Listing Agency: Commercial Properties Inc Show Phone

Listed By: Matt Zaccardi · License #SA584155000 Show Phone

Source: Moodyscre

Added: May 23 Changed: Oct 26 Last Checked: Nov 1 at 4:47AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This office building is positioned for strong exposure, with excellent visibility on Baseline Rd and Country Club Dr. Client parking is designed for convenience, offering parking to the door and covered parking. The property also provides access from Fry’s Food & Drug and Walgreens.

Easy connectivity is supported by access to the US-60 freeway. The building is near Banner Desert Medical Center, Mesa Community College, and Fiesta Mall.

Overall, the offering combines prominent road visibility with practical, covered parking and straightforward access points that support everyday business operations.

Key Highlights

• Excellent visibility along Baseline Rd and Country Club Dr
• Client parking with covered parking and door‑to‑door access
• Access from Fry's Food & Drug and Walgreens

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,154

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,283,080 $1.3M

Cap Rate 7%

$916,486 $916.5K

Cap Rate 9%

$712,822 $712.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,744 SF

Gross rent

$108.3K $28.92/SF

− Vacancy

−$22.7K −$6.07/SF

EGI

$85.5K $22.85/SF

− OpEx

−$21.4K −$5.71/SF

NOI

$64.2K $17.14/SF

Area

Mesa, AZ

Vacancy

21.00%

Lease Rate

$28.92 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,283,080

Cap Rate 7%

$916,486

Cap Rate 9%

$712,822

Alternative Uses

Best Use

Office B

$916.5K

$801.9K – $1.07M (±1% cap)

NOI $64,154 @ 7.0% cap · market cap 4.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.03M

$898.0K – $1.20M (±1% cap)

NOI $71,838 @ 7.0% cap · market cap 5.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sunrise Engineering, Inc. Engineering Consultant My Dentist Mesa ... Dental Office Pridhvi Rajakumar Yelamanchili Physician Data Doctors Tech Support Center MMI Industrial & Steel ... Fabrication Engineer

Suggested Use

Top Pick Grocery & Convenience Store Pet Grooming Service Catering Service Food Market Wine and Liquor Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,157

Businesses Nearby

Explore this area Business Placement

Demographics for 85210, AZ

40,351

Population

16,292

Households

2.5

Avg Household Size

32

Median Age

25%

College-Educated

84%

High-School Grad

6.7 sq mi

ZIP Area

6,023

Density / Sq Mi

$59,680

Median Household Income

$38,479

Median Earnings

$1,383

Median Rent

$301,600

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office building offers covered client parking with door-to-door access and excellent visibility along major Mesa roadways.

Where is this office building located?

The property is located at 2045 S Vineyard Mesa, AZ.

What is the asking price?

The asking price for this property is $1,310,400.

What are key features of this property?

This property features: Excellent visibility along Baseline Rd and Country Club Dr; Client parking with covered parking and door‑to‑door access; Access from Fry's Food & Drug and Walgreens