Office Suite with Private
1959 S Val Vista Drive 132, Mesa, AZ 85204
For Sale
New
Contact for pricing
The suite includes dedicated covered parking and access to shared public parking.
Property Size1,539 SF
Price / SF$1.06
Days on Market7
Property Features for 1959 S Val Vista Drive 132
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Listing Agency:
Panoramic Management & Realty Co
(480) 251-0647
Listed By:
Brian Harrigan · License AZ SA646143000
(602) 515-1934
Source:
Kelliesellsaz
Added: Nov 4
Last Checked: Nov 10 at 8:29AM
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 Panoramic Management & Realty Co
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Investment Insights
Based on property information with market context.
This 1,539-square-foot office suite contains six private offices in varied sizes. Listed office dimensions include 9x9, 9x15, 27x16, 10x8, and 11x16. The suite is positioned toward the rear of Val Vista Gateway Business Center.
The business center is at the northeast corner of Val Vista Drive and Baseline Road in Mesa. Parking includes one dedicated covered space, along with access to general public parking.
The business center is at the northeast corner of Val Vista Drive and Baseline Road in Mesa. Parking includes one dedicated covered space, along with access to general public parking.
Key Highlights
- 1,539‑square‑foot office suite with six private offices
- Office dimensions include 9x9, 9x15, 27x16, 10x8, and 11x16
- One dedicated covered parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,757
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,140
$515.1K
Cap Rate 7%
$367,957
$368.0K
Cap Rate 9%
$286,189
$286.2K
Market Conditions
NOI Build-Up for 1,539 SF
Gross rent
$42.7K $27.72/SF
− Vacancy
−$8.3K −$5.41/SF
EGI
$34.3K $22.31/SF
− OpEx
−$8.6K −$5.58/SF
NOI
$25.8K $16.74/SF
Area
ZIP 85204
Vacancy
19.50%
Lease Rate
$27.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,140
Cap Rate 7%
$367,957
Cap Rate 9%
$286,189
Alternative Uses
Best Use
Office B
$368.0K
$322.0K – $429.3K
NOI $25,757 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.0K
$447.1K – $596.2K
NOI $35,771 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
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Business Placement
Demographics for 85204, AZ
63,808
Population
24,536
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
84%
High-School Grad
9.9 sq mi
ZIP Area
6,445
Density / Sq Mi
$69,474
Median Household Income
$40,347
Median Earnings
$1,426
Median Rent
$296,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Mesa, AZ
Properties on Market for Office Units in Mesa
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes dedicated covered parking and access to shared public parking.
Where is this office unit located?
The property is located at 1959 S Val Vista Drive 132 Mesa, AZ.
What are key features of this property?
This property features: 1,539‑square‑foot office suite with six private offices; Office dimensions include 9x9, 9x15, 27x16, 10x8, and 11x16; One dedicated covered parking space
