Class A Office
For Sale
Contact for pricing
40 N CENTER Street, Mesa, AZ 85201
Office unit with private rooms, reception, conference space, and shared support areas in downtown Mesa.
Property Size38,662 SF
Price / SF$0.10
Days on Market100
Property Features for 40 N CENTER Street
General Information
Standard status
Active
Size
38,662 SF
Class
Class A
Property subtype
Comm/industry Lease
Additional Details
Public Transit
Yes
Listing Agency:
COBE Real Estate, Inc.
(480) 610-2400
Listed By:
Timothy Zaharis · License #BR577140000
(480) 628-6363
Source:
Thegouldgroupaz
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 30 at 2:24PM
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, Inc.
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Investment Insights
Based on property information with market context.
Suite 102 is configured for professional office use with four private offices, a reception area, conference room, and combined copy and break room. The unit is located within a 38,662-square-foot Class A building in downtown Mesa, providing a structured setting for an office user.
The property sits near the Mesa Convention Center, Mesa Arts Center, City of Mesa offices, Chamber of Commerce, and Municipal Court. Main Street retail, boutiques, offices, and restaurants are within walking distance, while a light rail station is one block away.
The property sits near the Mesa Convention Center, Mesa Arts Center, City of Mesa offices, Chamber of Commerce, and Municipal Court. Main Street retail, boutiques, offices, and restaurants are within walking distance, while a light rail station is one block away.
Key Highlights
- Suite 102 includes 4 offices, reception, conference room, and copy/break room
- Located within a 38,662‑square‑foot Class A building
- One block from a light rail station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$521,415
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,428,300
$10.4M
Cap Rate 7%
$7,448,786
$7.4M
Cap Rate 9%
$5,793,500
$5.8M
Market Conditions
NOI Build-Up for 38,662 SF
Gross rent
$858.3K $22.20/SF
− Vacancy
−$163.1K −$4.22/SF
EGI
$695.2K $17.98/SF
− OpEx
−$173.8K −$4.50/SF
NOI
$521.4K $13.49/SF
Area
ZIP 85201
Vacancy
19.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,428,300
Cap Rate 7%
$7,448,786
Cap Rate 9%
$5,793,500
Alternative Uses
Best Use
Office B
$7.45M
$6.52M – $8.69M
NOI $521,415 @ 7.0% cap · market cap 13,304.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.02M
$8.77M – $11.69M
NOI $701,483 @ 7.0% cap · market cap 17,899.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
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Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with private rooms, reception, conference space, and shared support areas in downtown Mesa.
Where is this office unit located?
The property is located at 40 N CENTER Street Mesa, AZ.
What are key features of this property?
This property features: Suite 102 includes 4 offices, reception, conference room, and copy/break room; Located within a 38,662‑square‑foot Class A building; One block from a light rail station
