Property profile

424 S Gilbert Rd Mesa, AZ 85204

FOR SALE
Flex space
Property ID
US07-0324919
11,360 SF 0.59 ac lot Built 1982
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This ±12,010 square foot industrial building sits on a 0.58-acre lot in Mesa, Arizona, at 424 S Gilbert Rd, 85204. Currently configured as an automotive repair shop, this versatile property offers significant potential for various uses, including flex space and warehouse operations. The building features four grade-level doors, approximately 650 square feet of office space, and a desirable 14-20 foot clear ceiling height. Its location provides excellent visibility and accessibility, with frontage on Gilbert Road near the intersection of Broadway Road and Gilbert Road. The property is zoned LC (City of Mesa), allowing for a range of industrial and commercial activities. The asking price is $2,250,000, translating to $187.34 per square foot. The property will be delivered vacant upon sale. The parcel number is 139-01-049F. This is a rare opportunity to acquire a well-located, adaptable industrial property in a thriving market. The substantial size, combined with its convenient location and flexible zoning, makes this an attractive investment for a variety of businesses.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1982
Construction STEEL FRAME
Total area 11,360 SF
Lot 0.59 ac (25,584 SF)
Zoning code LC
APN 139-01-049F
UPID US07-0324919

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
  • (Bike/Boat/Book/etc) Store Printing Service
  • Auto Repair Shop
  • Factory Production Facility
  • (Bike/Boat/Book/etc) Store Printing Service

Location

424 S Gilbert Rd Mesa, AZ 85204
Mesa metro Census 421802 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$555k

Owner & transaction history

since 2015
6 recorded transactions
2019
Price N/A
2015
$540,000
2014
Price N/A
2001
$335,000
1999
Price N/A
1999
Price N/A

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL

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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