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 Market99
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: Oct 1
Last Checked: Oct 19 at 7:35AM
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
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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 / Yr
$33,716
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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
