Three-Story Office
For Sale
$2,000,000
109-40 W Brown Rd, Mesa, AZ 85201
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$207.38
Days on Market364
Property Features for 109-40 W Brown Rd
General Information
Standard status
Active
Size
9,644 SF
Taxes and HOA fees
Annual Taxes
$10,656
Listing Agency:
ProSmart Realty
(480) 540-2213
Listed By:
Melanie Tovar · License #SA684969000
(480) 784-7365
Source:
Exprealty
Added: Oct 27, 2025
Changed: Oct 25
Last Checked: Oct 24 at 8:15PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,064
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,601,280
$2.6M
Cap Rate 7%
$1,858,057
$1.9M
Cap Rate 9%
$1,445,156
$1.4M
Market Conditions
NOI Build-Up for 9,644 SF
Gross rent
$214.1K $22.20/SF
− Vacancy
−$40.7K −$4.22/SF
EGI
$173.4K $17.98/SF
− OpEx
−$43.4K −$4.50/SF
NOI
$130.1K $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%
$2,601,280
Cap Rate 7%
$1,858,057
Cap Rate 9%
$1,445,156
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,064 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,981 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
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
Frequently Asked Questions
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 $2,000,000.
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
