Freestanding Office
For Sale
Contact for pricing
1757 E Baseline Rd #125 & 128, Gilbert, AZ 85233
Configured with reception, open work area, private office, and conference room.
Property Size2,122 SF
Price / SF$340.25
Days on Market150
Property Features for 1757 E Baseline Rd #125 & 128
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Office
Zoning
C-N
Investment Type
Owner/User
Building Details
Year Built
2003
Buildings
1
Stories
1
Units
125128
Listing Agency:
KW Commercial Integrity First Realty -- Mesa/Gilbert
Listed By:
Melody Bramer · License #AZ SA526989000
(602) 290-3643
Source:
Crexi
Added: Apr 8
Changed: Aug 31
Last Checked: Sep 2 at 4:48AM
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 KW Commercial Integrity First Realty -- Mesa/Gilbert
Investment Insights
Based on property information with market context.
This 2,122-square-foot office condominium combines a reception area with an open work zone, private office, conference room, break room, storage room, and two ADA-compliant restrooms. The property consists of Units 125 and 128 in Building 7 and was built in 2003. Interior carpet has been replaced, the exterior has been repainted, and the HVAC system was replaced about five years ago.
Located at 1757 E Baseline Road in Gilbert, the property sits south of Baseline Road between Stapley Drive and Gilbert Road, with US-60 approximately one mile away. Open parking and three reserved covered spaces serve the office. C-N zoning and the existing layout accommodate a range of professional office formats, including legal, financial, insurance, consulting, medical, and wellness operations.
Located at 1757 E Baseline Road in Gilbert, the property sits south of Baseline Road between Stapley Drive and Gilbert Road, with US-60 approximately one mile away. Open parking and three reserved covered spaces serve the office. C-N zoning and the existing layout accommodate a range of professional office formats, including legal, financial, insurance, consulting, medical, and wellness operations.
Key Highlights
- 2,122 SF office condo in Units 125 & 128, Building 7
- C‑N zoning with a layout suited to professional office use
- Reception, open work area, private office, conference room, break room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$618,800
$618.8K
Cap Rate 7%
$442,000
$442.0K
Cap Rate 9%
$343,778
$343.8K
Market Conditions
NOI Build-Up for 2,122 SF
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.
Gross rent
$51.2K $24.12/SF
− Vacancy
−$9.9K −$4.68/SF
EGI
$41.3K $19.44/SF
− OpEx
−$10.3K −$4.86/SF
NOI
$30.9K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$618,800
Cap Rate 7%
$442,000
Cap Rate 9%
$343,778
Alternative Uses
Best Use
Office B
$442.0K
$386.8K – $515.7K
NOI $30,940 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.1K
$487.5K – $650.0K
NOI $38,999 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 85233, AZ
39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
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 units - Configured with reception, open work area, private office, and conference room.
Where is this office units located?
The property is located at 1757 E Baseline Rd #125 & 128 Gilbert, AZ.
What is the asking price?
The asking price for this property is $722,000.
What are key features of this property?
This property features: 2,122 SF office condo in Units 125 & 128, Building 7; C‑N zoning with a layout suited to professional office use; Reception, open work area, private office, conference room, break room, and storage
