Office Suite with Retail
For Sale
Contact for pricing
1925 S Sossaman Rd Unit 214, Mesa, AZ 85209
An upstairs end unit features an open bullpen, reception area, private offices, and a large storage area.
Property Size28,195 SF
Lot Size1.72 Acres
Price / SF$0.09
Days on Market646
Property Features for 1925 S Sossaman Rd Unit 214
General Information
Standard status
Active
Size
28,195 SF
Lot size
1.72 Acres
Zoning
Limited Commercial District
Additional Details
Floor
Upstairs
Highway Access
Yes
Building Details
Year Built
2002
Buildings
1
Building Size
28,195 SF
Tenancy
Multi
Listing Agency:
United CountryReal Estate-Arizona Property & Auction
Listed By:
John L. Payne · License #BR527355000
(602) 315-4104
Source:
Phoenixmetrohomefinder
Added: Jan 20, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:58PM
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 United CountryReal Estate-Arizona Property & Auction
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 214 is an upstairs end unit in Sossaman Square, configured as office space with potential for a retail layout. The interior includes a reception area, private offices, a central open bullpen, and a large storage area. Full-height window glass fronts the suite, and the property carries Limited Commercial District zoning under the City of Mesa.
Sossaman Square is a neighborhood retail center constructed in 2002. The center occupies approximately 1.72 acres and is near access to US 60 and Loop 202. Tenant amenities include monument signage and parking.
Sossaman Square is a neighborhood retail center constructed in 2002. The center occupies approximately 1.72 acres and is near access to US 60 and Loop 202. Tenant amenities include monument signage and parking.
Key Highlights
- Approximately 1,800+/- SF in Suite #214
- Upstairs end unit with full window glass frontage
- Office layout includes reception, private offices, open bullpen, and large storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$471,870
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,437,400
$9.4M
Cap Rate 7%
$6,741,000
$6.7M
Cap Rate 9%
$5,243,000
$5.2M
Market Conditions
NOI Build-Up for 28,195 SF
Gross rent
$781.6K $27.72/SF
− Vacancy
−$152.4K −$5.41/SF
EGI
$629.2K $22.31/SF
− OpEx
−$157.3K −$5.58/SF
NOI
$471.9K $16.74/SF
Area
ZIP 85209
Vacancy
19.50%
Lease Rate
$27.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,437,400
Cap Rate 7%
$6,741,000
Cap Rate 9%
$5,243,000
Alternative Uses
Best Use
Office B
$6.74M
$5.90M – $7.86M
NOI $471,870 @ 7.0% cap · market cap 19,661.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.36M
$8.19M – $10.92M
NOI $655,329 @ 7.0% cap · market cap 27,305.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - An upstairs end unit features an open bullpen, reception area, private offices, and a large storage area.
Where is this office unit located?
The property is located at 1925 S Sossaman Rd Unit 214 Mesa, AZ.
What are key features of this property?
This property features: Approximately 1,800+/- SF in Suite #214; Upstairs end unit with full window glass frontage; Office layout includes reception, private offices, open bullpen, and large storage area
