Medical Office Building
3875 E Williams Field Rd, Gilbert, AZ 85295
For Sale
Contact for pricing
Medical office space offers flexibility for specialties with no ground lease restrictions and nearby walkable dining and services.
Property Size35,587 SF
Days on Market139
Property Features for 3875 E Williams Field Rd
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 3875 E Williams Field Rd
Suite 209
Size
999 SF
Type
Medical
Term
Negotiable
Listing Agency:
The Plaza Companies
Listed By:
Margaret Lloyd · License AZ BR021825000
(602) 828-7214
Source:
Theplazaco
Added: Jun 25
Changed: Nov 6
Last Checked: Nov 8 at 3:07AM
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 The Plaza Companies
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Investment Insights
Based on property information with market context.
This offering presents medical office opportunities for any and all medical specialties, with no ground lease restrictions. The property is positioned to support outpatient-focused practices that need a dedicated professional setting.
The surrounding area includes a mix of restaurants, retail, personal services, and entertainment within walking distance, including Los Primeros Mexican Restaurant, Vitality Bowls, OBON Japanese Restaurant, Well Alley BBQ, Angel Touch Nails, and Cookies & Cream. Nearby is the Phoenix Mesa-Gateway Airpark, and the area is noted as the future home to Skybridge, along with an ASU Polytechnic campus.
For medical providers looking for a flexible platform for their practice, the ability to accommodate a wide range of specialties is a key consideration, along with convenient access to everyday services for patients and staff. The local mix of dining and retail amenities can also help support appointments and day-to-day operations for an office environment.
The surrounding area includes a mix of restaurants, retail, personal services, and entertainment within walking distance, including Los Primeros Mexican Restaurant, Vitality Bowls, OBON Japanese Restaurant, Well Alley BBQ, Angel Touch Nails, and Cookies & Cream. Nearby is the Phoenix Mesa-Gateway Airpark, and the area is noted as the future home to Skybridge, along with an ASU Polytechnic campus.
For medical providers looking for a flexible platform for their practice, the ability to accommodate a wide range of specialties is a key consideration, along with convenient access to everyday services for patients and staff. The local mix of dining and retail amenities can also help support appointments and day-to-day operations for an office environment.
Key Highlights
- Year built: 2023
- Medical office space offers flexibility for any medical specialties
- No ground lease restrictions reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$484,268
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,685,360
$9.7M
Cap Rate 7%
$6,918,114
$6.9M
Cap Rate 9%
$5,380,756
$5.4M
Market Conditions
NOI Build-Up for 35,587 SF
Gross rent
$896.8K $25.20/SF
− Vacancy
−$89.7K −$2.52/SF
EGI
$807.1K $22.68/SF
− OpEx
−$322.8K −$9.07/SF
NOI
$484.3K $13.61/SF
Area
Gilbert, AZ
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,685,360
Cap Rate 7%
$6,918,114
Cap Rate 9%
$5,380,756
Alternative Uses
Best Use
Office B
$7.41M
$6.49M – $8.65M
NOI $518,878 @ 7.0% cap
Second Best
Healthcare Medical
$6.92M
$6.05M – $8.07M
NOI $484,268 @ 7.0% cap
Theoretical Best
Office A
$9.34M
$8.18M – $10.90M
NOI $654,040 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85295, AZ
51,587
Population
19,460
Households
2.7
Avg Household Size
33
Median Age
49%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$116,288
Median Household Income
$58,737
Median Earnings
$1,965
Median Rent
$527,400
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Maricopa County, AZ
Properties on Market for Medical Office Space in Maricopa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space offers flexibility for specialties with no ground lease restrictions and nearby walkable dining and services.
Where is this medical office space located?
The property is located at 3875 E Williams Field Rd Gilbert, AZ.
What are key features of this property?
This property features: Year built: 2023; Medical office space offers flexibility for any medical specialties; No ground lease restrictions reported
