Office Suite with Open Work
1757 E Baseline Rd, Gilbert, AZ 85233
For Sale
Contact for pricing
Office suite featuring reception, multiple private offices, conference room, and open office work areas.
Property Size1,757 SF
Price / SF$395.56
Days on Market203
Property Features for 1757 E Baseline Rd
General Information
Standard status
Size
Property subtype
Amenities
Reception
Office
Conference Room
Restroom
Kitchen
Open Office Space
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Rex Griswold · License #AZ SA630241000
(480) 244-7222
Source:
Moodyscre
Added: Apr 21
Changed: Oct 25
Last Checked: Nov 8 at 8:32AM
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.
This office suite includes a reception area, two offices, a conference room, two restrooms, and a kitchen. In addition to the enclosed rooms, it also offers multiple bull pen/open office spaces designed for collaborative or team-based work.
The property is listed for sale.
With a mix of private offices, a dedicated conference room, and open work areas, the layout supports both focused tasks and group operations within the same suite.
The property is listed for sale.
With a mix of private offices, a dedicated conference room, and open work areas, the layout supports both focused tasks and group operations within the same suite.
Key Highlights
- Office suite includes reception area, multiple private offices, and open office work spaces
- Includes 1 conference room for meetings and 1 kitchen
- Two restrooms available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,618
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,360
$512.4K
Cap Rate 7%
$365,971
$366.0K
Cap Rate 9%
$284,644
$284.6K
Market Conditions
NOI Build-Up for 1,757 SF
Gross rent
$42.4K $24.12/SF
− Vacancy
−$8.2K −$4.68/SF
EGI
$34.2K $19.44/SF
− OpEx
−$8.5K −$4.86/SF
NOI
$25.6K $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 Rate 5%
$512,360
Cap Rate 7%
$365,971
Cap Rate 9%
$284,644
Alternative Uses
Best Use
Office B
$366.0K
$320.2K – $427.0K
NOI $25,618 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$461.3K
$403.6K – $538.2K
NOI $32,291 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
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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
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Market
Properties on Market for Office Units in Gilbert
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite featuring reception, multiple private offices, conference room, and open office work areas.
Where is this office unit located?
The property is located at 1757 E Baseline Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Office suite includes reception area, multiple private offices, and open office work spaces; Includes 1 conference room for meetings and 1 kitchen; Two restrooms available
