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Property profile & analytics
FOR LEASE
Industrial land
5400 East Mcdowell Rd Mesa, AZ 85215
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-2057531
For Lease
1 / 7
$14,966,955 SF/Yr
5400 East Mcdowell Rd, Mesa, AZ 85215
View Listing →
Property summary
AI-generated overview
This exceptional 53,645-square-foot warehouse, built in 2023, is situated on a 5.81-acre lot in Mesa, Arizona (85215). The single-story building boasts a 28-foot clear height, perfect for various industrial uses. Access is provided by 16 dock-high doors and 4 grade-level doors, supported by 122 parking spaces. The property features a secure, paved, and fenced rear yard area. The warehouse is zoned LI SINGLE STORY and includes 1,600 amps of 277/480-volt service. Its strategic location offers easy access to major transportation routes, being approximately 1.5 miles from the full diamond interchange at Higley and Recker Roads. Enjoy views of the Longbow Golf Course. The asking price is $16,100,000, and the property is offered as a NNN lease. This is a rare opportunity to acquire a modern, high-quality industrial space in a desirable location. The APN is 141-41-013.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
5.81 ac (253,020 SF)
Zoning code
I-1
APN
141-41-013
UPID
US07-2057531
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Ctc Properties LLC · 3 yrs held
Ctc Properties LLC
since 2022
Last sale
$2.0M
2 recorded transactions
Zoning & alternative use
I-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,065,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.02M (Aug 31 2022)
Last sale anchor
$2.02M
Aug 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,441
Tax year 2022
Assessed value
$266,340
Assessed 2024
Previous assessed
$225,705
+18.0% YoY
Effective rate
5.05%
On assessed value
Land market value
$1,775,600
Total market value
$1,775,600
Applied tax rate
41,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Heating
NONE
Lot
5.81 ac (253,020 SF)
Zoning code
I-1
APN
141-41-013
UPID
US07-2057531
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Mesa, AZ
Zoning I-1 · permitted uses
I-1 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
5.81 ac
Current owner
From public records · entity-resolved
Ctc Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
529 OAKHOLLOW CT, BOUNTIFUL, UT 84010-3360
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Ctc Properties LLC
—
Deed
related
$7,000,000 · Goldenwest FCU
Aug 31, 2022
$2,024,180
Ctc Properties LLC
Dover Associates LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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