Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3740 Signal Butte Rd Mesa, AZ 85212-7905

    • Office properties & Spaces
    • 1,255,156 SF
    • 31.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2337932
    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.

    Current Use by Public Records

    • Apple Data Center / Warehouse & Storage

    Property Details for 3740 Signal Butte Rd

    Year built
    2012
    Lot size
    31.85 lot acres
    Property size
    1,255,156 SF
    Zone code
    PC
    Property type
    Office properties & Spaces
    APN
    304-33-005S
    APU
    30433005S

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $430,753,000
      Market price range: $199M - $1.45G
      AI Estimate
      $383,876,000
      Market price range: $184M - $1.30G

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.604
    Latitude
    33.3469
    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
    $878,243
    $0.00
    $0.00
    $18,151,975
    -
    $32,080,300
    $330,959,200
    $363,039,500

    Comparable in this City

    • Value Estimation by Request
      4.02 Acres

      4135 Power Rd

      CONDOMINIUM OFFICES • 4.02 Acres
      4135 Power Rd, Mesa, AZ 85212-3624
      View Details
    • Value Estimation by Request
      4.32 Acres

      7256 89th Pl

      CONDOMINIUM OFFICES • 4.32 Acres
      7256 89th Pl, Mesa, AZ 85212-5513
      View Details
    • Value Estimation by Request
      200,976 SF

      3856 Everton Ter

      OFFICE (GENERAL) • 200,976 SF
      3856 Everton Ter, Mesa, AZ 85212-8840
      View Details
    • Value Estimation by Request
      5.65 Acres

      2919 Ellsworth Rd

      CONDOMINIUM OFFICES • 5.65 Acres
      2919 Ellsworth Rd, Mesa, AZ 85212-2164
      View Details
    • Value Estimation by Request
      3.57 Acres

      3035 Ellsworth Rd

      CONDOMINIUM OFFICES • 3.57 Acres
      3035 Ellsworth Rd, Mesa, AZ 85212-2160
      View Details
    • Value Estimation by Request
      2.79 Acres

      6859 Rembrandt Ave

      CONDOMINIUM OFFICES • 2.79 Acres
      6859 Rembrandt Ave, Mesa, AZ 85212-3628
      View Details

    Similar Nearby for Sale

    • $650,000
      3,600 SF

      Mesa Hangar with High Door

      60x60 ft hangar for airplane storage with seller financing.
      5655 S Sossaman Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing

      Commercial Land Near Desert Ridge

      Commercial land near Desert Ridge High School and Superstition Gateway.
      9914 E Guadalupe Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing

      Commercial Land Near Gateway Airport

      0.91 acre commercial land available for ground lease.
      Ssec Ray Rd & Power Rd, Mesa, AZ 85212
      View Details
    • $2,433,264
      2,550 SF

      East Guadalupe Road Jiffy Lube

      Jiffy Lube near 202 freeway with strong tenant.
      9257 E Guadalupe Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing

      Land in Elliot Tech Corridor

      Located in the heart of the Elliot Tech Corridor.
      9020 E Elliot Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      2,100 SF

      Mixed-Use Development Opportunity

      New ±11.6 acre mixed-use development for sale.
      8140 E Elliot Rd, Mesa, AZ 85212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mesa Office Space Available

      Office space for rent at State Route 24 and Ellsworth.
      24 And Ellsworth Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing

      Mesa Industrial Space For Lease

      456,889 SF industrial space in Mesa, Arizona available for lease.
      6934 E Elliot Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing

      Loop 202 & Elliot Land

      Commercial land available for rent at Loop 202 & Elliot.
      Loop 202 & Elliot Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      1,401 SF

      Retail Space on Power Road

      Retail property with high visibility and frontage on Power Road.
      4537 S Power Rd, Mesa, AZ 85212
      View Details
    • $1.85 SF/Yr

      New Industrial Buildings with Yards

      Industrial buildings with yards available for lease starting June 1, 2024.
      7303 S Hawes Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      125,717 SF

      Mesa Warehouse with Truck Courts

      Warehouse with secure truck courts and dock high loading.
      6942 E Elliot Rd, Mesa, AZ 85212
      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.
    3740 Signal Butte Rd
    Mesa, AZ 85212-7905
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!