Mesa Office Building For
For Sale
Contact for pricing
2940 E Main St, Mesa, AZ 85213
Office building with 7.25% CAP rate, 5,356 SqFt.
Property Size5,356 SF
Price / SF$345.95
Days on Market210
Property Features for 2940 E Main St
General Information
Standard status
Active
Size
5,356 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$134,335
Building Details
Year Built
1976
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Christopher Biuso · License #Fl SL3424071
(407) 557-3841
Source:
Crexi
Added: Mar 11
Changed: Oct 5
Last Checked: Oct 5 at 5:52PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This is a 5,356 square foot office building. The property is being offered for sale and has a 7.25% capitalization rate.
Key Highlights
- 7.25% CAP (Capitalization Rate)
- Office Property
- 5,356 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,776
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,520
$1.8M
Cap Rate 7%
$1,311,086
$1.3M
Cap Rate 9%
$1,019,733
$1.0M
Market Conditions
NOI Build-Up for 5,356 SF
Gross rent
$154.9K $28.92/SF
− Vacancy
−$32.5K −$6.07/SF
EGI
$122.4K $22.85/SF
− OpEx
−$30.6K −$5.71/SF
NOI
$91.8K $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%
$1,835,520
Cap Rate 7%
$1,311,086
Cap Rate 9%
$1,019,733
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,776 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,768 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 85213, AZ
36,572
Population
15,468
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
96%
High-School Grad
9.2 sq mi
ZIP Area
3,975
Density / Sq Mi
$100,671
Median Household Income
$49,759
Median Earnings
$1,640
Median Rent
$407,600
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with 7.25% CAP rate, 5,356 SqFt.
Where is this office building located?
The property is located at 2940 E Main St Mesa, AZ.
What is the asking price?
The asking price for this property is $1,852,900.
What are key features of this property?
This property features: 7.25% CAP (Capitalization Rate); Office Property; 5,356 SqFt
