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Property profile & analytics
FOR LEASE
Retail space

525 W Baseline Rd Mesa, AZ 85210

11,661 SF 3.5 ac lot Built 1999
Entity Owned ~ Est. High Equity
Property ID
US07-0972297
Property summary
AI-generated overview

This exceptional Class A industrial property, located at 525 W Baseline Rd in Mesa, Arizona, presents a unique owner-user opportunity. Boasting 36,140 square feet on a 4.41-acre lot, this vacant distribution/flex/warehouse facility offers significant advantages. Built in 1999 and extensively renovated in 2019, the property features a two-story building with 23-25 foot ceiling heights, two loading docks, and two dock-high doors. The 2019 renovations included a complete office refurbishment, a new concrete-paved yard, and the installation of a roof-mounted solar system, resulting in significant monthly energy savings via a solar lease. The property includes 84 parking spaces (18 covered) and an additional one-acre fenced and secure yard. The building is equipped with a 1200-amp, 120/208v power system, a sprinkler system, and LED motion-sensor lighting. Zoned LI by the City of Mesa, this property is ideal for a variety of industrial uses. The asking price is $10,000,000, translating to $276.70 per square foot. Parcel numbers are 302-04-006M & 302-04-006R. This is a rare opportunity to acquire a fully improved, modern industrial facility in a prime Mesa location. The property is vacant and ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction STEEL FRAME
Total area 11,661 SF
Lot 3.5 ac (152,460 SF)
Zoning code LI
APN 302-04-006M
UPID US07-0972297
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
  • Soul-r Solar Energy Company
  • CR Power Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.51M
Blend (final) Blend
$6.74M
Owner & transaction history
Vns Holdings LLC
Vns Holdings LLC
since 2026
Last sale
$9.0M
7 recorded transactions
2026
$9.0M
2024
Price N/A
2019
Price N/A
2018
$4.0M
2013
Price N/A
2006
$6.4M
1997
$457,380
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $7.5M +149.0%
Restaurant $7.5M +148.3%
Auto repair, garage $5.1M +71.0%
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More about this property
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