Gilbert Medical/General Office
For Sale
Contact for pricing
1757 E Baseline Rd, Gilbert, AZ
Professional office space in Gilbert, Arizona, built in 2003.
Property Size1,600 SF
Lot Size0.16 Acres
Price / SF$450
Days on Market257
Property Features for 1757 E Baseline Rd
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.16 Acres
Property subtype
OFFICE
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Paul Woods · License #SA630241000
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:13AM
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.
This professional medical/general office space, built in 2003, is located at Baseline and Stapley in Gilbert, Arizona. The available space, Suite 122, is approximately 1,600 square feet and includes three private offices, one of which has its own restroom. In addition to the private restroom, there are two additional restrooms. The suite also features a large kitchen, a conference room, and a large reception area. The parcel number is 314-01-034, and the zoning is NO, City of Gilbert.
Key Highlights
- Professional medical/general office space
- Suite 122: ±1,600 SF
- Located at Baseline & Stapley (prime location)
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
$23,329
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
3.24%
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%
$466,580
$466.6K
Cap Rate 7%
$333,271
$333.3K
Cap Rate 9%
$259,211
$259.2K
Market Conditions
NOI Build-Up for 1,600 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
$38.6K $24.12/SF
− Vacancy
−$7.5K −$4.68/SF
EGI
$31.1K $19.44/SF
− OpEx
−$7.8K −$4.86/SF
NOI
$23.3K $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%
$466,580
Cap Rate 7%
$333,271
Cap Rate 9%
$259,211
Alternative Uses
Best Use
Office B
$333.3K
$291.6K – $388.8K
NOI $23,329 @ 7.0% cap · market cap 3.24%
Second Best
Healthcare Medical
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$420.1K
$367.6K – $490.1K
NOI $29,406 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
- Strive Compounding Pharmacy — 1275 E Baseline Rd #104, Gilbert, AZ 85233
- Banfield Pet Hospital — 1733 S Stapley Dr, Mesa, AZ 85204
- Dr. Leeza Jones, DVM — 1733 S Stapley Dr, Mesa, AZ 85204
- Little Critters Veterinary Hospital — 1525 N Gilbert Rd #C-101, Gilbert, AZ 85234
- VET — Gilbert, AZ 85234
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office space in Gilbert, Arizona, built in 2003.
Where is this medical office space located?
The property is located at 1757 E Baseline Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Professional medical/general office space; Suite 122: ±1,600 SF; Located at Baseline & Stapley (prime location)
