Mixed-Use Healthcare
1051 North Grand Mesa, AZ 85201
1051 North Grand, Mesa, AZ, 85201
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For Sale
Contact for pricing
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 Market9
Property Features for 1051 North Grand
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Mixed Use, Special Purpose
Building Details
- Year Built
- 1951
Listing agency
Opportunity 2 Own Real Estate, LLC
(602) 320-1347
Listed by
Jeanie Teyechea · License #BR555154000
Source
Crexi
Added: Jul 13 Updated: Jul 21 at 1:13AM Checked: Jul 21 at 4:30AM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.5k | $22.20 |
| − Vacancy | −$10.5k | −$4.22 |
| EGI | $45.0k | $17.98 |
| − OpEx | −$11.2k | −$4.50 |
| NOI | $33.7k | $13.49 |
2,500 SF · lease $22.20/SF/yr · vacancy 19.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Evergreen Healthcare — 215 W Brown Rd, Mesa, AZ 85201
- Mesa Christian Residential Care Center — 215 w brown rd, mesa, az 85201
- The Vital Signs Health — 661 W 10th St, Mesa, AZ 85201
- Mesa Silvercrest — 255 E 6th St, Mesa, AZ 85201
- Mesa Christian Health and Rehabilitation Center — 255 W Brown Rd, Mesa, AZ 85201
FAQs
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
