Medical Office Space with Three
For Sale
Contact for pricing
604 W Warner Rd, Chandler, AZ 85225
NNN medical office building with three suites, including two fully leased and one vacant suite.
Property Size7,816 SF
Price / SF$335.40
Days on Market456
Property Features for 604 W Warner Rd
General Information
Standard status
Active
Size
7,816 SF
Property subtype
OFFICE
Financials
Asking Price
$2,621,464
Cap Rate
6.25%
Additional Details
Office Units
3
Building Details
Year Built
1987
Buildings
1
Building Size
7,816 SF
Tenancy
Multi
Listing Agency:
Commercial Properties Inc
(602) 315-7131
Listed By:
Tyson Breinholt · License #BR517298000
(602) 315-7131
Source:
Moodyscre
Added: May 1, 2025
Changed: Jul 30
Last Checked: Jul 30 at 5:33PM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
604 W Warner Rd, Building D, is an NNN medical office property offering three office suites designed for healthcare users. Suites 1 and 2 are fully leased, comprising 3,972 SF, while Suite 3 is vacant at 3,843 SF and can support tenant customization or an owner-user. The property’s existing in-place lease structure includes 3% annual increases through 3/31/2029.
The building is a 7,816 SF modern office structure constructed in 1987 and positioned in East Chandler. It provides a versatile footprint for a range of office configurations, with convenient access to major transportation routes.
With its mix of leased space and a vacant suite, the building supports both current occupancy and future flexibility for a medical office operator or investor seeking a multi-suite healthcare tenancy setup.
The building is a 7,816 SF modern office structure constructed in 1987 and positioned in East Chandler. It provides a versatile footprint for a range of office configurations, with convenient access to major transportation routes.
With its mix of leased space and a vacant suite, the building supports both current occupancy and future flexibility for a medical office operator or investor seeking a multi-suite healthcare tenancy setup.
Key Highlights
- NNN medical office building with three suites: Suites 1‑2 leased and Suite 3 vacant
- Suites 1 and 2 total 3,972 SF and are fully leased
- Suite 3 is vacant at 3,843 SF
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 | $203.5k | $26.04 |
| − Vacancy | −$39.5k | −$5.05 |
| EGI | $164.0k | $20.99 |
| − OpEx | −$41.0k | −$5.25 |
| NOI | $123.0k | $15.74 |
7,816 SF · lease $26.04/SF/yr · vacancy 19.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,033 @ 7.0% cap · market cap 4.69%
Second Best
Healthcare Medical
$1.43M
$1.25M – $1.67M
NOI $100,170 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,820 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Arizona Avenue Animal Clinic — 7 W Knox Rd, Chandler, AZ 85225
- 1st Pet Veterinary Centers - Chandler — 1233 W Warner Rd, Chandler, AZ 85224
- Andrei Tarassov — 1233 W Warner Rd, Chandler, AZ 852242771
- Gardetto Mike L DVM — 7 W Knox Rd, Chandler, AZ 85225
- Dr. John Gardetto — 7 W Knox Rd, Chandler, AZ 85225
Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN medical office building with three suites, including two fully leased and one vacant suite.
Where is this medical office space located?
The property is located at 604 W Warner Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $2,621,464.
What are key features of this property?
This property features: NNN medical office building with three suites: Suites 1‑2 leased and Suite 3 vacant; Suites 1 and 2 total 3,972 SF and are fully leased; Suite 3 is vacant at 3,843 SF
