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Property profile & analytics
OFF-MARKET Estimated value $354,245,000
Showrooms

8046 Ray Rd Mesa, AZ 85212-9282

483,238 SF 35.88 ac lot Built 2020
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US07-2317355
Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2020
Total area 483,238 SF
Lot 35.88 ac (1,563,013 SF)
Zoning code AG
APN 304-30-061
UPID US07-2317355
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
  • Covid 19 Vaccine Location - AIPO Medical Laboratory
  • Dexcom Distribution Center Warehouse & Storage
  • Mesa Dexcom Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$374.63M
Blend (final) Blend
$354.25M
Owner & transaction history
CI418 LANDING 202 LLC · 6 yrs held
CI418 LANDING 202 LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
AG · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the Agricultural (AG) District is to protect and preserve agricultural lands and related activities in their present character. The intent of this district is to protect agricultural lands from incompatible land uses and urban encroachment. This district encourages the use of land for local food production. This district may also be used as a…

Zone name Agricultural
General category AGRICULTURAL
Zone area 1,206.79 ac
Source code of ordinances
Top alternative use upside
Warehouse, storage $366.1M +18.1%
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