Three-Story Office
109-40 W Brown Rd Mesa, AZ 85201
109-40 W Brown Rd, Mesa, AZ, 85201
$2,100,000
For Sale
$2,100,000
Pristine three-story office building with a finished basement and separate building, plus two gated parking areas with some covered spaces.
Property Size9,644 SF
Price / SF$217.75
Days on Market270
Property Features for 109-40 W Brown Rd
General Information
- Standard status
- Active
- Size
- 9,644 SF
Listing agency
ProSmart Realty
(480) 784-7365
Listed by
Melanie Tovar
(480) 784-7365
Source
Exprealty
Added: Oct 27, 2025 Updated: Jul 22 at 3:15PM Checked: Jul 22 at 3:15PM
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 ProSmart Realty
Investment Insights
Based on property information with market context.
The property consists of a three-story office building with a finished basement, along with a separate building. The two-gated parking setup includes some covered spaces, supporting convenient daily access for occupants and visitors. Public remarks indicate the property is in pristine condition with no deferred maintenance.
Conveniently located for access to downtown Mesa, the site is readily reached from SR 202 and US 60 via Country Club Drive.
Overall, this is a well-maintained office-oriented asset with an established parking arrangement and multi-building configuration designed to support business use.
Conveniently located for access to downtown Mesa, the site is readily reached from SR 202 and US 60 via Country Club Drive.
Overall, this is a well-maintained office-oriented asset with an established parking arrangement and multi-building configuration designed to support business use.
Key Highlights
- 10,000 SF three‑story office building with a finished basement
- Pristine condition with no deferred maintenance reported
- Separate building on the property
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 | $214.1k | $22.20 |
| − Vacancy | −$40.7k | −$4.22 |
| EGI | $173.4k | $17.98 |
| − OpEx | −$43.4k | −$4.50 |
| NOI | $130.1k | $13.49 |
9,644 SF · lease $22.20/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,064 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,981 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Pristine three-story office building with a finished basement and separate building, plus two gated parking areas with some covered spaces.
Where is this office building located?
The property is located at 109-40 W Brown Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 10,000 SF three‑story office building with a finished basement; Pristine condition with no deferred maintenance reported; Separate building on the property
