Building Details

Year Built 1981

Tenancy Multi

Listing Agency: MHG Commercial

Listed By: Nicholas Skogen · License #SA669539000 Show Phone

Source: Crexi

Added: Jun 3, 2025 Changed: Sep 24 Last Checked: Oct 5 at 3:16PM

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Investment Insights

Based on property information with market context.

This freestanding suite is a high-quality medical office building located in the heart of Mesa’s Dobson Ranch professional corridor. The property offers a flexible layout that includes private offices and a reception area. Modern finishes are present throughout the suite. The property is suitable for medical, legal, or professional use. Direct parking is available. Monument signage enhances visibility. The location provides easy access to Loop 101 and US 60. The property is situated in one of Mesa’s established business districts. The suite has a size of 5244 square feet.

Key Highlights

• Prime location in Mesa's Dobson Ranch professional corridor.
• Freestanding suite with flexible layout suitable for medical, legal, or professional use.
• Direct parking and monument signage for high visibility and convenience.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,856

Cap Rate

4.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,797,120 $1.8M

Cap Rate 7%

$1,283,657 $1.3M

Cap Rate 9%

$998,400 $998.4K

Market Conditions

NOI Build-Up for 5,244 SF

Gross rent

$151.7K $28.92/SF

− Vacancy

−$31.8K −$6.07/SF

EGI

$119.8K $22.85/SF

− OpEx

−$30.0K −$5.71/SF

NOI

$89.9K $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%

$1,797,120

Cap Rate 7%

$1,283,657

Cap Rate 9%

$998,400

Alternative Uses

Best Use

Office B

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,856 @ 7.0% cap · market cap 4.86%

Second Best

Healthcare Medical

$568.7K

$497.6K – $663.5K (±1% cap)

NOI $39,807 @ 7.0% cap · market cap 2.15%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,619 @ 7.0% cap · market cap 5.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Sergio Martinez Agency Insurance Agency Honeywell Intelligrated Material Handling Equipment Supplier Apollo Healthcare and Diagnostics Medical Clinic azhomeshub Real Estate Agency Abstrax Inc (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Parking Lot & Garage Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

1,094

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 85202, AZ

39,626

Population

18,077

Households

2.2

Avg Household Size

34

Median Age

34%

College-Educated

91%

High-School Grad

6.2 sq mi

ZIP Area

6,391

Density / Sq Mi

$66,582

Median Household Income

$42,083

Median Earnings

$1,431

Median Rent

$334,200

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - High-quality medical office in Mesa's Dobson Ranch professional corridor.

Where is this medical office space located?

The property is located at 2222 S Dobson Rd #703 Mesa, AZ.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Prime location in Mesa's Dobson Ranch professional corridor.; Freestanding suite with flexible layout suitable for medical, legal, or professional use.; Direct parking and monument signage for high visibility and convenience.