Office Suite with Open Work
For Sale
Contact for pricing
1757 E Baseline Rd, Gilbert, AZ 85233
Office suite featuring reception, multiple private offices, conference room, and open office work areas.
Property Size1,757 SF
Price / SF$395.56
Days on Market112
Property Features for 1757 E Baseline Rd
General Information
Standard status
Active
Size
1,757 SF
Property subtype
OFFICE
Amenities
Reception
Office
Conference Room
Restroom
Kitchen
Open Office Space
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Paul Woods · License #SA630241000
Source:
Moodyscre
Added: Apr 21
Changed: Jul 26
Last Checked: Jul 26 at 12:24AM
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 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 = 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
$25,618
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
3.69%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
932
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 - Office suite featuring reception, multiple private offices, conference room, and open office work areas.
Where is this office units 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
