1918 Higley RdMesa, AZ 85205

Property Details for 1918 Higley Rd

Year built

2006

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

4,200 SF

Zone code

LI

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

141-35-042

APU

14135042

Description

This 6,200-square-foot industrial property in Mesa, Arizona, offers a versatile blend of warehouse and office space. The building, constructed in 2006, features a 2,200-square-foot air-conditioned warehouse with a 14-foot roll-up door, perfect for storage and distribution. An additional 4,000 square feet is dedicated to office space, providing ample room for administrative functions. Located at 1918 N Higley Rd, 85205, this single-tenant property benefits from high visibility due to signage on Higley Road. The lease is a NNN (Net, Net, Net) agreement, with a monthly rent of $8,785, translating to $1.08 per square foot. This prime location offers easy access to major freeways including US-60, I-10, Loop 101, and 202, and is conveniently situated minutes from Falcon Field Airport. The property is zoned L-I by the City of Mesa. This is an exceptional opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving Arizona market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,650,998

  6.5%

  $1,523,998

  7%

  $1,415,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,468,526

  Geo Method

  $1,468,526

• Alternative Use

  Use

  Valuation

  Residential

  $1,523,998

  Hospitality

  $1,395,974

  Educational

  $1,161,434

  Medical

  $1,201,378

  Retail

  $1,806,676

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4503

Longitude

-111.72

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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