Open-Layout Office
For Sale
Contact for pricing
1959 S Val Vista Drive 101A, Mesa, AZ 85204
Office suite with a reception area, conference room, break room, storage, and private restroom.
Property Size1,550 SF
Price / SF$1.12
Days on Market59
Property Features for 1959 S Val Vista Drive 101A
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Comm/industry Lease
Listing Agency:
Panoramic Management & Realty Co
(480) 251-0647
Listed By:
Brian Harrigan
(602) 515-1934
Source:
Bridgettemichel
Added: Aug 23
Changed: Oct 11
Last Checked: Oct 19 at 6:21AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,550-square-foot office unit in Val Vista Gateway Business Center offers a flexible interior arrangement for professional operations. The suite includes a reception area, open work areas, an office or conference room, break room with cabinets and sink, storage and electrical room, and a private restroom. The existing build-out can remain in place or be adapted to suit the occupant’s business needs.
The property is located at the northeast corner of Val Vista Drive and Baseline Road in Mesa, providing access to the business center from two named thoroughfares. Approximate interior dimensions include a 14-by-22-foot front reception area, 13-by-17-foot rear open area, 15-by-20-foot front office or conference room, 19-by-21-foot rear break room, and 8-by-10-foot storage and electrical room. The building was constructed in 2001.
The property is located at the northeast corner of Val Vista Drive and Baseline Road in Mesa, providing access to the business center from two named thoroughfares. Approximate interior dimensions include a 14-by-22-foot front reception area, 13-by-17-foot rear open area, 15-by-20-foot front office or conference room, 19-by-21-foot rear break room, and 8-by-10-foot storage and electrical room. The building was constructed in 2001.
Key Highlights
- 1,550‑square‑foot office unit in Val Vista Gateway Business Center
- Northeast corner of Val Vista Drive and Baseline Road
- 14‑by‑22‑foot front reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,941
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,820
$518.8K
Cap Rate 7%
$370,586
$370.6K
Cap Rate 9%
$288,233
$288.2K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$43.0K $27.72/SF
− Vacancy
−$8.4K −$5.41/SF
EGI
$34.6K $22.31/SF
− OpEx
−$8.6K −$5.58/SF
NOI
$25.9K $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%
$518,820
Cap Rate 7%
$370,586
Cap Rate 9%
$288,233
Alternative Uses
Best Use
Office B
$370.6K
$324.3K – $432.4K
NOI $25,941 @ 7.0% cap · market cap 1,500.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.7K
$450.3K – $600.4K
NOI $36,026 @ 7.0% cap · market cap 2,083.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite with a reception area, conference room, break room, storage, and private restroom.
Where is this office unit located?
The property is located at 1959 S Val Vista Drive 101A Mesa, AZ.
What are key features of this property?
This property features: 1,550‑square‑foot office unit in Val Vista Gateway Business Center; Northeast corner of Val Vista Drive and Baseline Road; 14‑by‑22‑foot front reception area
