This exceptional 3,650-square-foot freestanding flex building is ideally situated in Mesa's vibrant Central Business District, along Country Club Drive. Boasting high visibility and convenient access to major freeways (US-60, US-101, and US-202), this property offers a unique blend of warehouse and office space. Built in 1935 and extensively renovated in 2017, the single-story building features a 16-foot ceiling height, 100% air conditioning, four private offices (three measuring 14' x 11' and one 14' x 8'), a reception area, kitchenette, two storage rooms, and two bathrooms. Two grade-level roll-up doors provide easy access for loading and unloading. The 0.26-acre lot includes three 48' x 8' and three 28' x 8' shipping containers, providing ample additional outdoor storage. The property's location within a densely populated area (nearly 400,000 residents within a 5-mile radius) and its proximity to Arizona State University, Tempe Marketplace, Mesa Riverview, and Mesa Community College make it an attractive investment opportunity. The high daily traffic count on Country Club Drive (nearly 35,000 vehicles) ensures excellent visibility and accessibility. This property is zoned DB-1 and offers a rare opportunity to acquire a freestanding flex building in a thriving urban setting. The asking price is $920,000, with a price per square foot of $252.05. The property is currently vacant.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,319,260
6.5%
$1,217,780
7%
$1,130,800
Comparable approach
Method
Valuation
Relative Method
$853,956
Geo Method
$853,956
Alternative Use
Use
Valuation
Industrial / Distribution
$2,373,630
Mixed-Use / Specialty
$1,213,910
Hospitality / Lodging
$891,213
Office
$1,207,180
Institutional / Educational
$1,262,140
Residential Income
$1,476,700
Multifamily
$1,768,490
Automotive / Energy
$1,081,830
Parking / Income-Based Land
$372,866
Restaurant / Food Service
$632,360
Healthcare / Senior Housing
$1,244,360
Location Insight
City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4129
Longitude
-111.841
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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