800 SF
    • 0.78 lot acres
    Off-Market
    Last Sale Sep 21, 2023
    $950,000
    Property ID
    US07-1355750
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    8.3%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Family Care Insurance LLC / Insurance Agency
    • Mountain Regional Equipment Solutions / Warehouse & Storage
    • Rainforest Plumbing and Air / HVAC Service / General Contractor

    Property Details for 2911 Norwalk

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    0.78 lot acres
    Property size
    7,800 SF
    Zone code
    LI
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    141-25-107
    APU
    14125107

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $930,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,295,000
      6.5%
      $1,195,000
      7%
      $1,110,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,280,000
      Current use
      WAREHOUSE, STORAGE
      $1,320,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.742
    Latitude
    33.4693
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,433
    $0.00
    $0.00
    $237,699
    -
    $289,500
    $1,151,100
    $1,440,600

    Comparable in this City

    • Value Estimation
      $2,210,000
      8,399 SF

      2925 Norwalk

      INDUSTRIAL LOFT BUILDING • 8,399 SF
      2925 Norwalk, Mesa, AZ 85215-1131
      View Details
    • Value Estimation
      $11,375,000
      56,857 SF

      4242 Palm St

      INDUSTRIAL LOFT BUILDING • 56,857 SF
      4242 Palm St, Mesa, AZ 85215-1134
      View Details
    • Value Estimation
      $1,535,000
      5,568 SF

      4441 Virginia St

      INDUSTRIAL LOFT BUILDING • 5,568 SF
      4441 Virginia St, Mesa, AZ 85215-9751
      View Details
    • Value Estimation
      $3,120,000
      22,000 SF

      3321 Reseda

      INDUSTRIAL LOFT BUILDING • 22,000 SF
      3321 Reseda, Mesa, AZ 85215-9125
      View Details
    • Value Estimation
      $1,570,000
      4,240 SF

      2863 Norwalk

      INDUSTRIAL LOFT BUILDING • 4,240 SF
      2863 Norwalk, Mesa, AZ 85215-1133
      View Details
    • Value Estimation
      $1,545,000
      4,921 SF

      4005 Palm St

      INDUSTRIAL LOFT BUILDING • 4,921 SF
      4005 Palm St, Mesa, AZ 85215-1156
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mesa Industrial Land Available

      Prime industrial land for sale in Mesa, Arizona.
      48Th St, Mesa, AZ 85215
      View Details
    • $5,895,000
      53,356 SF

      Thunderbird Executive Plaza: Mesa, AZ

      53,356 SF Multi-Tenant Office/Warehouse
      2550 Thunderbird Cir, Mesa, AZ 85215
      View Details
    • $5,350,000
      20,544 SF

      Mesa Industrial/Flex Building For Sale

      Industrial/Flex building with 20,544 square feet available for purchase.
      4220 E Mcdowell Rd, Mesa, AZ 85215
      View Details
    • $6,500,000

      Shovel-Ready East Mesa Industrial Land

      Industrial-zoned land with permits for 640 RV/Boat storage units.
      5305 E Thomas Rd, Mesa, AZ 85215
      View Details
    • $5,350,000

      Mesa Block Construction Property

      Block construction property available in Mesa, Arizona.
      4220 East Mcdowell Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing

      Retail Space in Mesa Center

      Retail shop space for lease in North Mesa shopping center.
      2920 North Power Rd, Mesa, AZ 85215
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mesa Industrial & Office Suites

      Industrial and office suites available for lease in Mesa, Arizona.
      2618-2716 E Mcdowell Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing

      Mesa Industrial & Office Suites

      Industrial and office suites available for lease in Mesa, Arizona.
      4215 E Mcdowell Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      53,645 SF

      Freestanding Warehouse Building in Mesa

      53,645 SF freestanding building on 5.81 acres for lease.
      5400 East Mcdowell Rd, Mesa, AZ 85215
      View Details
    • $1.45 SF/Yr

      Industrial & Office Suites Available

      Industrial and office suites for lease near Falcon Field Airport.
      2702 N Ogden Rd, Mesa, AZ 85215
      View Details
    • $1.37 SF/Yr

      Mesa Flex Space Available

      Office/warehouse space for lease in Mesa, Arizona.
      2942 N Greenfield Rd, Mesa, AZ 85215
      View Details
    • Contact for pricing
      68,700 SF

      Mesa Grandview Business Park

      Innovative industrial and flex-office project in Mesa, Arizona.
      N Greenfield Rd, Mesa, AZ 85215
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2911 Norwalk
    Mesa, AZ 85215-1131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2911 Norwalk, Mesa, AZ, 85215
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!