Single-Tenant NNN
For Sale
$1,053,000
3336 E Chandler Heights Rd #111-115, Gilbert, AZ 85298
Dental facility with DSO-backed operations and a recently extended lease near Chandler Heights Road and Higley Road.
Property Size2,115 SF
Days on Market39
Property Features for 3336 E Chandler Heights Rd #111-115
General Information
Standard status
Active
Size
2,115 SF
Class
B
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,115 SF
Tenancy
Single
Listing Agency:
Cobe Real Estate
(480) 628-6363
Listed By:
TJ Zaharis · License #BR577140000
(480) 628-6363
Source:
Coberealestate
Added: Jul 23
Changed: Aug 29
Last Checked: Jul 23 at 3:09AM
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 Cobe Real Estate
Investment Insights
Based on property information with market context.
This single-tenant NNN property is occupied by an established dental practice supported by a Dental Support Organization (DSO). The tenant has completed a five-year lease extension, providing documented continued occupancy and a defined lease term for the next owner. The property is identified as suites 111–115 at 3336 E Chandler Heights Rd in Gilbert, Arizona.
The site is positioned near the intersection of Chandler Heights Road and Higley Road, with access to Loop 202 and surrounding arterial roads. Seville, Power Ranch, Layton Lakes, and Queen Creek are identified as nearby residential communities. The broader trade area includes ongoing residential expansion and serves residents across Gilbert, Chandler, and Queen Creek.
The site is positioned near the intersection of Chandler Heights Road and Higley Road, with access to Loop 202 and surrounding arterial roads. Seville, Power Ranch, Layton Lakes, and Queen Creek are identified as nearby residential communities. The broader trade area includes ongoing residential expansion and serves residents across Gilbert, Chandler, and Queen Creek.
Key Highlights
- Single‑tenant NNN property occupied by a dental practice
- Dental operator backed by a Dental Support Organization (DSO)
- Five‑year lease extension recently executed
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
$30,838
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
2.93%
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%
$616,760
$616.8K
Cap Rate 7%
$440,543
$440.5K
Cap Rate 9%
$342,644
$342.6K
Market Conditions
NOI Build-Up for 2,115 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
$51.0K $24.12/SF
− Vacancy
−$9.9K −$4.68/SF
EGI
$41.1K $19.44/SF
− OpEx
−$10.3K −$4.86/SF
NOI
$30.8K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /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%
$616,760
Cap Rate 7%
$440,543
Cap Rate 9%
$342,644
Alternative Uses
Best Use
Office B
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 2.93%
Second Best
Healthcare Medical
$411.2K
$359.8K – $479.7K
NOI $28,781 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$555.3K
$485.9K – $647.9K
NOI $38,871 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 85298, AZ
41,816
Population
14,308
Households
2.9
Avg Household Size
39
Median Age
51%
College-Educated
98%
High-School Grad
15.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$146,688
Median Household Income
$70,943
Median Earnings
$2,525
Median Rent
$598,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Dental facility with DSO-backed operations and a recently extended lease near Chandler Heights Road and Higley Road.
Where is this nnn property located?
The property is located at 3336 E Chandler Heights Rd #111-115 Gilbert, AZ.
What is the asking price?
The asking price for this property is $1,053,000.
What are key features of this property?
This property features: Single‑tenant NNN property occupied by a dental practice; Dental operator backed by a Dental Support Organization (DSO); Five‑year lease extension recently executed
