Move-In-Ready Medical Office
For Sale
$900,000
3654 N Power Rd, Mesa, AZ 85215
Move-in-ready single-story medical office condo with a built-out chiropractic layout in a maintained professional offices complex.
Property Size2,500 SF
Price / SF$360
Days on Market104
Property Features for 3654 N Power Rd
General Information
Standard status
Active
Size
2,500 SF
Class
B
Property subtype
Office
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,500 SF
Year Built
2006
Stories
1
Listing Agency:
Cutler Commercial
Listed By:
James Lieberthal, SIOR · License #AZ #BR516852000
(480) 529-6400
Source:
Cutlercommercial
Added: Jul 10
Changed: Oct 3
Last Checked: Oct 20 at 6:15PM
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 Cutler Commercial
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Investment Insights
Based on property information with market context.
This move-in-ready, single-story ±2,500 SF medical office condo is located within the Zahara Professional Offices complex. The space is fully built out with high-end improvements and features a highly functional layout currently used for a chiropractic practice. Parking is provided at a ratio of 5.63 per 1,000 SF.
The property is situated just off N Power Rd & E Thomas Rd, with a quick hop to Loop 202 Red Mountain Freeway and minutes from Red Mountain Gateway Shopping Center. The APN is 141-71-225. The condo is zoned C-2.
Offered for lease or purchase, the unit is suited for an owner-user or tenant looking for a turnkey medical office configuration within a professional office environment.
The property is situated just off N Power Rd & E Thomas Rd, with a quick hop to Loop 202 Red Mountain Freeway and minutes from Red Mountain Gateway Shopping Center. The APN is 141-71-225. The condo is zoned C-2.
Offered for lease or purchase, the unit is suited for an owner-user or tenant looking for a turnkey medical office configuration within a professional office environment.
Key Highlights
- Move‑in‑ready single‑story medical office condo built in 2006
- Fully built‑out chiropractic practice layout with high‑end improvements
- 2,500 SF medical office condo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,838
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,760
$856.8K
Cap Rate 7%
$611,971
$612.0K
Cap Rate 9%
$475,978
$476.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$72.3K $28.92/SF
− Vacancy
−$15.2K −$6.07/SF
EGI
$57.1K $22.85/SF
− OpEx
−$14.3K −$5.71/SF
NOI
$42.8K $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%
$856,760
Cap Rate 7%
$611,971
Cap Rate 9%
$475,978
Alternative Uses
Best Use
Office B
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 4.76%
Second Best
Healthcare Medical
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$685.3K
$599.6K – $799.5K
NOI $47,969 @ 7.0% cap · market cap 5.33%
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
256
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready single-story medical office condo with a built-out chiropractic layout in a maintained professional offices complex.
Where is this medical office space located?
The property is located at 3654 N Power Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Move‑in‑ready single‑story medical office condo built in 2006; Fully built‑out chiropractic practice layout with high‑end improvements; 2,500 SF medical office condo
