Medical Office Space with Three
For Sale
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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 Market548
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
(480) 966-2301
Listed By:
Tyson Breinholt · License #BR517298000
(602) 315-7131
Source:
Moodyscre
Added: May 1, 2025
Changed: Oct 26
Last Checked: Oct 28 at 8:26AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$123,033
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,660
$2.5M
Cap Rate 7%
$1,757,614
$1.8M
Cap Rate 9%
$1,367,033
$1.4M
Market Conditions
NOI Build-Up for 7,816 SF
Gross rent
$203.5K $26.04/SF
− Vacancy
−$39.5K −$5.05/SF
EGI
$164.0K $20.99/SF
− OpEx
−$41.0K −$5.25/SF
NOI
$123.0K $15.74/SF
Area
Chandler, AZ
Vacancy
19.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,460,660
Cap Rate 7%
$1,757,614
Cap Rate 9%
$1,367,033
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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- 1st Pet Veterinary Centers - Chandler — 1233 W Warner Rd, Chandler, AZ 85224
- Andrei Tarassov — 1233 W Warner Rd, Chandler, AZ 852242771
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
