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Property profile & analytics
FOR LEASE
Industrial properties
3321 N Reseda, Mesa, AZ 85215
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-1211355
For Lease
1 / 2
$1.20 SF/Yr
3321 N Reseda, Mesa, AZ 85215
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1986
Construction
CONCRETE
Total area
22,000 SF
Lot
1.49 ac (65,091 SF)
Zoning code
LI
APN
141-37-004V
UPID
US07-1211355
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
-
International Machine Parts Co. Industrial Manufacturer
-
All Star Framing (Bike/Boat/Book/etc) Store
-
Arvizo Turf And Paver Installations, LLC Landscaping General Contractor
-
Citron Inc Renovation Specialist General Contractor
-
LOGS Discount Wall Decor Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.12M
Owner & transaction history
Falcon Field Business Park LLC · 15 yrs held
Falcon Field Business Park LLC
since 2011
7 recorded transactions
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.7M
+3.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,610,000
Current use
WAREHOUSE, STORAGE
$3,720,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10%
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
$142 / 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
$21,235
Tax year 2023
Assessed value
$400,670
Assessed 2024
Previous assessed
$303,518
+32.0% YoY
Effective rate
5.30%
On assessed value
Land market value
$494,000
Improvement market value
$1,934,300
Total market value
$2,428,300
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
Stories
1
Total area
22,000 SF
Lot
1.49 ac (65,091 SF)
Zoning code
LI
APN
141-37-004V
UPID
US07-1211355
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Falcon Field Business Park LLC
Entity
Mailing address
2150 E HIGHLAND AVE STE #207, PHOENIX, AZ 85016-4721
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
—
Falcon Field Business Park LLC
—
Deed
related
$3,650,000 · Southern Farm Bureau Life Insurance Com
Jan 31, 2011
—
Falcon Field Business Park LLC
Falcon Field Business Park LLC
Quit Claim Deed
$1,080,000 · Standard Insurance Co
Sep 28, 2001
—
Lc De Mesa
Olsen Trust
Quit Claim Deed
$1,100,000 · Pacific Crest Bank
Sep 28, 2001
$803,000
Rodger E Pohl
Bethancourt,van C & Sharon L
Grant Deed
—
Jul 25, 2000
—
Hacendadao De Mesa Lc
Olsen,bernice W
Quit Claim Deed
related
—
Sep 23, 1999
—
Olsen Trust
Olsen,bernice W
Quit Claim Deed
related
—
Sep 13, 1999
—
Bernice W Olsen
Don K Olsen Estate
Quit Claim 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.
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?”
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