Multi-Office Commercial
For Sale
Contact for pricing
2921 N Power Rd Ste 101, Mesa, AZ 85215
C-G-zoned office property with multiple private offices, meeting space, and practical staff amenities.
Property Size4,384 SF
Price / SF$376.37
Days on Market9
Property Features for 2921 N Power Rd Ste 101
General Information
Standard status
Active
Size
4,384 SF
Class
C
Property subtype
Office
Zoning
C-G
Additional Details
Office Units
16
Amenities
reception
conference room
break room
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Commercial Properties Inc Tempe
(480) 214-1105
Listed By:
Leroy Breinholt Team · License #AZ BR008760000
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 11:54AM
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 Commercial Properties Inc Tempe
Investment Insights
Based on property information with market context.
This office property at 2921 N Power Rd Ste 101 in Mesa provides 4,384 square feet of commercial space within a purpose-built office configuration. The layout includes 16 offices, a reception area, conference room, two restrooms, and a break room, supporting a range of professional workplace arrangements.
Constructed in 2005, the property carries C-G zoning. Its address places the office at Power Road and University Drive, providing a defined Mesa location for businesses seeking an established commercial setting. The combination of private work areas, shared meeting space, and employee support areas creates a functional layout for office operations.
Constructed in 2005, the property carries C-G zoning. Its address places the office at Power Road and University Drive, providing a defined Mesa location for businesses seeking an established commercial setting. The combination of private work areas, shared meeting space, and employee support areas creates a functional layout for office operations.
Key Highlights
- 4,384‑square‑foot office property in Mesa
- 16 offices with reception and conference room
- Two restrooms and a break room
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
$75,120
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
4.55%
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%
$1,502,400
$1.5M
Cap Rate 7%
$1,073,143
$1.1M
Cap Rate 9%
$834,667
$834.7K
Market Conditions
NOI Build-Up for 4,384 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
$126.8K $28.92/SF
− Vacancy
−$26.6K −$6.07/SF
EGI
$100.2K $22.85/SF
− OpEx
−$25.0K −$5.71/SF
NOI
$75.1K $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%
$1,502,400
Cap Rate 7%
$1,073,143
Cap Rate 9%
$834,667
Alternative Uses
Best Use
Office B
$1.07M
$939.0K – $1.25M
NOI $75,120 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,118 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Office units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 85215, AZ
16,461
Population
9,146
Households
1.8
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
82.8 sq mi
ZIP Area
199
Density / Sq Mi
$90,310
Median Household Income
$55,687
Median Earnings
$1,755
Median Rent
$398,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-G-zoned office property with multiple private offices, meeting space, and practical staff amenities.
Where is this office building located?
The property is located at 2921 N Power Rd Ste 101 Mesa, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 4,384‑square‑foot office property in Mesa; 16 offices with reception and conference room; Two restrooms and a break room
