Second-Floor Office
For Sale
Contact for pricing
40 W Baseline Rd Unit 202, Mesa, AZ 85210
A reception area, two private offices, and a conference room provide a defined layout for business operations.
Property Size38,017 SF
Price / SF$0.03
Days on Market622
Property Features for 40 W Baseline Rd Unit 202
General Information
Standard status
Active
Size
38,017 SF
Additional Details
Floor
2
Property Use
Office
Building Details
Year Built
1987
Listing Agency:
Good Oak Real Estate
Listed By:
Mary Goulian · License #SA649090000
(480) 235-5028
Source:
Findyourphoenixazhome
Added: Feb 16, 2025
Changed: Oct 28
Last Checked: Oct 30 at 2:29PM
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 Good Oak Real Estate
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Investment Insights
Based on property information with market context.
Unit 202 is a 977-square-foot office suite on the second floor, with stairway access. Its layout includes two private offices, a conference room, and a large reception area that can accommodate a front desk, waiting space, or additional workstations. Offices facing Main Street receive natural light and overlook the street.
The suite is located at 40 W Baseline Rd in Mesa, Arizona. The building was constructed in 1987.
The suite is located at 40 W Baseline Rd in Mesa, Arizona. The building was constructed in 1987.
Key Highlights
- 977‑square‑foot second‑floor office suite
- Two private offices and a dedicated conference room
- Large reception area with potential for a front desk, waiting area, or workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$651,425
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,028,500
$13.0M
Cap Rate 7%
$9,306,071
$9.3M
Cap Rate 9%
$7,238,056
$7.2M
Market Conditions
NOI Build-Up for 38,017 SF
Gross rent
$1.10M $28.92/SF
− Vacancy
−$230.9K −$6.07/SF
EGI
$868.6K $22.85/SF
− OpEx
−$217.1K −$5.71/SF
NOI
$651.4K $17.14/SF
Area
Mesa, AZ
Vacancy
21.00%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,028,500
Cap Rate 7%
$9,306,071
Cap Rate 9%
$7,238,056
Alternative Uses
Best Use
Office B
$9.31M
$8.14M – $10.86M
NOI $651,425 @ 7.0% cap · market cap 60,597.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.42M
$9.12M – $12.16M
NOI $729,452 @ 7.0% cap · market cap 67,856.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, two private offices, and a conference room provide a defined layout for business operations.
Where is this office unit located?
The property is located at 40 W Baseline Rd Unit 202 Mesa, AZ.
What are key features of this property?
This property features: 977‑square‑foot second‑floor office suite; Two private offices and a dedicated conference room; Large reception area with potential for a front desk, waiting area, or workstations
