Office Building with Upcoming Suite
New
For Sale
$1,950,000
106-1757 E Baseline Rd, Gilbert, AZ 85233
Professional office improvements are complemented by covered and surface parking and on-site signage opportunities.
Property Size5,140 SF
Price / SF$379.38
Days on Market4
Property Features for 106-1757 E Baseline Rd
General Information
Standard status
Active
Size
5,140 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$10,862
Amenities
professional office improvements
signage opportunities
Building Details
Buildings
1
Building Size
5,140 SF
Tenancy
Multi
Listing Agency:
Compass
(480) 776-1555
Listed By:
Blake Mallery · License #SA680838000
(602) 851-7677
Source:
Exprealty
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 2:15PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The ±5,140 SF professional office building is leased to two tenants. Approximately ±3,858 SF across Suites 105, 107 and 108 is anticipated to become available beginning April 1, 2027. Suite 106 is leased through September 30, 2027, providing a period of continued tenancy alongside the scheduled suite availability. The roof was replaced in 2026.
Property features include covered and surface parking, professional office improvements, and signage opportunities. The property is located on E Baseline Road in Gilbert, Arizona.
Property features include covered and surface parking, professional office improvements, and signage opportunities. The property is located on E Baseline Road in Gilbert, Arizona.
Key Highlights
- ±5,140 SF office building
- Approximately ±3,858 SF in Suites 105, 107 and 108 anticipated available beginning April 1, 2027
- Suite 106 leased through September 30, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,944
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,880
$1.5M
Cap Rate 7%
$1,070,629
$1.1M
Cap Rate 9%
$832,711
$832.7K
Market Conditions
NOI Build-Up for 5,140 SF
Gross rent
$124.0K $24.12/SF
− Vacancy
−$24.1K −$4.68/SF
EGI
$99.9K $19.44/SF
− OpEx
−$25.0K −$4.86/SF
NOI
$74.9K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,880
Cap Rate 7%
$1,070,629
Cap Rate 9%
$832,711
Alternative Uses
Best Use
Office B
$1.07M
$936.8K – $1.25M
NOI $74,944 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,466 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 85233, AZ
39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Professional office improvements are complemented by covered and surface parking and on-site signage opportunities.
Where is this office building located?
The property is located at 106-1757 E Baseline Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: ±5,140 SF office building; Approximately ±3,858 SF in Suites 105, 107 and 108 anticipated available beginning April 1, 2027; Suite 106 leased through September 30, 2027
