Two-Story Medical Office
For Sale
Contact for pricing
2045 S Vineyard, Mesa, AZ 85210
Two-story medical office condo offered for sale, featuring a total of 3,395 SF in Building 2E, Suite 136.
Property Size3,395 SF
Price / SF$325
Days on Market136
Property Features for 2045 S Vineyard
General Information
Standard status
Active
Size
3,395 SF
Property subtype
OFFICE
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Matt Zaccardi · License #SA584155000
(602) 561-1339
Source:
Moodyscre
Added: May 4
Changed: Sep 9
Last Checked: Sep 15 at 10:52AM
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.
CPI presents a two-story medical office condo for sale at 2045 S Vineyard, Building 2E, Suite 136. The space totals 3,395 square feet and is configured as a condo unit within the building.
The property is located in the East Valley submarket of Mesa, Arizona, and is described as having strong accessibility within the corridor.
This offering is positioned for an owner-user or investor seeking a flexible medical office space with the ability to establish a long-term presence.
The property is located in the East Valley submarket of Mesa, Arizona, and is described as having strong accessibility within the corridor.
This offering is positioned for an owner-user or investor seeking a flexible medical office space with the ability to establish a long-term presence.
Key Highlights
- 3,395 SF two‑story medical office condo for sale (Building 2E, Suite 136)
- Located in Mesa, Arizona within the East Valley submarket
- Offered as a medical/healthcare space suitable for an owner‑user or investment
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
$58,174
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
5.27%
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%
$1,163,480
$1.2M
Cap Rate 7%
$831,057
$831.1K
Cap Rate 9%
$646,378
$646.4K
Market Conditions
NOI Build-Up for 3,395 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
$98.2K $28.92/SF
− Vacancy
−$20.6K −$6.07/SF
EGI
$77.6K $22.85/SF
− OpEx
−$19.4K −$5.71/SF
NOI
$58.2K $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%
$1,163,480
Cap Rate 7%
$831,057
Cap Rate 9%
$646,378
Alternative Uses
Best Use
Office B
$831.1K
$727.2K – $969.6K
NOI $58,174 @ 7.0% cap · market cap 5.27%
Second Best
Healthcare Medical
$368.2K
$322.1K – $429.5K
NOI $25,771 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$930.6K
$814.3K – $1.09M
NOI $65,142 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Community Clinical Pharmacy — 2045 S Vineyard Ste 133, Mesa, AZ 85210
- Best Friends Animal Hospital — 6023 745 W Baseline Rd #23, Mesa, AZ 85210
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office condo offered for sale, featuring a total of 3,395 SF in Building 2E, Suite 136.
Where is this medical office space located?
The property is located at 2045 S Vineyard Mesa, AZ.
What is the asking price?
The asking price for this property is $1,103,375.
What are key features of this property?
This property features: 3,395 SF two‑story medical office condo for sale (Building 2E, Suite 136); Located in Mesa, Arizona within the East Valley submarket; Offered as a medical/healthcare space suitable for an owner‑user or investment
