Medical Office Property with Rear
2415 W Main Street, Mesa, AZ 85202
For Sale
Contact for pricing
GC-zoned medical office property with a separate rear structure for storage, equipment workspace, or private staff use.
Property Size4,746 SF
Lot Size0.91 Acres
Price / SF$368.73
Days on Market103
Property Features for 2415 W Main Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Asking Price
Amenities
monument signage
Building Details
Year Built
Year Renovated
Buildings
Building Size
Listing Agency:
ORION Investment Real Estate
Listed By:
Nick Miner · License AZ BR530564000
(480) 226-8037
Source:
Crexi
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 12 at 6:54AM
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 ORION Investment Real Estate
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Investment Insights
Based on property information with market context.
This medical office property at 2415 W Main Street includes approximately 4,746 SF across two buildings on a 0.91-acre parcel. The primary building contains approximately 3,654 SF configured for medical, dental, and office functions, with examination rooms, reception, laboratory areas, and administrative offices. A separate rear structure of approximately 1,092 SF provides enclosed space for storage, equipment work, or a private break facility.
The property is zoned General Commercial by the City of Mesa and includes dedicated monument signage along West Main Street. Valley Metro light rail access is located along Main Street, with connections to Loop 101, Loop 202, and US-60. Arizona State University is 2.6 miles away, Tempe Marketplace is 2.4 miles away, Downtown Mesa is 3.3 miles away, and Banner Desert Medical Center is 3.9 miles away. The building was constructed in 1975 and renovated in 1982.
The property is zoned General Commercial by the City of Mesa and includes dedicated monument signage along West Main Street. Valley Metro light rail access is located along Main Street, with connections to Loop 101, Loop 202, and US-60. Arizona State University is 2.6 miles away, Tempe Marketplace is 2.4 miles away, Downtown Mesa is 3.3 miles away, and Banner Desert Medical Center is 3.9 miles away. The building was constructed in 1975 and renovated in 1982.
Key Highlights
- Approximately 4,746 SF across two buildings on ±39,434 SF (0.91 Acres)
- Main professional/medical building: ±3,654 SF
- Standalone rear structure: ±1,092 SF for storage or equipment workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,323
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,460
$1.6M
Cap Rate 7%
$1,161,757
$1.2M
Cap Rate 9%
$903,589
$903.6K
Market Conditions
NOI Build-Up for 4,746 SF
Gross rent
$137.3K $28.92/SF
− Vacancy
−$28.8K −$6.07/SF
EGI
$108.4K $22.85/SF
− OpEx
−$27.1K −$5.71/SF
NOI
$81.3K $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%
$1,626,460
Cap Rate 7%
$1,161,757
Cap Rate 9%
$903,589
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,323 @ 7.0% cap · market cap 4.65%
Second Best
Mixed Use
$536.1K
$469.1K – $625.5K
NOI $37,527 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,064 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Under-served
Demand for This Use
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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
$334,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Mesa, AZ
Properties on Market for Medical Office Space in Mesa
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Moffat Kelly DVM — 2332 E Broadway Rd, Tempe, AZ 85282
Frequently Asked Questions
What type of property is this?
Medical Office Space - GC-zoned medical office property with a separate rear structure for storage, equipment workspace, or private staff use.
Where is this medical office space located?
The property is located at 2415 W Main Street Mesa, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 4,746 SF across two buildings on ±39,434 SF (0.91 Acres); Main professional/medical building: ±3,654 SF; Standalone rear structure: ±1,092 SF for storage or equipment workspace
