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    Property profile & analytics
    FOR SALE
    Flex space

    424 S Gilbert Rd, Mesa, AZ 85204

    11,360 SF 0.59 ac lot Built 1982
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US07-0324919
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • A&M Graphics Fleet Branding, Car Wraps and Graphics (Bike/Boat/Book/etc) Store Printing Service
    • Airtech Automotive Auto Repair Shop
    • Lifesafer Ignition Interlock Factory Production Facility
    • Central Sign Installation (Bike/Boat/Book/etc) Store Printing Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.42M
    Blend (final) Blend
    $1.42M
    Owner & transaction history
    Airtech Enterprises LLC · 10 yrs held
    Airtech Enterprises LLC
    since 2015
    6 recorded transactions
    2019
    2015
    $540,000
    2014
    2001
    $335,000
    1999
    1999
    Zoning & alternative use
    LC · Mesa, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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