Office Building with Client
For Sale
Contact for pricing
2045 S Vineyard, Mesa, AZ 85210
Office building offers covered client parking with door-to-door access and excellent visibility along major Mesa roadways.
Property Size3,744 SF
Price / SF$350
Days on Market117
Property Features for 2045 S Vineyard
General Information
Standard status
Active
Size
3,744 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
Covered Parking Included
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Matt Zaccardi · License #SA584155000
(602) 561-1339
Source:
Moodyscre
Added: May 23
Changed: Sep 9
Last Checked: Sep 15 at 8:52AM
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 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.
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 = 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
$64,154
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
4.90%
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%
$1,283,080
$1.3M
Cap Rate 7%
$916,486
$916.5K
Cap Rate 9%
$712,822
$712.8K
Market Conditions
NOI Build-Up for 3,744 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
$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 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%
$1,283,080
Cap Rate 7%
$916,486
Cap Rate 9%
$712,822
Alternative Uses
Best Use
Office B
$916.5K
$801.9K – $1.07M
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
NOI $71,838 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
