Turnkey Office Building with
For Sale
Contact for pricing
2152 S Vineyard, Mesa, AZ 85210
Turnkey, newly renovated office building with front and rear entrances, private offices, and covered parking.
Property Size4,001 SF
Price / SF$294.37
Days on Market1011
Property Features for 2152 S Vineyard
General Information
Standard status
Active
Size
4,001 SF
Total Parking Spaces
5
Property subtype
OFFICE
Amenities
conference room
private offices
utility room with shower
bullpen
private entrance
Listing Agency:
Cutler Commercial
(480) 510-9434
Listed By:
Bradley Burress · License #SA030383000
(480) 510-9434
Source:
Moodyscre
Added: Oct 24, 2023
Changed: Jul 26
Last Checked: Jul 30 at 7:45AM
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 Cutler Commercial
Investment Insights
Based on property information with market context.
This turnkey office building has been newly renovated with updated improvements, including modern amenities, upgraded flooring, and new ceiling throughout. The layout includes nine private offices, a large open room or conference room, a large bullpen with a private entrance, and two restrooms plus a utility room with a full shower. The property also has front and rear entrances and may have potential to be split for two-tenant occupancy.
Located in South West Mesa within Vanderbilt Plaza, the building provides easy access to Baseline Road and Country Club Drive.
Parking includes five covered spaces that are included on a pro rata basis.
Located in South West Mesa within Vanderbilt Plaza, the building provides easy access to Baseline Road and Country Club Drive.
Parking includes five covered spaces that are included on a pro rata basis.
Key Highlights
- Newly renovated office building with front and rear entrances
- 9 private offices plus a large open room or conference room
- Two restrooms and a utility room with full shower
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 | $115.7k | $28.92 |
| − Vacancy | −$24.3k | −$6.07 |
| EGI | $91.4k | $22.85 |
| − OpEx | −$22.9k | −$5.71 |
| NOI | $68.6k | $17.14 |
4,001 SF · lease $28.92/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$979.4K
$857.0K – $1.14M
NOI $68,558 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,769 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey, newly renovated office building with front and rear entrances, private offices, and covered parking.
Where is this office building located?
The property is located at 2152 S Vineyard Mesa, AZ.
What is the asking price?
The asking price for this property is $1,177,777.
What are key features of this property?
This property features: Newly renovated office building with front and rear entrances; 9 private offices plus a large open room or conference room; Two restrooms and a utility room with full shower
