Turnkey Office Condo
For Sale
Contact for pricing
1757 E Baseline Rd Bldg 6, Gilbert, AZ 85233
Turnkey office condo suite in a Gilbert Township Villas setting, positioned for client access on E Baseline Rd.
Property Size3,726 SF
Price / SF$469.67
Days on Market154
Property Features for 1757 E Baseline Rd Bldg 6
General Information
Standard status
Active
Size
3,726 SF
Property subtype
Office
Zoning
NO (Neighborhood Office)
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Commercial Properties Inc.
Listed By:
Paul Woods · License #568117000
(480) 966-2301
Source:
Crexi
Added: Apr 4
Changed: Sep 4
Last Checked: Sep 1 at 4:59AM
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 office condo suite is located within the Gilbert Township Villas and is offered as a turnkey opportunity for an owner-user. The space is configured to support daily business operations and client flow, making it suitable for general office use. It also presents the possibility of a medical configuration for qualified tenants or buyers.
The property is directly on E Baseline Rd near US-60, providing visibility and convenient accessibility for both clients and staff throughout the Gilbert and Mesa area. The surrounding area includes established retail and dining amenities, supporting day-to-day convenience for employees and visitors.
For owner-users seeking a manageable, move-in-ready office environment, this suite offers a practical layout for client-facing operations. Businesses looking for flexibility between general office and potential medical use should find the configuration aligned with routine client traffic needs. The location along a major corridor also helps streamline access for meetings, appointments, and day-to-day visits.
The property is directly on E Baseline Rd near US-60, providing visibility and convenient accessibility for both clients and staff throughout the Gilbert and Mesa area. The surrounding area includes established retail and dining amenities, supporting day-to-day convenience for employees and visitors.
For owner-users seeking a manageable, move-in-ready office environment, this suite offers a practical layout for client-facing operations. Businesses looking for flexibility between general office and potential medical use should find the configuration aligned with routine client traffic needs. The location along a major corridor also helps streamline access for meetings, appointments, and day-to-day visits.
Key Highlights
- Office condo suite within the Gilbert Township Villas
- Positioned directly on E Baseline Rd near US‑60 for client and staff accessibility
- Configured for daily business operations with client flow in mind
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
$54,327
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
3.10%
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%
$1,086,540
$1.1M
Cap Rate 7%
$776,100
$776.1K
Cap Rate 9%
$603,633
$603.6K
Market Conditions
NOI Build-Up for 3,726 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
$89.9K $24.12/SF
− Vacancy
−$17.4K −$4.68/SF
EGI
$72.4K $19.44/SF
− OpEx
−$18.1K −$4.86/SF
NOI
$54.3K $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%
$1,086,540
Cap Rate 7%
$776,100
Cap Rate 9%
$603,633
Alternative Uses
Best Use
Office B
$776.1K
$679.1K – $905.5K
NOI $54,327 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.3K
$856.0K – $1.14M
NOI $68,479 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
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 - Turnkey office condo suite in a Gilbert Township Villas setting, positioned for client access on E Baseline Rd.
Where is this office units located?
The property is located at 1757 E Baseline Rd Bldg 6 Gilbert, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Office condo suite within the Gilbert Township Villas; Positioned directly on E Baseline Rd near US‑60 for client and staff accessibility; Configured for daily business operations with client flow in mind
