Technical
Financial
Distress signals
Property profile

50 Hoover Ave Ste B Mesa, AZ 85210

OFF-MARKET
Flex space
Property ID
US07-2523952
7,648 SF 0.55 ac lot Built 1985
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1985
Construction CONCRETE
Total area 7,648 SF
Lot 0.55 ac (24,030 SF)
Zoning code LI
APN 139-47-055
UPID US07-2523952

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
  • Plumbing Service Building Supply
  • Production Facility
  • Painting Service General Contractor

Location

50 Hoover Ave Ste B Mesa, AZ 85210-5264
Mesa metro Census 422301 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
$2.13M
Blend (final) Blend
$660k

Owner & transaction history

since 2024
Last sale
$1.4M
7 recorded transactions
2024
$1.4M
2009
$640,000
2001
Price N/A
2000
Price N/A
2000
$2.4M
1996
$1.6M
1993
$1.2M

Zoning & alternative use

LI · Mesa, AZ
Zoning description

mbers in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP…

General category INDUSTRIAL
Top alternative use upside
Neighborhood: shopping center $2.4M +47.9%
Office building $2.3M +42.7%
Medical building $2.0M +24.3%

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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