Divisible Office
For Sale
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260 N GILBERT Road, Mesa, AZ 85203
Standalone commercial building with a showroom and separately accessed suites in the LC District.
Property Size6,869 SF
Price / SF$1.50
Days on Market85
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Property Features for 260 N GILBERT Road
General Information
Standard status
Active
Size
6,869 SF
Property subtype
Comm/Industry Lease
Zoning
LC District
Additional Details
Highway Access
Yes
Office Units
4
Building Details
Buildings
1
Listing Agency:
SENW
(847) 213-0789
Listed By:
Simon Enwia · License #BR705313000
(773) 559-8198
Source:
Nicolesecrest
Added: Jul 23
Changed: Oct 3
Last Checked: Oct 14 at 10:29PM
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 SENW
Investment Insights
Based on property information with market context.
This standalone office property contains 6,869 square feet and offers a flexible configuration for multiple occupants or a single user. The layout includes an approximately 3,660-square-foot showroom along with four 800-square-foot suites. Each suite has its own entrance and restroom, supporting operational separation and privacy. The building can be subdivided into customized office configurations.
Located at 260 N GILBERT Road in Mesa, the property sits between the 60 and 202 freeways. Its LC District designation supports its retail and office positioning, while the freeway setting provides access to the surrounding commercial area.
Located at 260 N GILBERT Road in Mesa, the property sits between the 60 and 202 freeways. Its LC District designation supports its retail and office positioning, while the freeway setting provides access to the surrounding commercial area.
Key Highlights
- 6,869‑square‑foot standalone office building
- Approximately 3,660‑square‑foot showroom
- Four 800‑square‑foot suites with separate entrances and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,832
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,640
$1.2M
Cap Rate 7%
$869,029
$869.0K
Cap Rate 9%
$675,911
$675.9K
Market Conditions
NOI Build-Up for 6,869 SF
Gross rent
$93.1K $13.56/SF
− Vacancy
−$6.2K −$0.91/SF
EGI
$86.9K $12.65/SF
− OpEx
−$26.1K −$3.80/SF
NOI
$60.8K $8.86/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,640
Cap Rate 7%
$869,029
Cap Rate 9%
$675,911
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,701 @ 7.0% cap · market cap 1,143.84%
Second Best
Retail
$869.0K
$760.4K – $1.01M
NOI $60,832 @ 7.0% cap · market cap 591.18%
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,799 @ 7.0% cap · market cap 1,280.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
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
Frequently Asked Questions
What type of property is this?
Office units - Standalone commercial building with a showroom and separately accessed suites in the LC District.
Where is this office units located?
The property is located at 260 N GILBERT Road Mesa, AZ.
What are key features of this property?
This property features: 6,869‑square‑foot standalone office building; Approximately 3,660‑square‑foot showroom; Four 800‑square‑foot suites with separate entrances and restrooms
