827 Grove AveMesa, AZ 85210

Property Details for 827 Grove Ave

Year built

1994

Construction

CONCRETE

Lot size

5.09 AC

Property size (Sq ft)

14,028 SF

Zone code

LC

Property type

Office properties

Property subtype

Office buildings

APN

134-23-017E

APU

13423017E

Description

This exceptional 70,000-square-foot flex space property, located at 827 W Grove Ave in Mesa, Arizona (zip code 85210), presents a unique investment opportunity. Situated on a generous 5.09-acre lot, this two-story building offers ample space for a variety of uses, making it perfect for businesses requiring both office and warehouse/lab space. The property boasts grade-level loading, significantly enhancing operational efficiency. Low net, net, net (NNN) costs contribute to a strong return on investment. The strategic location within Maricopa County provides easy access to the Southeast Valley's robust labor pool and desirable demographics. The property benefits from convenient access to major transportation arteries, with full diamond interchanges at US 60 and Alma School Road ensuring seamless commutes. Furthermore, the property's proximity to numerous restaurants offers employees a wide variety of dining options within walking distance. This property is for sale and represents a compelling opportunity for businesses seeking a well-located, versatile, and cost-effective space in a thriving Arizona market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,163,603

  6.5%

  $3,843,326

  7%

  $3,568,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,951,852

  Geo Method

  $2,951,852

• Alternative Use

  Use

  Valuation

  Residential

  $4,765,724

  Hospitality

  $4,365,378

  Educational

  $3,631,943

  Medical

  $3,756,851

  Retail

  $5,649,690

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3897

Longitude

-111.85

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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