Mesa Office Building For
61 N Hibbert Mesa, AZ
61 N Hibbert, Mesa, AZ, 00000
Contact for pricing
For Sale
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4,022 SF office building in a strategic Mesa location.
Property Size4,022 SF
Lot Size0.23 Acres
Price / SF$198.88
Days on Market436
Property Features for 61 N Hibbert
General Information
- Standard status
- Active
- Size
- 4,022 SF
- Lot size
- 0.23 Acres
- Property subtype
- SPECIALTY
Listing agency
LRA Real Estate Group LLC
(602) 451-3684
Listed by
Don Mortensen · License #BR529840000
Source
Moodyscre
Added: May 14, 2025 Updated: Jul 6 at 10:53AM Checked: Jul 22 at 4:15AM
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 LRA Real Estate Group LLC
Investment Insights
Based on property information with market context.
This is a 4,022 square foot office building constructed in 1956. The property is located in Mesa, Arizona, and is zoned DC.
Key Highlights
- 4,022 SF office building
- Strategic Mesa location
- Zoned DC
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 | $116.3k | $28.92 |
| − Vacancy | −$24.4k | −$6.07 |
| EGI | $91.9k | $22.85 |
| − OpEx | −$23.0k | −$5.71 |
| NOI | $68.9k | $17.14 |
4,022 SF · lease $28.92/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$984.5K
$861.5K – $1.15M
NOI $68,917 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,172 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - 4,022 SF office building in a strategic Mesa location.
Where is this office building located?
The property is located at 61 N Hibbert Mesa, AZ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 4,022 SF office building; Strategic Mesa location; Zoned DC
