Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7925 Ray Rd Mesa, AZ 85212-9299

    • Flex space
    • 53,716 SF
    • 40.33 lot acres
    OFF-MARKET
    Last Sale
    Jan 27, 2022
    Value Estimations
    $3,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1722363
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Huesman Brothers / Door Shop
    • Lippert / Manufacturer
    • No Limit Turf / Turf Supplier
    • GameChange Solar Arizona Training Facility / Solar Energy Equipment Supplier

    Property Details for 7925 Ray Rd

    Year built
    2021
    Lot size
    40.33 lot acres
    Property size
    53,716 SF
    Zone code
    LI
    Property type
    Flex space
    APN
    304-30-070
    APU
    30430070

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,719,000
      Market price range: $1.13M - $3.72M
      AI Estimate
      $3,719,000
      Market price range: $1.13M - $3.72M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.663
    Latitude
    33.3247
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $748,975
    $0.00
    $0.00
    $13,677,048
    -
    $6,679,800
    $76,211,400
    $82,891,200

    Comparable in this City

    • Value Estimation
      $31,080,000
      448,855 SF

      3453 96th St

      LIGHT INDUSTRIAL • 448,855 SF
      3453 96th St, Mesa, AZ 85212-2171
      View Details
    • Value Estimation
      $4,060,000
      58,634 SF

      7613 Ray Rd

      LIGHT INDUSTRIAL • 58,634 SF
      7613 Ray Rd, Mesa, AZ 85212-9264
      View Details
    • Value Estimation
      $9,000,000
      272,668 SF

      4232 Sossaman Rd

      LIGHT INDUSTRIAL • 272,668 SF
      4232 Sossaman Rd, Mesa, AZ 85212-9852
      View Details
    • Value Estimation
      $6,835,000
      260,990 SF

      Mesa, AZ 85212

      LIGHT INDUSTRIAL • 260,990 SF
      Mesa, AZ 85212
      View Details
    • Value Estimation by Request
      34,483 SF

      19349 Germann Rd

      Life science properties • 34,483 SF
      19349 Germann Rd, Mesa, AZ 85212
      View Details
    • Value Estimation
      $16,060,000
      146,695 SF

      7158 Seaver Ave

      LIGHT INDUSTRIAL • 146,695 SF
      7158 Seaver Ave, Mesa, AZ 85212-3297
      View Details

    Similar Nearby for Sale

    • $4,299,000
      1 SF

      Freestanding Industrial Facility For Sale

      9,941 SF industrial facility with secured yards and modern amenities.
      6922 Via E, Mesa, AZ 85212
      View Details
    • $2,850,000
      5,221 SF

      Mesa Service Facility with Yard

      5,221 SF service facility with office, industrial, and yard.
      6926-6938 Parkway Norte E, Mesa, AZ 85212
      View Details
    • Contact for pricing
      5,221 SF

      Mesa Service Facility with Yard

      5,221 SF Mesa facility with warehouse, offices, and yard.
      6926-6938 Pkwy East, Mesa, AZ 85212
      View Details
    • Contact for pricing
      330,496 SF

      Mesa Warehouse with Extensive Frontage

      70,148 SF warehouse with frontage on Power Road.
      202 Power Rd & Loop, Mesa, AZ 85212
      View Details
    • Contact for pricing
      46,940 SF

      Mesa Warehouse Space Available

      47,096 SF warehouse space for sale in Mesa, Arizona.
      7157 E Seaver Ave, Mesa, AZ 85212
      View Details
    • Contact for pricing
      24.50 Acres

      Prime Queen Creek Industrial Land

      24.5 Acres, Light Industrial Zoning
      0 Meridian & Pecos Rd, Mesa, AZ 85212
      View Details

    Similar Nearby for Lease

    • $1.95 SF/Yr
      5,295 SF

      Mesa Warehouse with Gated Yard

      Industrial warehouse with fenced yard and office space available for lease.
      8607 E Pecos Rd, Mesa, AZ 85212
      View Details
    • $2 SF/Yr
      2,354 SF

      Mesa Flex Space For Rent

      Flex space available for lease near Mesa Gateway Airport.
      8029 E Pecos Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      124,594 SF

      Mesa Warehouse with Loop 202 Access

      124,594 SF warehouse with Loop 202 visibility and access.
      8945 E Peterson Ave, Mesa, AZ 85212
      View Details
    • Contact for pricing
      270,301 SF

      Mesa Warehouse and Distribution Space

      270,301 SF warehouse and distribution space with secured truck courts.
      7244 E Warner Rd, Mesa, AZ 85212
      View Details
    • $1.85 SF/Yr
      24,945 SF

      Functional Warehouse with Excellent Frontage

      Warehouse featuring high visibility, ample parking, and efficient traffic flow.
      8817 E Pecos Rd, Mesa, AZ 85212
      View Details
    • Contact for pricing
      191,577 SF

      Mesa Warehouse with 32' Clearance

      191,577 SF warehouse space available for lease in Mesa.
      Elliot Rd, Mesa, AZ 85212
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7925 Ray Rd
    Mesa, AZ 85212-9299
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.