Medical Office Condo with Covered
For Sale
Contact for pricing
3654 N Power Rd Unit 143, Mesa, AZ 85215
The existing clinical layout is currently used for a chiropractic practice.
Property Size2,500 SF
Price / SF$2.00
Days on Market14
Property Features for 3654 N Power Rd Unit 143
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Move-in Ready
Currently Operating
Yes
Property Use
Medical Office
Medical Specialty
chiropractic
Building Details
Year Built
2006
Stories
1
Parking Ratio
5.63 per 1,000 SF
Listing Agency:
Cutler Commercial
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Findallphoenixhomelistings
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 26 at 4:25PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story medical office condo offers approximately 2,500 SF in Zahara Professional Offices. Its existing interior is configured for a chiropractic practice, and the property includes two covered, reserved parking spaces. The building was constructed in 2006.
The office is just off the intersection of N Power Rd and E Thomas Rd in Mesa, with access to Loop 202 Red Mountain Freeway.
The office is just off the intersection of N Power Rd and E Thomas Rd in Mesa, with access to Loop 202 Red Mountain Freeway.
Key Highlights
- Approximately ±2,500 SF in a single‑story medical office condo
- Existing layout currently used for a chiropractic practice
- Two covered, reserved parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,977
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,540
$379.5K
Cap Rate 7%
$271,100
$271.1K
Cap Rate 9%
$210,856
$210.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$33.9K $13.56/SF
− Vacancy
−$2.3K −$0.91/SF
EGI
$31.6K $12.65/SF
− OpEx
−$12.7K −$5.06/SF
NOI
$19.0K $7.59/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,540
Cap Rate 7%
$271,100
Cap Rate 9%
$210,856
Alternative Uses
Best Use
Office B
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 856.76%
Second Best
Healthcare Medical
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 379.54%
Theoretical Best
Office A
$685.3K
$599.6K – $799.5K
NOI $47,969 @ 7.0% cap · market cap 959.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing clinical layout is currently used for a chiropractic practice.
Where is this medical office space located?
The property is located at 3654 N Power Rd Unit 143 Mesa, AZ.
What are key features of this property?
This property features: Approximately ±2,500 SF in a single‑story medical office condo; Existing layout currently used for a chiropractic practice; Two covered, reserved parking spaces
