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    3321 N Reseda Mesa, AZ 85215
    Property profile & analytics

    3321 N Reseda Mesa, AZ 85215

    View on Map
    • Industrial properties
    • 22,000 SF
    • 1.49 lot acres
    For Lease
    $1.20 SF/Yr
    View Listing →
    Mesa Flex Space For Rent For Lease
    $1.20 SF/Yr
    1,000 SF

    Mesa Flex Space For Rent

    Flex space available east of Greenfield, north of McKellips.

    3321 N Reseda, Mesa, AZ
    View Listing
    Property ID
    US07-1211355
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 3321 N Reseda

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    1.49 lot acres
    Property size
    22,000 SF
    Zone code
    LI
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    141-37-004V
    APU
    14137004V

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,117,000
      Market price range: $1.05M - $8.16M
      AI Estimate
      $3,117,000
      Market price range: $1.05M - $8.16M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,610,000
      Current use
      WAREHOUSE, STORAGE
      $3,720,000
      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
    -111.728
    Latitude
    33.4762
    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
    $21,235
    $0.00
    $0.00
    $400,670
    -
    $494,000
    $1,934,300
    $2,428,300

    Comparable in this City

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      3951 Palm St

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    • Value Estimation
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      6,950 SF

      4064 Presidio St

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      4064 Presidio St, Mesa, AZ 85215-1119
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    • Value Estimation
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      4,631 SF

      3950 Presidio St

      INDUSTRIAL LOFT BUILDING • 4,631 SF
      3950 Presidio St, Mesa, AZ 85215-1141
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    • Value Estimation by Request
      2,080 SF

      3960 Palm St

      INDUSTRIAL LOFT BUILDING • 2,080 SF
      3960 Palm St, Mesa, AZ 85215-1105
      View Details
    • Value Estimation
      $2,245,000
      9,862 SF

      2848 Omaha

      INDUSTRIAL LOFT BUILDING • 9,862 SF
      2848 Omaha, Mesa, AZ 85215-1108
      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
    • $5,350,000
      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
    • $5,895,000
      53,356 SF

      Thunderbird Executive Plaza: Mesa, AZ

      53,356 SF Multi-Tenant Office/Warehouse
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      53,356 SF

      Falcon Field Runways Access

      Office building with direct access to Falcon Field runways.
      2550 N Thunderbird Cir, Mesa, AZ 85215
      View Details
    • Contact for pricing

      Land Near Loop 202

      4.9 acres of commercial land with excellent Loop 202 frontage.
      56Th St, 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
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    Similar Nearby for Lease

    • 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
    • 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
    • Contact for pricing

      Mesa Warehouse Space Available

      Divisible warehouse space with dock and grade level positions available.
      2862 N 58 Cir, Mesa, AZ 85215
      View Details
    • Contact for pricing

      Mesa Warehouse Space Available

      Divisible warehouse space with dock and grade-level loading.
      5710 E Mcdowell Rd, Mesa, AZ 85215
      View Details
    View Listing
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    Mesa, AZ 85215
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    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
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