Mixed-Use Healthcare
For Sale
Contact for pricing
1051 North Grand, Mesa, AZ 85201
For sale mixed-use healthcare property totaling 2,500 sq ft at 1051 North Grand, Mesa, AZ.
Property Size2,500 SF
Price / SF$348
Days on Market54
Property Features for 1051 North Grand
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
6
Property subtype
Mixed Use, Special Purpose
Zoning
R-6
Investment Type
Owner/User
Building Details
Year Built
1951
Year Renovated
2015
Buildings
3
Units
1
Listing Agency:
Opportunity 2 Own Real Estate, LLC
Listed By:
Jeanie Teyechea · License #BR555154000
(602) 320-1347
Source:
Crexi
Added: Jul 13
Changed: Aug 26
Last Checked: Sep 1 at 10:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Opportunity 2 Own Real Estate, LLC
Investment Insights
Based on property information with market context.
This for-sale mixed-use healthcare property is listed at 2,500 sq ft and marketed as a combination of healthcare and office-oriented space. The listing presents the asset under multiple related property types, including assisted living facilities, medical office space, and medical centers, supporting its healthcare-focused use profile.
The property is located at 1051 North Grand in Mesa, Arizona (85201). It is currently offered for sale at a stated list price of $870,000. For buyers and tenants evaluating healthcare-related conversions or occupancy, the key takeaway from the available information is the property’s mixed-use configuration and its overall size of 2,500 sq ft.
The property is located at 1051 North Grand in Mesa, Arizona (85201). It is currently offered for sale at a stated list price of $870,000. For buyers and tenants evaluating healthcare-related conversions or occupancy, the key takeaway from the available information is the property’s mixed-use configuration and its overall size of 2,500 sq ft.
Key Highlights
- Mixed‑use healthcare property for sale at 1051 North Grand, Mesa, AZ
- 2,500 sq ft total building size
- Built in 1951
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,320
$674.3K
Cap Rate 7%
$481,657
$481.7K
Cap Rate 9%
$374,622
$374.6K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.5K $22.20/SF
− Vacancy
−$10.5K −$4.22/SF
EGI
$45.0K $17.98/SF
− OpEx
−$11.2K −$4.50/SF
NOI
$33.7K $13.49/SF
Area
ZIP 85201
Vacancy
19.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,320
Cap Rate 7%
$481,657
Cap Rate 9%
$374,622
Alternative Uses
Best Use
Office B
$481.7K
$421.5K – $561.9K
NOI $33,716 @ 7.0% cap · market cap 3.88%
Second Best
Healthcare Medical
$480.6K
$420.5K – $560.7K
NOI $33,642 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mesa Silvercrest — 255 E 6th St, Mesa, AZ 85201
- The Vital Signs Health — 661 W 10th St, Mesa, AZ 85201
- Mesa Christian Health and Rehabilitation Center — 255 W Brown Rd, Mesa, AZ 85201
- Mesa Christian Residential Care Center — 215 w brown rd, mesa, az 85201
- Evergreen Healthcare — 215 W Brown Rd, Mesa, AZ 85201
Frequently Asked Questions
What type of property is this?
Assisted living facility - For sale mixed-use healthcare property totaling 2,500 sq ft at 1051 North Grand, Mesa, AZ.
Where is this assisted living facility located?
The property is located at 1051 North Grand Mesa, AZ.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Mixed‑use healthcare property for sale at 1051 North Grand, Mesa, AZ; 2,500 sq ft total building size; Built in 1951
